The annual credit plan for Adilabad district for the year 2018-19, with an outlay of ₹2,22 crore was launched late on Wednesday by Collector D. Divya. The outlay shows an increase of nearly 13.5 % over last year’s ₹2,134.83 crore.
The lending in priority sector has also gone up by almost a similar percentage. Say, if the lending was ₹1,909 crore last year, it is ₹2,165.2 this year. Crop loans as usual take a lion’s share in the outlay with ₹1,473. 9 which is an increase of ₹145.37 crore over last year’s ₹1,328.5 crore. This is an increase of about 11% over last year.
Agriculture term loans and allied activities have been apportioned ₹363.5 crore and an increase of about ₹58 crore over last year’s about ₹305 crore. Over ₹172 crore have been issued by banks so far against RBS cheques.
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Joint Collector G. Sandhya Rani, Lead District Manager J.V.S.R.K. Prasad and District Agriculture Officer Asha Kumari were present during launch of the credit plan.