The Annual Credit Plan of the district for 2014-15, with an outlay of Rs. 7,270.21 crore, was launched by Collector S. Solomon Arokia Raj here on Tuesday. It was an increase of 12 per cent over previous year’s outlay of Rs. 6,456.58 crore.
The overall target for agriculture sector was Rs. 1,653 crore and short-term production loans (crop loans) were allotted Rs. 960 crore, which was Rs. 160 crore more than last year. Target for MSMEs is Rs. 734 crore, an increase of 19 per cent over last year.
About previous year’s credit plan, Lead District Manager B. Jaya Babu said that the district achieved Rs. 6,786.17 crore, which was 105 per cent than the target. Banks had lent Rs 1,997.38 crore to the agriculture segment, surpassing the target of Rs. 1,412.89 crore.
CEO of Zilla Praja Parishad M. Maheswara Reddy, PD of DRDA V.S.S. Srinivas, Joint Director (agriculture) C.N. Sreenivasulu, Regional Manager of AP Grameena Vikasa Bank M.S. Prasasd, DDM of NABARD Prasada Rao, Senior Manager of APVGB R. Hara Prasad, Chief Manager of Andhra Bank K.V. Ramana, Additional LDM W.V.K. Ram Kumar participated in the discussions.