A credit plan of Rs 900 crore has been envisaged for the year 2010-11 by National Agricultural and Rural Development Bank (Nabard ) and Oriental Bank of Commerce, which is a district lead bank, for the all round development of Palwal district.
A spokesman of Nabard said the credit plan for the year 2010-11 indicated an overall increase of 31% over the credit plan of Rs 686.29 crore for the 2009-10.
Giving details of the credit plan, he said, a provision of bank loan of Rs 694.6 crore has been made in the Plan for the development of agricultural sector.
Out of this, Rs 544.5 crore will be advanced as crop loan and Rs 150.1 crore as term loan. For non-agricultural sector and small industries category, a provision of giving a loan of Rs 62.80 crore has been made and a target to advance a loan amounting to Rs 142.60 crore has been made for other areas of priority.