Faridkotਫ਼ਰੀਦਕੋਟ
6.18 lakh people. Larger than Malta, the Maldives, or Brunei. Governed as one cell of one state.
- Population
- 6,17,508 (6.18 lakh)
- Area
- 1,458 km²
- Headquarters
- Faridkot
- Established
- 1972
₹5,293 cr
of bankable business potential identified by the government in Faridkot.
Source: NABARD PLP 2023-24
Opportunities
What you can build here
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NABARD's plan for Faridkot · PLP 2023-24
₹5,293 crof bankable credit potential identified by the government
Crop production, maintenance & marketing
₹2,410 cr
MSME
₹999 cr
Term loans for agriculture & allied activities
₹763 cr
Ancillary activities (incl. food & agro processing)
₹678 cr
Faridkot's NABARD credit plan for 2023-24 sizes up about ₹5,293 crore of lending potential across the district. Farming and its allied lines make up the bulk at ₹4,012 crore (roughly 76%), while small businesses (MSME) account for ₹999 crore (about 19%) and the rest sits in housing, education, and social infrastructure.
The biggest single opportunity is everyday crop finance for wheat, paddy and cotton at ₹2,410 crore — these three crops fill about 70% of the sown land and rely on strong canal irrigation from the Rajasthan and Sirhind feeders. On the investment side, dairy stands out at ₹252 crore (backed by ~93,000 buffaloes and 230 milk cooperatives), followed by farm machinery at ₹209 crore. Food and agro processing offers ₹200 crore, building on the district's 110 food units, rice mills and milk-chilling plants around Faridkot, Kotkapura and Jaito. There is also room in horticulture (₹61 crore) and fisheries (₹20 crore), where new cooperative societies could form in Faridkot block.
The plan flags real hurdles: the credit-deposit ratio is falling and long-term investment lending is thin, most money still goes out as short-term crop loans, and banks hesitate to lend to self-help and joint-liability groups over small loan sizes and NPA fears. Faridkot is also industrially backward, so the PLP pushes for more small food-processing units to create jobs, and warns that poor groundwater and soil health are dragging on credit growth.
What the plan promotes
- Wheat, paddy and cotton are the major crops, covering about 70% of the sown area across Faridkot, Kotkapura and Jaito blocks; 2019-20 output was wheat 6,96,000 MT, paddy 4,36,000 MT and cotton 7,100 MT
- Crop production, maintenance and marketing is the single biggest opportunity at ₹2,409.55 crore, backed by ~96% canal irrigation from the Rajasthan feeder and Sirhind feeder
- Dairy leads allied-sector term lending at ₹252.23 crore (buffalo population ~93,000; 230 dairy cooperative societies), with poultry ₹50.93 crore and sheep-goat-piggery ₹49.75 crore
- Farm mechanisation potential of ₹208.5 crore, supported by 15,842 tractors and 92 farmers' clubs in the district
- Food and agro processing pegged at ₹200.38 crore; existing base includes 110 food units, 12 rice husk mills and 4 milk chilling/cooling units (85,000 MT capacity)
- MSME credit potential of ₹999.38 crore (₹534.38 crore term + ₹465 crore working capital); PLP calls for more micro/small food-processing units since the district is industrially backward
Gaps the plan names
- CD ratio is on a downward trend (99% in 2019-20 falling to 84% by Mar-2022) and capital formation is not happening in the desired quantum, with most financing done through KCC crop loans rather than investment credit
- Perceptible decline in disbursement under MSME and Other Priority Sector, which risks fewer employment opportunities and keeps the workforce dependent on agriculture
- Banks are reluctant to extend credit to SHGs/JLGs because of low ticket size, fear of rising NPAs, and stamp duty plus service-area issues, slowing financial-inclusion programmes
- District is industrially backward, so more micro/small food-processing units are needed to create local employment
- Poor quality of ground irrigation water, sand dunes, declining ground water from over-exploitation, and degraded soil fertility inhibit growth in ground-level credit
See the plan's recommendations
What the plan promotes
- Wheat, paddy and cotton are the major crops, covering about 70% of the sown area across Faridkot, Kotkapura and Jaito blocks; 2019-20 output was wheat 6,96,000 MT, paddy 4,36,000 MT and cotton 7,100 MT
- Crop production, maintenance and marketing is the single biggest opportunity at ₹2,409.55 crore, backed by ~96% canal irrigation from the Rajasthan feeder and Sirhind feeder
- Dairy leads allied-sector term lending at ₹252.23 crore (buffalo population ~93,000; 230 dairy cooperative societies), with poultry ₹50.93 crore and sheep-goat-piggery ₹49.75 crore
- Farm mechanisation potential of ₹208.5 crore, supported by 15,842 tractors and 92 farmers' clubs in the district
- Food and agro processing pegged at ₹200.38 crore; existing base includes 110 food units, 12 rice husk mills and 4 milk chilling/cooling units (85,000 MT capacity)
- MSME credit potential of ₹999.38 crore (₹534.38 crore term + ₹465 crore working capital); PLP calls for more micro/small food-processing units since the district is industrially backward
Gaps the plan names
- CD ratio is on a downward trend (99% in 2019-20 falling to 84% by Mar-2022) and capital formation is not happening in the desired quantum, with most financing done through KCC crop loans rather than investment credit
- Perceptible decline in disbursement under MSME and Other Priority Sector, which risks fewer employment opportunities and keeps the workforce dependent on agriculture
- Banks are reluctant to extend credit to SHGs/JLGs because of low ticket size, fear of rising NPAs, and stamp duty plus service-area issues, slowing financial-inclusion programmes
- District is industrially backward, so more micro/small food-processing units are needed to create local employment
- Poor quality of ground irrigation water, sand dunes, declining ground water from over-exploitation, and degraded soil fertility inhibit growth in ground-level credit
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 Faridkot
Faridkot district is a district lying in the South-Western part of Punjab, India with Faridkot city as the district headquarters.
Source: Wikipedia — Faridkot district
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