'More Credit Needed for Growth in Agriculture Sector'

Published: 22nd January 2015 06:00 AM  |   Last Updated: 22nd January 2015 04:00 AM   |  A+A-


THIRUVANANTHAPURAM: The agrarian sector needs more financial assistance and the farmers need more credit to attain the desired growth, said Chief Minister Oommen Chandy. He was inaugurating the State Credit Seminar organised by NABARD here on Wednesday.  “The state in its Plan Perspective 2030 aims three per cent growth in the agricultural sector. More credit is needed to attain the goal. The state has gone backwards in many fields and has not attained self sufficiency in anything. Milk production is an area where the state is achieving self sufficiency in the near future,’’ the CM said.

 “Neera production has boosted the confidence of coconut farmers. Likewise, more developmental schemes have to be envisaged for promoting the production of paddy, coconut and rubber,’’ Chandy added. The development in the primary sector is more crucial as it accelerates growth in the secondary and tertiary sectors, said Finance Minister K M Mani who delivered the keynote address.

“The agricultural sector which is the prime component of the primary sector needs more investment. The sharp decline in the share of the farm sector to the revenue of the state is a matter of great concern which reminds us the urgency to give more focus for it,’’ Mani said.

 Chief Manager, NABARD, Ramesh Tenkil presided over the function. 

The CM released the State Credit Plan by handing it over to the Finance Minister. He also announced the launch of the Area Based Schemes conceptualised by NABARD for Kollam, Idukki and Malappuram. Mani released the CDs containing success stories of Joint Liability Groups in Kerala. 

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp