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The Potential Linked Credit Plan (PLCP) for 2014-15 for Madurai district, envisages an outlay of Rs 6,293 crore.
Launching the National Bank for Agriculture and Rural Development (Nabard) prepared credit plan at a meeting of the District Level Review Committee of Bankers, held here recently, District Collector L. Subramanian stressed that term lending played a vital role for the integrated development of rural areas and the bankers and government agencies needed to work in perfect coordination to achieve the same.
The PLP, with a 14 per cent hike over last year, envisages a higher allocation for agriculture and allied activities, with crop loans at Rs 1,939 crore , term-lending for capital formation at Rs 1,570 crore, MSME sector at Rs 1,244 crore and “Other Priority Sector” at Rs 1,540 crore.
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