The Annual Credit Plan (ACP) for the district for 2010-11 envisages an increase of 12 per cent outlay compared to the ACP of the previous fiscal.
The outlay of Rs. 4,080 crore for 2009-10 has been raised to Rs. 4,550 crore for the fiscal 2010-11.
The ACP was released by Collector P. Umanath and the first copy was received by Assistant General Manager of Reserve Bank of India, Chennai, V.K. Satheesh Kumar. Agriculture and allied sector that had an allocation of Rs. 1,428 crore during the previous year i.e., 2009-10 has witnessed a 12.04 per cent increase this year envisaging an allocation of Rs. 1,600 crore.
Similarly, the Small and Medium Enterprises had seen an increase in allocation by 14.92 per cent by allocating Rs 2,010 crore as against the Rs 1,749 crore allocated in 2009-10.
There is also a 4.10 per cent increase in Other Priority Sector (OPS) with the Rs. 903 crore allocations in 2009-10 going up to Rs. 940 crore for the period 2010-11. Dr. Umanath exhorted the bankers to continue the good work and sustain an average achievement rate throughout the four quarters of the fiscal focusing on all identified sectors.
He also pointed out that there had been a consistent achievement rate ranging from 100.20 per cent to 102.40 per cent. The achievement figures for the last quarter of 2009-10 were still awaited and 2008-09 witnessed 101 per cent achievement, he added.
MLAs M.N. Kandasamy (Thondamuthur) and Kovai Thangam (Valparai), Deputy General Manager of Canara Bank, C.K. Venkateswaran, AGM of NABARD V. Suresh, District Manager of Lead Bank R. Nandagopal, Project Officer of Mahalir Thittam M. Sundaram took part.
