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Rs.12,150 crore annual credit plan released

Covai Post Network


District Collector Archana Patnaik on Wednesday released the Annual Credit Plan for 2015-16, which envisages a credit outlay of Rs.12,150 crore, considered the highest among all the districts in Tamil Nadu.

Releasing the booklet, Ms. Patnaik said that the credit plan had an 18.81 per cent increase over the plan of Rs.10,226 crore of last year, an increase of Rs.1,924 crore.

The agricultural and allied sectors had been allotted Rs.5,127 crore, an increase of 18 per cent, while non-farm sector (MSME) received Rs.5,028 crore, an increase of 21 per cent over last year, she said.

The Other Priority Sector had been earmarked for Rs.1,995 crore, Archana said.

The first copy of the booklet, which contained all the details of the Bank Branches in the district and prepared by NABARD, was received by S. Krishnan, General Manager, Canara Bank.

The Collector appreciated the bankers for their excellent performance in the last year and expressed hope to continue the same during this year also.

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