Executive Summary

Anantnag is one of the oldest District of J&K State in the southern parts of Kashmir valley, situated in the foothills of picturesque Pir-Panchal Range of mountains, at a distance of about 55 km from Srinagar and about 245 km from Jammu. The District is surrounded by Banihal, Kulgam and Pulwama Districts. Anantnag district is served by ten commercial banks namely, J&K Bank Ltd., State Bank of India, Punjab National Bank, HDFC and AXIS bank. One DCCB namely, Anantnag Central Cooperative Bank Ltd. and one RRB namely, Ellaquai Dehati Bank are also present in the district.

The district has a total of 126 branches, J&K Bank Ltd. is the Lead Bank of the district. The C:D ratio of Anantnag District is 62.51%. Financial Inclusion programme and Self Help Group movement for credit linkage of the poor is yet to make complete inroads into the district, particularly the remote areas due to poor institutional infrastructure and manpower for awareness, sensitization and social mobilization of the rural people.

Total flow of Ground Level Credit (GLC) under priority sector was ` 250.02 crore, `320.35 crore and `747.55 crore during 2012-13, 2013-14 and 2014-15, respectively. District Credit Plan showed achievement of 66.27%, 59.22% and 108.55% over same period. Share of agriculture credit in total GLC during the past three years was 76.63%, 67.45% and 116.12% respectively.

The projections of Potential Linked Credit Plan (PLP) of Anantnag District for 2016-17 are assessed at `990.54 crore. Sector wise coverage of credit potential is indicated as under: ` 509.83 crore for Agriculture (Farm credit, Agriculture infrastructure and Ancillary activities), ` 369.77 crore for MSME (including medium enterprises), ` 32 crore for Export Credit, `18.00 crore for Education, ` 33 crore for Housing, `5.85 crore for Social Infrastructure, `1.03 crore for Renewable Energy, and ` 21.05 crore for Others.

Major constraints likely to affect the translation of potential for institutional credit assessed under the PLP-2016-17 into actual flow of GLC in various sectors

9 are presented as under: poor outreach of development programmes of State and Central Government, poor branch network, low spread of BCs, lack of SHPIs, lack of basic rural infrastructure facilities, apathy of farmers/ rural people towards banks, lack of coordination among agencies, absence of Crop Insurance facilities due to poor infrastructure and awareness, lack of off-farm skills and facilities for rural industrial entrepreneurship, etc. Suggested action points to circumvent the adverse impacts of constraints are as under: social mobilization, creation of awareness, skill formation drives, enhancing coordination among agencies, financial literacy camps, etc. NABARD has initiated steps in this direction by promotion of SHGs, Area Development Schemes, organizing FLCs, etc. Thrust areas of NABARD for 2016-17 are planned in the area of promoting SHGs, JLGs, Pos, cooperatives, etc. which require optimum coordination among all agencies and stakeholders in the district including decentralized participation of the rural people.

Disclaimer: The GLC reported in PLP document does not cover Jewel Loans

10

Broad Sector wise PLP projections - 2016-17

(`lakh) Sr. Particulars PLP No. Projections 2016-17 A Farm Credit i Crop Production, Maintenance and Marketing 37496.55 ii Term Loan for agriculture and allied activities 10932.68 Sub Total 48429.23 B Agriculture Infrastructure 1271.39 C Ancillary activities 1282.88 I Credit Potential for Agriculture (A+B+C) 50983.50 II Micro, Small and Medium Enterprises 36977.31 III Export Credit 3200.00 IV Education 1800.00 V Housing 3300.00 VI Renewable Energy 103.95 VII Others 2105.00 VIII Social Infrastructure involving bank credit 585.00 Total Priority Sector (I to VIII) 99054.76

11

Sector / Sub-sector wise PLP projections - 2016-17

(`lakh) Sr. Particulars PLP No. Projections 2016-17 I Credit Potential for Agriculture A Farm Credit i Crop Production, Maintenance and Marketing 37496.55 ii Water Resources 1195.49 iii Farm Mechanisation 2307.83 iv Plantation and Horticulture (including sericulture) 4339.89 v Forestry and Waste Land Development 90.00 vi Animal Husbandry – Dairy 326.70 vii Animal Husbandry – Poultry 706.50 viii Animal Husbandry – Sheep, Goat, Piggery, etc. 1656.00 ix Fisheries (Marine, Inland, Brackish water) 135.00 x Others – Bullock, Bullock cart, etc. 175.28 Sub Total 48429.24 B Agriculture Infrastructure i Construction of storage facilities (Warehouses, Market yards, 1134.38 Godowns, Silos, Cold storage units/ Cold storage chains) ii Land development, Soil conservation, Watershed development 137.01 iii Others (Tissue culture, Agri bio-technology, Seed production, Bio 0 pesticides/ fertilizers, Vermin composting) Sub Total 1271.39 C Ancillary activities i Food and Agro processing 1134.38 ii Others (Loans to Cooperative Societies of farmers for disposing of 148.50 their produce, Agri Clinics/ Agri Business Centres, Loans to PACS / FSS/ LAMPS, Loans to MFIs for on lending) Sub Total 1282.88 Total Agriculture (A+B+C) 50983.50 II Micro, Small and Medium Enterprises i MSME – Working capital 6162.89 ii MSME – Investment credit 30814.43 Total MSME 36977.31 III Export Credit 3200.00 IV Education 1800.00 V Housing 3300.00 VI Renewable Energy 103.95 VII Others (Loans to SHGs/ JLGs, loans to distressed persons to prepay non-institutional lenders, PMJDY, loans to state 2105.00 sponsored organizations for SC/ST) VIII Social Infrastructure involving bank credit 585.00 Total Priority Sector 99054.76

12

Map of Anantnag District

13