Nabard has projected a credit potential of Rs. 70,849 crore for the farm and non-farm activities under the priority sector for 2011 -2012 in Andhra Pradesh.
According to a State Focus Paper (SFP) prepared by the National Bank for Agriculture and Rural Development released by the Andhra Pradesh Minister for Finance, Mr Anam Ramnarayan Reddy, today at the State credit seminar, organised by Nabard, this amount shows a growth of 16.3 per cent over last year.
State Focus paper
The State Focus Paper is an aggregation of the district-wise potential-linked credit plans (PLPs) prepared for each of the districts, and district development managers of Nabard identify realisable targets, enabling infrastructure required and issues having a bearing on the development under related sectors in the State.
The seminar was organised to deliberate on the issues connected with credit flow and finalise the same for the 2011-2012.
Lend more to farmers
Dr A.K. Bandhopadhya, Executive Director of Nabard, in his address, indicated that while there was massive investment by the State Government, especially in the irrigation sector, the ground level investment credit has not picked up in a commensurate manner. He urged the bankers to step up the financing at the farmers' level.
Rural infrastructure
The Minister stressed on the need to provide increased investments to the agriculture sector and strive to provide alternative income sources to the farmers so that the distress could be avoided.
While outlining the initiatives of the State Government, including investments in irrigation, providing extension services through Rythu Sadassus, he said that more infrastructure is being created by the Government through the Rural Infrastructure Development Fund of Nabard.
No comments:
Post a Comment