Collector P. Umanath on Tuesday released the Potential Linked Credit Plan (PLCP) for the year 2011-2012 and the first copy was received by General Manager of the Reserve Bank of India K.V. Gopal.

As per the draft Annual Credit Plan, it has been envisaged to provide Rs. 5,314 crore as advance for various sectors. For the farm sector, the advance would be Rs. 1,940 crore while non-farm sectors would get Rs. 2,324 crore and other sectors would get Rs. 1,050 crore.

Mr. Umanath asked the bankers to submit the Annual Credit Plan drafts well on schedule. The Collector also reviewed the extension of advances to priority sector loan, Prime Minister's Employment Scheme and various Central and State schemes, rural and urban employment and literacy schemes.

The Collector also asked the bankers to extend the loan link to self-help groups identified for revolving fund. He also asked for sorting out problems in opening accounts and in getting loan. Lead Bank Manager R. Nandagopal and Mahalir Thittam Project Officer M. Sundaram took part.

  • Rs. 5,314 crore to be provided as advance for various sectors
  • Bankers told to extend loan link to SHGs