SUMMARY OF ECONOMIC SURVEY OF HIMACHAL PRADESH 2018-19 (Part I)

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The economy of the State is expected to achieve a growth rate of 7.3 percent in the current financial year 2018-19 as compared to 7.0 percent in 2016-17 and 6.5 percent for 2017-18.
The Per Capita Income at current prices witnessed a growth of 7.8 percent over 2016-17 and at constant prices (2011-12) an increase of 5.2 percent over 2016-17 Per Capita Income at current prices during 2018-19 has been estimated showing an increase of 10.1 percent against 2017-18 .
Sectoral Contribution during 2017-18: The economy has shown a shift from agriculture sector to industries and services as the percentage contribution of agriculture and allied sectors in total State Domestic Product has declined from 57.9% in 1950-51 to 8.8% in 2017-18. The share of industries and services sectors respectively has increased from 1.1 & 5.9 percent in 1950-51to 29.2 and 43.3 percent in 2017-18.

SECTOR
ACTIVITIES
% GROWTH
% CONTRIBUTION TO GSDP
Primary
1.Agriculture and Animal Husbandry
2.Forestry &Logging
3. Fishing
4. Mining & Quarrying
-1.2%
-1.4%
2.3%
9.8%
-1.0%


13.73%
Secondary
1. Manufacturing
2. Construction
3. Electricity, Gas & Water Supply
8.5%
1.1%
2.8%
6.2%

43.01%
Tertiary
1.Transport, Comm., Trade & Hotel
2.Finance and Real Estate
3.Community and Personal Services
3.7%
4.5%
20.4%
9.7%

43.26%

Banking and Finance : As per census 2011, the average population per branch in the State comes to 3,209 against National level of 11,000. Punjab National Bank (PNB) has the largest network of 338 branches followed by State Bank of India (SBI) having 329 branches, UCO bank is having 174 branches. Regional Rural Bank (RRB) sponsored by PNB namely Himachal Pradesh Gramin Bank (HPGB) having total branch network of 264, Himachal Pradesh Co-operative Bank (HPSCB) and Kangra Central Co-operative Bank (KCCB) both having 217 branches. Kangra district have highest number of 417 bank branches and Lahaul-Spiti has lowest number of 23 branches.

PRADHAN MANTRI JAN DHAN YOJANA (PMJDY): Banks in the State have covered all the households with at east one Basic Saving Deposit Account of each household. Banks have total 10.69 lakh Basic Saving Bank Deposit Accounts (BSBDA) under the scheme up to September, 2018.
PRADHAN MANTRI SURAKSHA BIMA YOJANA- (PMSBY):renewable one year accidental death cum special ability cover of `2.00lakh (`1.00 lakh for partial permanent special ability) to all the saving bank account holders in the age group of 18 to 70 years for a premium of `12.00 per annum per subscriber.
PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA- (PMJJBY) : renewable one year life cover of`2.00 lakh to all the saving bank account holders in the age group of 18 to 50 years, covering death due to any reason for a premium of `330.00 per annum per subscriber.
ATAL PENSION YOJANA (A.P.Y): Atal Pension Yojana is focused on the unorganized sector and it provides subscribers a fixed minimum pension of `1,000, `2,000,`3,000, `4,000 or `5,000 per month starting at the age of 60 years,depending on the contribution option exercised on entering at the age between 18 and 40 years. The fixed minimum pension would be guaranteed by the government if regular contribution is made for 20 years.
PRADHAN MANTRI MUDRA YOJANA (PMMY): Credit upto 10.00 lakh to the smaller of the micro enterprises mainly consist of non- farm enterprises in Manufacturing Trading and Services.
NABARD : The National Bank for Agriculture and Rural Development (NABARD) is also implementing centrally sponsored credit linked subsidy schemes of Government of India, like DairyEntrepreneurship DevelopmentSchemes (DEDS), National Livestock Mission (NLM), Agriclinics and Agribusiness centres, Agriculture Marketing Infrastructure(AMI) Scheme etc.
NABARD has established a food processing Fund with a corpus of `2,000 crore for the year 2014-15 for providing financial assistance for establishing the designated food parks and also for setting up of individual food/ agro processing units in the designated Food Parks. Cremica Mega Food Park Pvt. Ltd. Singha, Una is being established with its financial assistance.
NABARD Consultancy Services (NABCONS) is a wholly owned subsidiary promoted by National Bank for Agriculture and Rural Development (NABARD) and is engaged in providingconsultancy in all spheres of agriculture.
NABARD has been designated National Implementing Entity (NIE) for Adaptation Fund (AF), Green Climate Fund (GCF) set up under United Nation’s Framework convention on Climate Change (UNFCCC) and for ‘National Adaptatiion Fund for climate change (NAFCC) set up by the Ministry of Environment, Forests and Climate Change.

Targeted Public Distribution System(TPDS) : A network of 4,918 fair price shops. The total amilies for distribution of essential items have been divided in two categories viz.
1) National Food Security Act , 2013(NFSA) (Eligible Household)
i) Antyodaya Anna Yojana (AAY)
ii) Priority Households
2) Other than NFSA (APL)

The Steel Authority of India Ltd. has entrusted SAIL Yard at Bhattakuffar for the supply of quality steel to various Government Departments/ Boards/ Corporations, etc.

Distribution of Land Holdings in Himachal Pradesh
The average holding size is about 1.00 hectare. Distribution of land holdings according to 2010-11 Agricultural Census shows that 87.95 percent of the total holdings are of Small and Marginal farmers. About 11.71 percent of holdings are owned by Semi Medium and Medium farmers and only 0.34 percent by large farmers.

Size of
Holdings
(hect.)
Category
(Farmers)
No. of Holdings
(lakh)
Area
(lakh
hect.)
Av. size
of
Holding
(hect.)
Below 1.0
Marginal
6.70
(69.78%)
2.73
(28.63%)
0.41
1.0-2.0
Small
1.75
(18.17%)
2.44
(25.55%)
1.39
2.0-4.0
Semi
Medium
0.85
(8.84%)
2.31
(24.14%)
2.72
4.0-10.0
Medium
0.28
(2.87%)
1.57
(16.39%)
5.61
10.0-Above
Large
0.03
(0.34%)
0.51
(5.29%)
17.00

Total
9.61
9.55
1.00

Agro-climatically the State can be divided into four zones viz.:-
1) Sub Tropical, sub-mountain and low hills.
2) Sub Temperate, Sub humid mid hills.
3) Wet Temperate high hills.
4) Dry Temperate high hills and cold deserts.

Animal Husbandry: For improving the quality of sheep and wool, Government Sheep Breeding Farms at Jeori (Shimla), Sarol (Chamba), Tal (Hamirpur), and Karachham (Kinnaur) are supplying improved sheep to the breeders of the State. One Ram centre at Nagwain in District Mandi is also functioning where improved Rams are reared and supplied to breeders for cross breeding.
Angora rabbit farms are functioning at Kandwari (Kangra) and Nagwain (Mandi) for distribution of rabbits to the breeders.
One horse breeding farm at Lari in Lahaul and Spiti district has been established with the objective to preserve Spiti breed of horses. One Yak breeding farm has been also established in the premises of horse breeding farm Lari.
Dairy Entrepreneurship Development Scheme (Doodh Ganga Yojna):- has been launched in collaboration with NABARD in the State since 25th September, 2009.
SUMMARY OF ECONOMIC SURVEY OF H.P 2018-19 (Part II)

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