Anantapur releases annual credit plan


Agri outlay pegged at โ‚น10,600 crore out of the combined plan of โ‚น17,110 crore

The primary sector annual credit plan released by the Anantapur district administration on Thursday has projected agriculture credit outlay at โ‚น10,600 crore out of the combined plan of โ‚น17,110 crore.

District Collector Gandham Chandrudu, NABARD District Manager Usha Madhusudhan, and Lead Bank District Manager Mohan Murali formally launched the credit plan on Thursday.

The credit plan provides for โ‚น20 crore each only for educational loans, and Export Credit, while the MSME sector is proposed to be supported to an extent of โ‚น3,250 crore.

Out of the total Primary Sector Lending of โ‚น15.010 crore, other allocations include โ‚น130 crore for the renewable energy sector, โ‚น67 crore for social infrastructure, and โ‚น923 crore for housing. In the non-primary sector lending, the banks will lend to an extent of โ‚น2,100 crore.

Under the โ‚น10,600 crore agriculture sector lending, the lionโ€™s share of โ‚น8,747 crore goes for short-term loans, โ‚น1,440 crore for long-term agriculture loans, โ‚น188 crore for agricultural infrastructure, and โ‚น217 crore for ancillary activities.

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