'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-

Finance-Minister-K-M-Mani

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. 

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