District credit plan for `14,521 crore approved
Nellore: District Collector R Mutyala Raju appealed to the bankers to extend loans to the agriculture sector and for various welfare programmes of the state government. He addressed the district-level bankers committee meeting at Golden Jubilee Hall on Wednesday. Earlier, he released the District Credit Plan with Rs 14,521 crore for 2018-19 and Area Development Scheme for dairy development from 2018 to 2023.
The Collector said more loans should be sanctioned to beneficiaries this year compared to the previous year. He said credit plan was Rs 11,932 crore last year and this year the panel had proposed an outlay of Rs 14,521 crore with an excess of 32 per cent for the upcoming year. He said Rs 5,147 crore was proposed to crop loans, Rs 2,050 crore for agriculture activities, Rs 2,620 crore for MSME sector, and Rs 11,352 crore for priority sector and Rs 3,168 crore for non-priority sector. Mutyala Raju has stated they gave preference for agriculture and MSME sectors during 2018-19 and asked the officials to increase their targets accordingly.
He asked the heads of various corporations to ground the units before March 31. He asked them to purchase land under Land Purchasing Scheme and fence them. He directed the bankers to take measures for distributing various pensions on April 1 keeping the holidays in view. He also asked officials concerned to focus on 20,000 new pensions that would added from the new financial year. Lead District Manager Venkata Rao, NABARD AGM Ramesh Babu, RBI official Sridhar, DRM of Syndicate Bank Narasimha Rao and others were present.