Rs 59,000 cr package for villages under Tenth Plan

bangalore:the national bank for agriculture and rural development (nabard) has estimated the potential for investment in rural development activities in the state at rs 59,000 crore in the 10th five year plan period. while investment in agricultural and allied activities was expected to be at rs 37,000 crore, the remaining amount would be utilised for non-farm activities.the plan was discussed at the state level credit seminar organised by nabard here on tuesday. the potential for 2002-2003 has been estimated at rs 9,264 crore. the credit gap during the ensuing plan period is expected to be around rs 15,279 crore. policy interventions as well as strategies that should be adopted for bridging the gap was the main focus of discussion at the seminar. in his keynote address, nabard executive director k.p. agarwal complimented the state government for initiatives in ensuring a balanced regional development. inaugurating the seminar, additional chief secretary n. vishwanathan spelt out the steps initiated by the government in accelerating the process of rural development in the state including computerisation of land records, setting up of food parks and exclusive export processing zones. the government would consider the issues placed by nabard before, he said.