The State-Level Bankers Committee (SLBC) Puducherry has proposed a Rs.2,196.44 crore Annual Credit Plan for 2016-17 for the Union Territory.
The plan outlay for the fiscal represents a 12.21 per centage of growth over the plan outlay of the previous year.
Chief Minister V. Narayanasamy released the plan booklet and presented the first copy to Manoj Parida, Chief Secretary.
ADVERTISEMENT
Among the priority lending sectors, agriculture lending targets have been fixed at Rs. 956 crore, accounting for a 44 per cent share of the aggregate Annual Credit Plan target. Towards the creation of a sustainable agrarian income for farmers, an investment credit target of Rs. 286 crore had been fixed for banks, which worked out to 30 per cent of the net agriculture lending targets.
An amount of Rs. 670 crore has been the projected lending for crop loan disbursals for 2016-17. The share of non-farm sector is 20 per cent with Rs. 450 crore outlay and the share of services sector is set at Rs. 790 crore or a 36 per cent share of the total anticipated outlay.
ADVERTISEMENT
ADVERTISEMENT
The Chief Minister in a special address appreciated bankers for their achievement in various sectors and requested the banks to encourage women SHGs by providing loans for their empowerment and small ticket loans for livelihood activities. He also urged bankers to expedite the sanctioning of education loans to avoid multiple visits of the students to avail the facility. He also wanted bankers to adopt a sympathetic approach to farmers who turn up for assistance.
R. Subramania Kumar, Chairman, SLBC and Executive Director of Indian Bank, while addressing the quarterly review meeting of the SLBC for release of annual credit plan for the current financial year and the performance of banks for the quarter ended March, 2016, said the annual credit plan targets of 2015-16 have been surpassed by banks in the UT with an achievement of 102 per cent.