Korea (Koriya)
₹570 cr
of bankable business potential identified by the government in Korea (Koriya).
Source: NABARD PLP 2023-24
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NABARD's plan for Korea (Koriya) · PLP 2023-24
₹570 crof bankable credit potential identified by the government
Crop production, maintenance & marketing
₹229 cr
MSME
₹150 cr
Term loans for agriculture & allied activities
₹84 cr
Other priority sector (SHG/JLG, PMJDY, state-sponsored SC/ST lending)
₹30 cr
Koriya (Korea) district in Chhattisgarh has a NABARD credit plan of about Rs 570 crore for 2023-24. Farming is the backbone: agriculture takes 62% (Rs 350 crore) and small businesses (MSME) take 26% (Rs 150 crore), with the rest going to housing, education, solar energy and self-help-group lending.
The single biggest opportunity is plain crop loans worth Rs 229 crore for paddy, maize, millets, pulses and oilseeds. Beyond crops, the plan points to clear clusters: dairy (Rs 17.5 crore), where milk demand from a 6-lakh-plus population outstrips supply and new milk cooperatives are suggested in Baikunthpur and Manendragarh; farm machinery (Rs 21 crore) and minor irrigation (Rs 13.4 crore), since only 24% of land is irrigated; and fisheries, poultry and goat farming, which feed the large mine-worker population that buys fish, eggs and meat. Coal mining and the district industrial area (678 registered units) anchor the Rs 150 crore MSME pipeline. NABARD's Wadi programme is already turning 500 acres of wasteland into orchards, and one farmer producer organisation has been formed.
The plan is frank about what holds the district back: the bank credit-to-deposit ratio is just 28% against a 60% norm, only about half of landholders have a Kisan Credit Card, and there are too few veterinary clinics, milk-collection routes, hatcheries and processing centres to support livestock growth.
What the plan promotes
- Crop production dominates the plan at Rs 229.38 cr; main crops are paddy, maize, kodo-kutki millet, arhar, urad, moong, kulthi, groundnut, gram, masur, til, ramtil and wheat across 1,32,255 ha of cropped area.
- Dairy development carries Rs 17.50 cr potential; with a 6 lakh-plus population and high milk demand, the PLP flags good scope for milk producer cooperatives in Baikunthpur and Manendragarh blocks and for milk-route collection.
- Farm mechanisation (Rs 20.95 cr) and minor irrigation/water resources (Rs 13.40 cr) are key term-loan lines, since only 24% of the district is irrigated and the plan calls for new minor-irrigation schemes.
- MSME credit potential is Rs 150.09 cr, driven by coal mining and processing units in the district industrial area where 678 industries are registered; cottage, small and service businesses around the mines have strong scope.
- NABARD's Tribal Development (Wadi) programme is running 'baadi' orchard development on 500 acres of wasteland of farmers in Baikunthpur block, and one farmer producer organisation (FPO) of baadi farmers has been formed.
- Poultry (Rs 7.18 cr) and fisheries (Rs 9.40 cr) are promoted for the large mine-worker population that drives demand for fish, eggs and meat; a government hatchery unit is suggested to cut dependence on outside chicks.
Gaps the plan names
- Credit-deposit (CD) ratio of all banks was only 28% as on 31 March 2022, far below the 60% norm, so base-level priority-sector lending needs a big push.
- Low KCC penetration: only ~50,520 Kisan Credit Cards against ~99,696 landholders (62.45% of them marginal/small), limiting crop-loan flow.
- Weak allied-sector infrastructure: shortage of veterinary hospitals, artificial-insemination centres, animal markets and produce-processing centres is holding back livestock and poultry growth.
- Poor dairy support: not enough good-breed animals, and milk-producer societies need to be formed, strengthened and modernised, with milk-collection routes set up.
- Only 24% of the district is irrigated; new minor-irrigation schemes using central and state government programmes are needed to lift the figure.
See the plan's recommendations
What the plan promotes
- Crop production dominates the plan at Rs 229.38 cr; main crops are paddy, maize, kodo-kutki millet, arhar, urad, moong, kulthi, groundnut, gram, masur, til, ramtil and wheat across 1,32,255 ha of cropped area.
- Dairy development carries Rs 17.50 cr potential; with a 6 lakh-plus population and high milk demand, the PLP flags good scope for milk producer cooperatives in Baikunthpur and Manendragarh blocks and for milk-route collection.
- Farm mechanisation (Rs 20.95 cr) and minor irrigation/water resources (Rs 13.40 cr) are key term-loan lines, since only 24% of the district is irrigated and the plan calls for new minor-irrigation schemes.
- MSME credit potential is Rs 150.09 cr, driven by coal mining and processing units in the district industrial area where 678 industries are registered; cottage, small and service businesses around the mines have strong scope.
- NABARD's Tribal Development (Wadi) programme is running 'baadi' orchard development on 500 acres of wasteland of farmers in Baikunthpur block, and one farmer producer organisation (FPO) of baadi farmers has been formed.
- Poultry (Rs 7.18 cr) and fisheries (Rs 9.40 cr) are promoted for the large mine-worker population that drives demand for fish, eggs and meat; a government hatchery unit is suggested to cut dependence on outside chicks.
Gaps the plan names
- Credit-deposit (CD) ratio of all banks was only 28% as on 31 March 2022, far below the 60% norm, so base-level priority-sector lending needs a big push.
- Low KCC penetration: only ~50,520 Kisan Credit Cards against ~99,696 landholders (62.45% of them marginal/small), limiting crop-loan flow.
- Weak allied-sector infrastructure: shortage of veterinary hospitals, artificial-insemination centres, animal markets and produce-processing centres is holding back livestock and poultry growth.
- Poor dairy support: not enough good-breed animals, and milk-producer societies need to be formed, strengthened and modernised, with milk-collection routes set up.
- Only 24% of the district is irrigated; new minor-irrigation schemes using central and state government programmes are needed to lift the figure.
Value-chain gaps
Money this district loses today
Raw output sold cheap, value added elsewhere — each gap below is an opening for a local business.
Resources
What this district has
Tap a category to see the facts and figures underneath. Numbers marked unverified are AI-extracted and need a sourcing pass.
About Korea (Koriya)
Koriya district, officially known as Korea district, is a district in the north-western part of the Chhattisgarh state in Central India.The administrative headquarters of the district is Baikunthpur.
Source: Wikipedia — Koriya district
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