The annual credit plan for the district for the year 2013-14 envisaged a total credit flow of Rs. 2,104.92 crore.
The District Collector, S. Natarajan, released the ACP at the district-level review committee meeting of banks held here on Thursday. R. Venkatesh, AGM, Reserve Bank of India, Chennai, received the same from the Collector.
Of the total credit flow, Rs. 2,046.64 crore has been earmarked for priority sector lending. An outlay of Rs. 1,801.38 crore has been allotted for agriculture and allied activities .
For the non-farm sector an amount of Rs. 72.06 crore has been provided and for other priority sectors the allocation is Rs. 173 crore. The ACP was prepared based on the potential linked credit plan of NABARD released on January 30. Mr. Natarajan also reviewed performance of banks under schemes such as SGSY, TAHDCO, and District Industries Centre. The banking development progress for the quarter ended December 2012 was reviewed by N. Ravisankar, Deputy General Manager, NABARD, and he commended the banks for having achieved 102 per cent of the plan.
Mr. Venkatesh urged the member-banks to complete the task under financial inclusion and sent the progress report to the lead bank. N. M. Sivasamy, convener and Senior Regional Manager, Indian Overseas Bank, Samuel Inbadurai, project director, District Rural Development Agency, R. Samraj, Lead District Manager, and heads of various line departments and district coordinators of member banks participated in the meeting.