Minister for Agriculture Prathipati Pulla Rao on Monday released the annual credit plan for the district which was pegged at Rs. 14,617.14 crore, an increase of 17.02 per cent over that of last year.
The Minister said agricultural and allied sector credit accounted for a lion’s share of the credit plan at Rs. 9,182.564 crore, followed by Rs. 1,704.39 crore for industry and Rs. 1,729.17 crore for other sectors.
Non-priority sector lending accounted for Rs. 2,001.14 crore.
Lauding the lead bank for coming out with a credit plan before March 31, the Minister said aqua industry had been doing well and added that agricultural sector, too, should turn out to be profitable for farmers. In-charge Collector Ch. Sridhar, Andhra Bank Deputy General Manager C. Girish Kumar and Nabard AGM A.V Bhavani Shankar were present.