"Considering the past trends in ground level credit, the credit flow during 2003-04 is expected to be about Rs 13,148.58 crore, (Rs 11913.49 crore in 2002-03), leaving a credit gap of Rs 3612.70 crore,'' Mr C R Patnaik, chief general managaer, Nabard, Tamil Nadu region, told newsmen here on Saturday.
| Credit flow projections for 2003-04 in TN priority sector | |||
| Particulars | Expected credit 2002-03 | Potential for 2003-04 | Credit projections 2003-04 |
| Crop loans | 4535.88 | 5480.54 | 4937.68 |
| Minor irrigation | 83.81 | 347.95 | 101.52 |
| Land development | 34.67 | 71.72 | 43.23 |
| Farm mechanisation | 120.98 | 385.41 | 15.01 |
| Plantation, horticulture | 131.21 | 228.02 | 156.75 |
| Dairy Development | 161.87 | 295.43 | 191.94 |
| Poultry | 36.76 | 89.18 | 47.07 |
| Sheep, goat, piggery | 41.85 | 112.41 | 59.96 |
| Fisheries | 14.27 | 36.82 | 17.69 |
| Forestry, wasteland | 5.64 | 40.03 | 11.01 |
| Storage, market yard | 18.77 | 58.94 | 21.06 |
| Others | 61.05 | 80.67 | 51.72 |
| Total agri credit | 5246.76 | 7227.12 | 5792.64 |
| Non-farm sector | 4242.03 | 6632.98 | 4786.26 |
| Other priority sector | 2424.70 | 2901.18 | 2569.68 |
| Grand Total | 11913.49 | 16761.28 | 13148.58 |
``With the increasing involvement of the banking sector, the credit gap is expected to narrow down, he added.
The potential assessed in the primary sector (agriculture and allied activities) for the year is estimated at Rs 7,227.12 crore. The credit extended by financial institutions under this sector during the past four years increased from Rs 3,477 crore in 1998-99 to Rs 5,284 crore in 2001-02.
During 2003-04, the credit flow to this sector is estimated at Rs 5,792.64 crore.
The potential assessed in the secondary sector for 2003-04 is estimated at Rs 6,632.98 crore. The credit flow to this sector during the past four years ranged from Rs 2,609 crore during 1998-99 to Rs 3,904.98 crore during 2001-02. The credit flow to this sector during the next fiscal is estimated at Rs 4,786.26 crore.
The potential assessed for the tertiary sector in the state is Rs 2,901.18 crore. The ground level credit flow for this sector during the last four years ranged from Rs 1,048 crore in 1998-99 to Rs 2,244 crore in 2001-02.
The credit flow to this sector is estimated at Rs 2,569.68 corore.
The credit projections and availability are presented in the `State Focus Paper: 2003-04', which is the aggregation of the exploitable potential estimated for the 28 districts in the state for the second year of the 10th Plan.
The paper also highlights the infrastructure and services sector gaps that have to be filled in through suitable strategies and policy changes.
All these issues would be discussed among the top-level state government officials and bank chiefs here on Monday.