THIRUVANANTHAPURAM: Chief Minister Oommen Chandy on Wednesday released the Kerala State Focus Paper incorporating the State Credit Plan 2012-13 with a credit potential of Rs 68,434 crore at a function held at NABARD Kerala regional office here. The credit plan assesses the potential available for lending under priority sector in the state. This plan would serve as a base document for the preparation of annual credit plan for the state as a whole as well as for the credit planning of banks. The State Credit Plan is the aggregation of the district-wise potential-linked credit plans prepared for all the 14 districts of the state by district development managers of NABARD in consultation with the line departments of the State Government, banks and other stake holders. For the year 2012-2013, the state credit plan has envisaged projection of ` 68,434 crore for the priority sector, which is 17 per cent higher than the credit potential estimated at Rs 58,159 crore for the year 2011-12. Out of the total projection, Rs 30,124 crore is for primary sector, which include agriculture and allied activites, Rs 4,657 crore for secondary sector and Rs 33,653 crore for tertiary sector.Besides the credit outlay in the priority sector, the state focus paper also discusses the sectoral issues for the development, replicable practices, success stories and suggests action points for bankers and government departments. K C Shashidhar, chief general manager, NABARD, Kerala, said that NABARD’s new initiatives towards accelerating ground-level credit to agriculture and rural development include opening of an exclusive window under RIDF to cater to creation of storage warehousing infrastructure in rural areas for which Rs 100 crore has been allocated for Kerala.
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