Mah’s initiatives for farming sector

Source: The Hitavada      Date: 11 May 2018 09:21:55


 

MUMBAI,

Banks to lend Rs 85,464 cr to farm sector in Mah


BANKERS on Thursday decided to lend Rs 85,464 crore to the farm sector in Maharashtra, a growth of 12 per cent over the previous year, amid a prolonged weakness in agricultural activity.
The decision was taken at a meeting of the State Level Banking Committee (SLBC), chaired by Chief Minister Devendra Fadnavis and attended by NABARD and the Reserve Bank officials here.


The credit disbursement plan approved by the committee included Rs 58,319 crore in crop loans and Rs 27,145 crore for capital investments in the sector. Maharashtra is staring at an 8.3 per cent dip in agriculture growth in fiscal 2017-18 on account of decreased production of foodgrains, pulses and cotton crops, according to the annual Economic Survey.


Stating that the farm sector is his Government’s topmost priority, Fadnavis expressed displeasure over the shortfall in disbursement in 2017-18 and asked banks to have a more focused strategy to finance farmers.
“Our credit plan for next season is increased, achieving it is most important now. We don’t want to increase the gap between the targeted and actual disbursement,” the CM said. He asked banks to put emphasis on agri processing sector. Around 37 lakh farmer accounts have received benefit of the State’s crop loan waiver scheme till now, Fadnavis said. “We should now focus on financing them and reaching out to them, giving information of various schemes,” he said. The Chief Minister said interactive approach and engagement by banks towards farmers is the need of the hour. “We have institutional mechanism in place, but only due to lack of dialogue and communication, farmers rely on private money lenders,” he said.

 


 

CM releases Focus Paper on water conservation

MUMBAI,

MAHARASHTRA Chief Minister Devendra Fadnavis on Thursday released a State Focus Paper 2018-19 on the theme “Water Conservation: Per Drop More Crop”.
The Focus Paper deals with sustainable irrigation, value addition, post harvest technologies and innovative solutions to bring back farmers into the institutional credit system, a statement issued by the Chief Minister’s Office said.
Fadnavis said that this focus paper needed to be reviewed periodically, adding that it had to be implemented in true spirit.


He was speaking at the State credit seminar organised by the National Bank for Agriculture and Rural Development (NABARD) here.
He called for the efficient use of water as well as the digitisation of schemes to improve the planning mechanism.


“We need to focus on efficient use of water along with creating water structures. Focus on digitisation of each scheme and data is also important. This will make our planning mechanism more efficient,” Fadnavis said. The Maharashtra CM, during the seminar, distributed hand-held devices to agencies working towards the digitisation of Self-Help Groups (SHGs) as part of the NABARD’s ‘e-Shakti’ programme. Fadnavis released booklets on Area Development scheme as well at the seminar.


Mah has Rs 3.70 lakh crore credit potential in FY19

MUMBAI,

NATIONAL Bank for Agriculture and Rural Development (NABARD) on Thursday said that there is a potential of credit disbursement of Rs 3.70 lakh crore under the priority sector lending in the State during the current financial year.
The development finance institution on Thursday made a presentation to State’s Chief Minister Devendra Fadnavis on the potential available for different activities under the priority sector for financial year 2018-19 for the State.


“The aggregate projections of potential linked plans (PLPs) of all the districts in the State reflect an estimated credit flow of Rs 3.70 lakh crore during FY19 for priority sector,” NABARD said in the presentation made to Fadnavis.
This year’s projection under priority sector is 10 per cent higher than the previous year.


In FY19, the potential for credit flow to the agricultural sector is Rs 93,618.36 crore, while for micro, small and medium enterprises is Rs 1.48 lakh crore.
Loans to other priority sectors which includes self employed, housing to a limit, transport operator and education, among others has a potential of Rs 1.28 lakh crore.


“The credit planning process of NABARD is a bottom-up approach through a consultative process involving all the stakeholders including bankers at the district level. It partners with the State Government and bankers, striving to achieve the projections,” Nabard’s officer-in-charge, M K Srivastava, said.