The annual credit plan for 2015-2016 envisaging a credit flow of Rs. 2,915.31 crore was released here on Monday.
The credit flow includes Rs. 2,568.87 crore for agriculture and allied activities, Rs. 121.73 crore for small and medium industries and the balance Rs. 224.71 crore for other priority sector.
Releasing the plan prepared by the Karaikudi regional office of Indian Overseas Bank, the lead bank for the district, S. Ganesh, Collector, appealed to the credit would was 24.16 per cent over and above the last year’s target.
He urged bank officials to sanction loans to all eligible persons so as to improve their economic status.
The Collector also advised the borrowers to be prompt in repaying the loans .
V.S. Venkataraman, Senior Regional Manager, IOB, Karaikudi, said that credit flow for agriculture and allied sector stood at 88.12 per cent of the total outlay, followed by 4.18 per cent for the small and medium industries and 7.70 per cent for other priority sector.
