The Annual Credit Plan (ACP) for 2010-2011 for the Nilgiris district was launched by the District Revenue Officer, S. Kuppusamy, here on Wednesday.

The Regional Manager, Canara Bank, Thangavelu, received the first copy.

Addressing the gathering, Mr. Kuppusamy said that the ACP target was Rs. 737 crore.

The ACP figure was 104.9 per cent of the Potential-Linked Credit Plan (PLP) of the National Bank for Agriculture and Rural Development (NABARD) for the year 2009-10.

The Lead District Manager, S. Natarajan, said that apart from taking into account the PLP, the past performance of the district and the projections made by individual bank branches had been taken into consideration.

Accordingly the lion's share of Rs. 440.98 crore had been allocated for agriculture and allied activities.

While Rs. 143.62 crore will flow to the non-farm sector, other priority sectors will get Rs. 152.40 crore.

In her message, the Nilgiris Collector, Archana Patnaik, congratulated the bankers for their excellent performance under priority sector lending and other government sponsored programmes.

Expressing the hope that the bankers would strive hard to achieve the ACP and even surpass the targets, the Collector assured the full cooperation of the district administration in taking the plan forward and in implementing development schemes and government programmes.

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