Trending Now
- Alliance talks between AIADMK and BJP are ongoing. An announcement will be made at the right time – Union Home Minister Amit Shah.
- Vijay spoke about TVK vs. AIADMK only to motivate party workers – AIADMK General Secretary Edappadi K. Palaniswami.
- South Indian audiences are not interested in Hindi films, which is why they don’t succeed – Salman Khan.
- KL Rahul joins Delhi Capitals; the team will face Hyderabad tomorrow.
Coimbatore
Credit potential plan projected at Rs. 16,892 crore
November 24, 2016
NABARD has projected a Credit Potential Plan of Rs. 16,892.31 crore for Coimbatore district for 2017-18, an increase of 13 per cent over 2016-17.
Of the total outlay, Rs. 7,506 crore, that is 38 per cent, has been earmarked for the agriculture sector, comprising 24 per cent for crop loan and 14 per cent for farm credit to agriculture and allied activities, NABARD District Development Manager Inigo Arul Selvan said while highlighting the contents of the plan.
Considering the economic profile of the district and its role in nurturing the MSME sector, Rs. 7,735 crore (46 per cent) has been earmarked for the same, he said.
The potential credit for other priority sectors like export credit, education and housing is assessed at Rs. 2,651 crore (16 per cent), he said.
Releasing the plan document, District Collector T N Hariharan stressed the need for increased credit flow aimed at capital formation both in the agriculture and the MSME sectors.
