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Kerala’s estimated credit plan pegged at Rs1.46 lakh crore for 2019-20
The minister said after the concerted efforts of the state government, more farmers are coming under the insurance schemes of Central and state governments mainly after the devastating floods.
THIRUVANANTHAPURAM: The credit potential of the state Focus paper of the year 2019-20, released by Chief Minister Pinarayi Vijayan prepared by NABARD incorporating the state credit plan, is pegged at Rs 1,46,163 crore.
The state credit plan is an aggregation of potential linked plans prepared for all the 14 districts by NABARD in consultation with the state government, banks and other stakeholders and forms the base for the preparation of annual credit plans by banks.
Of the total estimated credit potential of Rs 1,46,163 crore, agriculture and allied sectors account for Rs 69,303 crore, MSME sector Rs 41,090 crore and other priority sectors Rs 35,770 crore.
Agriculture Minister V S Sunil Kumar while delivering his keynote address said the post-flood damage affected around 1.47 lakh hectares of crops affecting nearly 4 lakh farmers of the state.
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