The Annual Credit Plan for Namakkal district for 2019-11, launched by District Collector U.Sagayam, envisages more than 60 per cent of the total Rs 1,403 crores for agriculture sector.

According to a release from Indian Bank, the lead bank of the district which prepared the plan, the Fourth District Level Review Committee meeting of the bankers for the year 2009-10 was held here on Thursday.

At the meeting, the annual credit plan booklet for the year 2010-11 was released by the Collector in the presence of R.Mahadevan, Deputy General Manager, Indian Bank, Salem, M.Vijayakumar, Lead District Officer, RBI, Chennai, P.Jayakannan, Assistant General Manager, NABARD, Namakkal and T.R.Suresh, Lead District Manager, Namakkal.

The plan envisages flow of credit to the extent of about Rs.1,403 crore for priority sector.

Of this, Rs.838 crore has been allotted to Agriculture sector constituting about 60 per cent

The non-farm sector constitutes about 16 per cent amounting to Rs.228 crore and other priority sector about 24 per cent amounting to Rs.336 crore.

Listing highlights of the plan, the press release points out that the current projection to priority sector is nine per cent (Rs.115 crore) higher than the outlay for the previous year.

The allocation made for agriculture sector is Rs.71 crore more than the target fixed for the previous year.

Out of the total outlay , commercial banks' share is 75.92 per cent (Rs.1065.48 crore), co-operative banks 21.35 per cent (Rs.299.67 crore), Regional Rural Banks Rs.28.06 crore and Tamil Nadu Industrial Investment Corporation Rs. 10.28 crore.

Taking into account various development schemes implemented in the district, Rs.87.43 crore is allocated for credit-oriented Government programmes.

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