Collector releases NABARD’s credit plan projecting ₹23,624 crore for Thoothukudi

National Bank for Agriculture and Rural Development (NABARD) has projected a total credit potential for Thoothukudi district for the financial year 2026-2027 as ₹23,624.60 crore, under the Potential Linked Credit Plan (PLP) 2026-2027.

The PLP document was formally released by Collector K. Elambahavath at the District Standing Committee meeting on Friday.

In the PLP, agriculture and its allied activities account for a major projected credit requirement of ₹16,593.36 crores, such as crop loans ₹14,976.68 crore, agriculture term loans ₹715.44 crore, agriculture infrastructure ₹255.94 crores and other ancillary activities ₹645.29 crores. Other sections, such as MSME sector has an estimated credit potential of ₹5,005.61 crores, export, credit and housing ₹271.20 crore, infrastructure ₹439.87 and renewable energy and informal credit ₹1,314.54 crores.

At the event, Mr. Elambahavath emphasised the need for enhancing medium and long term investment credit in agriculture, particularly in animal husbandry, micro irrigation system, fisheries and allied activities to ensure sustainable income generation and rural livelihood development.

Suresh Ramalingam RK, District Development Manager, NABARD, stated that Thoothukudi district maintained a strong banking network and the overall credit-deposit ratio for 2024-2025 remained above the regulatory benchmark, reflecting the robust credit flow in the district.

The meeting concluded with a call for coordinated efforts among banks and line departments to facilitate credit growth with financial inclusion and sustainability across the district.