The estimated credit potential for major sectors include Rs 14,573.08 crore (34%) for crop loan, Rs 4,562.67 crore (11%) for term loan for agricultural activities; Rs 11,169.57 crore (26%) for non farm sector (NFS), Rs.805.63 crore (2%) for agro & food processing and Rs 11,574.59 crore (27%) for other activities. Further, emphasis is laid on development of specific sub sectors like water resources with the potential of Rs 599.18 crore (13% of term loan); plantation & horticulture - Rs 895.54 crore (19% of term loan) and dairy development - Rs 692.21 crore (15% of term loan) , among others.
Nabard, since the setting up of Rural Infrastructure Development Fund in 1995-96, sanctioned 21,483 projects worth Rs 6,243.77 crore and released Rs 4,231.87 crore to the State government (up to December31, 2008), Raghavulu said.
Development of watersheds through participatory community approach were being implemented in 22 districts through 127 projects, covering a watershed area of 1.16 lakh ha. Intensive training and demonstrative initiatives were being undertaken to promote organic farming, water management techniques, improved package for practices of crop production and crop diversification, etc.
Nabard has introduced a scheme called "Grameen Tatkal", which would comprehensively address the needs of all rural families, taking into account their cash flows from various sources, he said. ''It is a "family-centric approach", a supplementary loan product from the banking system providing flexible, cost-effective and easy credit facility to rural households. The scheme is now being implemented in two districts, Sivaganga and Salem, through Pandyan Grama Bank and Salem DCCB respectively. As on November 30, 2008, 5,045 families have been assisted with an assistance of Rs 22.96 crore,'' he said.
Tamil Nadu is ranked second in SHG-bank linkage programme in the country. As on March 31, 2008, the cumulative number of SHGs credit linked in the State stood at 4.77 lakh and cumulative bank loans aggregated to Rs 4,878.13 crore with Nabard's refinance to the tune of Rs.1,783 crore, Raghavulu said.