Agatti
₹66 cr
of bankable business potential identified by the government in Agatti.
Source: NABARD PLP 2022-23
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NABARD's plan for Agatti · PLP 2022-23
₹66 crof bankable credit potential identified by the government
MSME
₹23 cr
Crop production, maintenance & marketing
₹14 cr
Term loans for agriculture & allied activities
₹13 cr
Ancillary activities (incl. food & agro processing)
₹10 cr
Lakshadweep's PLP for 2022-23 sees about ₹66.13 crore of bankable priority-sector opportunity across the whole Union Territory (a single-district UT, so this covers Agatti island too). Farming and allied work make up the biggest slice at ₹37.77 crore (57%), while small enterprises (MSME) account for ₹23.19 crore (35%) — though the islands are a declared 'No Industry District', so only clean, small units are allowed.
The clearest money-makers are tied to the sea and the coconut. Fishing is the single largest term-loan opportunity at ₹7.04 crore — the waters hold an estimated 1 lakh tonnes of tuna. Sea-weed farming is a fast-growing, women-led opportunity: the islands could produce nearly 30,000 tonnes of dried seaweed a year using just 1% of the lagoon, starting with 10 women's self-help groups. Coconut work — plantation and horticulture (₹2.20 crore), intercropping with vegetables, and the 100% organic tag earned in 2020 — rounds out farm income. Small trades like coir, rope, mat-making, carpentry, soap-making and boat-building, plus a coconut grating unit at Kadmat, are the encouraged industries, and the 2020 Tourism Policy should draw fresh investment.
The plan is frank about the hurdles: only 8 of 180 self-help groups are credit-linked, there is no local scale-of-finance body (DLTC), inputs must come from the far-away mainland on unreliable transport, and banking is weak — recovery is just 16% and the CD ratio only 8%.
What the plan promotes
- Fisheries is the largest term-loan opportunity at ₹7.04 cr; the sea around Lakshadweep holds an estimated 1 lakh tonnes of tuna (and an equal quantity of shark) as marine fishery potential.
- Sea-weed farming is being promoted on a large scale by the UT administration; the island can produce nearly 30,000 tonnes of dry seaweed a year using just 1% of its lagoon area, run as a women-centric activity starting with 10 women SHGs.
- Coconut is the mainstay of livelihood; the Agriculture Department is popularising intercropping in coconut gardens with short-duration, drought and salinity-tolerant vegetable crops during rainy seasons.
- Plantation and horticulture credit potential of ₹2.20 cr, supported by CPCRI Minicoy research on organic vegetable and fruit production, coconut-leaf vermicomposting and vermiwash.
- Lakshadweep is 100% organic (approved 26 October 2020 under Paramparagat Krishi Vikas Yojana), opening premium-market opportunities for organic coconut and vegetable produce.
- Coir, mat making, rope, carpentry and furniture making, soap making and country boat building are the non-polluting micro/small industries encouraged in this 'No Industry District'.
Gaps the plan names
- Of 180 SHGs in the UT only 8 are credit-linked; there is an urgent need for awareness campaigns by the Department of Rural Development and banks to promote credit linkage for business expansion.
- Adoption of coconut-based cropping/farming remains very low due to overcrowding of palms and lack of recommended spacing; the department must run island-specific surveys and banks should introduce flexi credit for 'Homestead Farms'.
- There is no separate scale of finance for Lakshadweep because there is no DLTC in the islands (Ernakulam's SoF is used); an urgent need exists to set up a DLTC in Lakshadweep.
- Being far from the mainland with limited land area, agriculture depends on the mainland for all inputs and unreliable transportation is a major bottleneck, along with general reluctance of people to borrow.
- Very poor banking performance: recovery rate only 16% (March 2021), average recovery under priority-sector lending only 5% over 3 years, and CD ratio just 8%, all of which constrain fresh credit flow.
See the plan's recommendations
What the plan promotes
- Fisheries is the largest term-loan opportunity at ₹7.04 cr; the sea around Lakshadweep holds an estimated 1 lakh tonnes of tuna (and an equal quantity of shark) as marine fishery potential.
- Sea-weed farming is being promoted on a large scale by the UT administration; the island can produce nearly 30,000 tonnes of dry seaweed a year using just 1% of its lagoon area, run as a women-centric activity starting with 10 women SHGs.
- Coconut is the mainstay of livelihood; the Agriculture Department is popularising intercropping in coconut gardens with short-duration, drought and salinity-tolerant vegetable crops during rainy seasons.
- Plantation and horticulture credit potential of ₹2.20 cr, supported by CPCRI Minicoy research on organic vegetable and fruit production, coconut-leaf vermicomposting and vermiwash.
- Lakshadweep is 100% organic (approved 26 October 2020 under Paramparagat Krishi Vikas Yojana), opening premium-market opportunities for organic coconut and vegetable produce.
- Coir, mat making, rope, carpentry and furniture making, soap making and country boat building are the non-polluting micro/small industries encouraged in this 'No Industry District'.
Gaps the plan names
- Of 180 SHGs in the UT only 8 are credit-linked; there is an urgent need for awareness campaigns by the Department of Rural Development and banks to promote credit linkage for business expansion.
- Adoption of coconut-based cropping/farming remains very low due to overcrowding of palms and lack of recommended spacing; the department must run island-specific surveys and banks should introduce flexi credit for 'Homestead Farms'.
- There is no separate scale of finance for Lakshadweep because there is no DLTC in the islands (Ernakulam's SoF is used); an urgent need exists to set up a DLTC in Lakshadweep.
- Being far from the mainland with limited land area, agriculture depends on the mainland for all inputs and unreliable transportation is a major bottleneck, along with general reluctance of people to borrow.
- Very poor banking performance: recovery rate only 16% (March 2021), average recovery under priority-sector lending only 5% over 3 years, and CD ratio just 8%, all of which constrain fresh credit flow.
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 Agatti
Agatti Island is a 7.6 km long island, situated on a coral atoll called Agatti atoll in the Union Territory of Lakshadweep, India. It is 459 km (285 mi) west of the city of Kochi.
Source: Wikipedia — Agatti Island
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