The State Level Bankers’ Committee (SLBC), which met here on Thursday, released the annual credit plan for 2016-17 with an outlay of Rs. 1.65 lakh crore. Of this, Rs. 83,003 crore has been earmarked for agriculture and allied activities. The projections for micro, small and medium enterprises are R. 17,355 crore. The export credit projections are Rs.180 crore and non-priority sector lending is Rs. 40,000 crore.
The outlay for agriculture sector is increased by 27 per cent over last year’s target of Rs. 65,272 crore. It is also a 10 per cent increase over last year’s achievement of Rs. 75,448 crore.
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The annual credit plan gave a major thrust for dairy development with a credit projection of Rs. 5,536 crore. An amount of Rs. 1,299 crore is allocated for poultry, Rs. 1,713 crore for fisheries development, Rs.1,233 crore for other livestock like sheep, goat and pigs. The plan for agriculture infrastructure and ancillary activities is Rs. 983 crore. The credit outlay for these sectors is apparently in tune with the State government’s ambitious plans to develop dairy, fisheries, sheep rearing etc.
The projections for self-help groups (SHGs) are Rs. 11,730 crore. Of this, Rs. 11,405 crore is for rural SHGs and Rs. 325 crore for urban SHGs. An amount of Rs. 12,000 crore is earmarked for housing sector including Rs. 7,340 crore covered under PMAY. An amount of Rs. 2,155 crore is projected towards education loans.
The State credit plan is in excess of projections made in State focus paper of NABARD 2016-17. The outlay for agriculture sector is Rs. 78,822 crore in NABARD focus, while it is Rs 83,003 crore in State credit plan. The priority sector lending was pegged at Rs. 1,21,765 crore in NABARD paper. However, the outlay is Rs. 1,25,538 crore in the credit plan.
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The total priority sector lending achievement is Rs. 1.04 lakh crore as against target of Rs. 96,920 crore. Likewise, the non-priority sector lending stood at Rs. 39,928 crore as against target of Rs. 28,828 crore.
Chief Minister N. Chandrababu Naidu released the credit plan. Andhra Bank managing director and CEO Suresh N Patel was present.
It is in excess of projections made in State focus paper of NABARD