Daman
1.91 lakh people. Larger than the Seychelles, Monaco, or Vatican City. Governed as one cell of one state.
- Population
- 1,91,173 (1.91 lakh)
- Area
- 72 km²
- Headquarters
- Daman
₹365 cr
of bankable business potential identified by the government in Daman.
Source: NABARD PLP 2023-24
Opportunities
What you can build here
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NABARD's plan for Daman · PLP 2023-24
₹365 crof bankable credit potential identified by the government
MSME (Micro, Small & Medium Enterprises)
₹303 cr
Housing
₹45 cr
Crop production, maintenance & marketing
₹5 cr
Term loans for agriculture & allied activities
₹4 cr
Daman's credit plan for 2023-24 sizes up ₹364.71 crore of priority-sector lending potential. This district is unusual: it is an industrial hub, so MSME lending dominates at ₹302.50 crore — a full 83% of the plan — while all of agriculture and allied activities together come to just ₹12.44 crore (about 4%). Daman has 3 government and 39 private industrial estates and roughly 3,635 industrial units, with plastics as the leading sector followed by pharmaceuticals and paper, so a business serving manufacturing (term loans of ₹233.75cr, working capital ₹68.75cr) has the widest runway.
Outside factories, the biggest openings are housing finance at ₹45.26 crore (12%), fuelled by property demand from nearby Mumbai, Vapi and Surat, and fisheries — the largest farm term-loan line at ₹1.54 crore, with the plan specifically calling for fishermen's producer companies (FPOs). Smaller but concrete clusters include food and agro-processing (₹0.98 crore), dairy development through an Area Based Scheme, and rainfed paddy plus mango and banana growing.
The plan flags real hurdles too: rural youth face a skill gap and high unemployment, industrial-waste water contamination is hurting fishing, farmland is scarce so double cropping needs better irrigation, and awareness of subsidised credit schemes like AIF and PM-FME is low. The cooperative base is also thin — only 6 milk, 25 housing and 2 fishing societies.
What the plan promotes
- MSME lending is the dominant opportunity at ₹302.50cr (83% of the plan) — Daman has 3 Govt and 39 private industrial estates and 3,635 industrial units, with plastics as the leading sector followed by pharmaceuticals and paper.
- Fisheries is the largest agriculture term-loan line at ₹1.54cr, and forming FPOs of fishermen is named as a key thrust area for 2023-24.
- Housing finance potential of ₹45.26cr (12% of plan), driven by high residential and commercial property demand due to proximity to Mumbai, Vapi and Surat.
- Food and agro-processing enterprises worth ₹0.98cr — the PLP pushes promotion/establishment of processing units to cut wastage and improve farmer returns.
- Dairy sector development via an Area Based Scheme with a coordinated banking plan by NABARD, Lead Bank, line departments and other stakeholders (term-loan potential ₹0.36cr).
- Farm-gate and post-harvest agriculture infrastructure (₹1.08cr) financed through the Agriculture Infrastructure Fund (AIF).
Gaps the plan names
- High unemployment among rural youth caused by a skill gap, despite the district being an industrial hub for plastics, paper and chemicals.
- Contamination of water from industrial waste is adversely affecting fishing, an important economic activity.
- Scarce farming area and limited agriculture — double cropping needs to be encouraged with adequate irrigation facilities.
- Low awareness among farmers and entrepreneurs about subsidised bank credit for farm-gate infrastructure under AIF, PM-FME and similar GoI/State schemes.
- Weak cooperative profile — only 6 milk, 25 housing and 2 fishing cooperatives in the district.
See the plan's recommendations
What the plan promotes
- MSME lending is the dominant opportunity at ₹302.50cr (83% of the plan) — Daman has 3 Govt and 39 private industrial estates and 3,635 industrial units, with plastics as the leading sector followed by pharmaceuticals and paper.
- Fisheries is the largest agriculture term-loan line at ₹1.54cr, and forming FPOs of fishermen is named as a key thrust area for 2023-24.
- Housing finance potential of ₹45.26cr (12% of plan), driven by high residential and commercial property demand due to proximity to Mumbai, Vapi and Surat.
- Food and agro-processing enterprises worth ₹0.98cr — the PLP pushes promotion/establishment of processing units to cut wastage and improve farmer returns.
- Dairy sector development via an Area Based Scheme with a coordinated banking plan by NABARD, Lead Bank, line departments and other stakeholders (term-loan potential ₹0.36cr).
- Farm-gate and post-harvest agriculture infrastructure (₹1.08cr) financed through the Agriculture Infrastructure Fund (AIF).
Gaps the plan names
- High unemployment among rural youth caused by a skill gap, despite the district being an industrial hub for plastics, paper and chemicals.
- Contamination of water from industrial waste is adversely affecting fishing, an important economic activity.
- Scarce farming area and limited agriculture — double cropping needs to be encouraged with adequate irrigation facilities.
- Low awareness among farmers and entrepreneurs about subsidised bank credit for farm-gate infrastructure under AIF, PM-FME and similar GoI/State schemes.
- Weak cooperative profile — only 6 milk, 25 housing and 2 fishing cooperatives in the district.
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
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About Daman
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