Rs 4,040.49 crore credit plan released in Karimnagar

K M Dayashankar

 

KARIMNAGAR: Collector K Shashanka on Friday released the district annual credit plan with an outlay of Rs 4,040.49 crore including an allocation of Rs 2,921.50 crore for the agriculture sector.

Releasing the credit plan at the District Consultative Committee (DCC) Bankers meeting in Karimnagar town on Friday, the Collector said that the plan had allocated Rs 1860.43 crore for crop production, maintenance and marketing, Rs 315.42 crore for agriculture term loans (investment credit), Rs 186.58 crore for agriculture allied sectors, Rs 89.59 crore for agriculture infrastructure, Rs 469.47 crore for agriculture ancillary sector.

The plan had also allocated Rs 720.38 crore for micro, small and medium enterprises. It had allocated Rs 21.60 crore for education loans, Rs 119.70 crore for housing loans, Rs 13.28 crore for social infrastructure and Rs 3.03 crore for renewable energy. In all, it had allocated Rs 3800.49 crore for the priority sector and Rs 240 crore for the non-priority sector.

On this occasion, the Collector called upon the bankers to provide loans for setting up industries for the empowerment of unemployed youth. The district CD ratio was 93.87 per cent as of March 31, 2021, with total deposits of Rs 9,954.97 crore and advances of Rs 9,344.76 crore.

Lead district manager K Laxman, NABARD DDM P Ananth SBI chief general manager Srinivas Rao, Karimnagar DCCB CEO N Satyanarayana Rao, Telangana Grameena Bank senior manager Sanjeeva Rao, District Rural development officer Srilatha Reddy, district agriculture officer V Sreedhar, MEPMA project director Ravinder, district welfare officer M Sharada and others were also present.

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