Joint Collector M. Rama Rao on Monday released an annual credit plan of Rs. 5,894.85 crore for Kadapa district for 2015-16.
The credit plan is 13.46 per cent higher than the previous year’s plan of Rs. 5,195.47 crore, he said at a meeting held at the Collectorate Sabha Bhavan. The plan includes a priority sector credit outlay of Rs. 4,992.58 crore. A total credit outlay of Rs. 3,740.58 crore has been projected for agriculture and allied sectors.
The outlay for short-term crop loan disbursements is Rs. 2,736.06 crore. The credit outlay for agriculture term loans is Rs. 303.20 crore and the outlay for farm mechanisation is Rs. 235.16 crore, Mr. Rama Rao said. An investment credit of Rs. 19.60 crore has been set apart for plantation and horticulture.