Collector S. Natarajan released the Annual Credit Plan
(ACP) of Rs. 3,149.58 crore for the district by the nationalised and
private banks for the year 2016-17 for Agriculture and allied
activities, non farm and other priority sectors
The
Collector, who chaired the bankers’ meeting here on Tuesday, released
the ACP, prepared by Indian Overseas Bank (IOB), the lead bank of the
district on the basis of potential linked credit plan of National Bank
for Agriculture and Rural Development (NABARD).
“The
plan envisages a total outlay of Rs. 3,149.58 crore allocated to various
sectors and each bank has been given a target. The outlay marked an
increase of 17.54 per cent over last year’s ACP target,” the Collector
said.
Uma Maheswari, Chief Regional Manager of IOB,
Tuticorin, Mathiazhagan, Assistant General Manager, NABARD and Suresh
Babu, the Lead Bank Manager were present on the occasion.
As
the district was predominantly agriculture based, Agriculture and
allied sector topped the credit target amounting to Rs. 2,139.69 crore
(67.94 per cent).
Export credit, renewable energy and social infrastructure were also given separate targets this year, the Collector said.
According
to the plan, the credit for housing has been fixed at Rs. 272 crore,
followed by Education (Rs. 270 crore) and Micro, Small and Medium
Enterprises (Rs. 150.48 crore). A credit of Rs. 47.02 crore has been
fixed for social infrastructure and a total of Rs. 224.05 crore for
other priority sectors.
Source : The Hindu
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