Final draft of Annual Credit Plan released

The Collector R. Palaniyandi released final draft of Annual Credit Plan for 2006-07, at the 73rd District Consultative Committee (DCC) meeting for banks convened by State Bank of India (lead bank), here on Wednesday. The tentative figures of the ACP were released on May 31.

The plan envisaged a total credit flow of Rs.1,267.74 crore in the district during the current fiscal, an increase of 11.32 per cent over the previous financial year.

Of this, the estimated credit flow to agricultural sector stands at Rs.637.45 crore, occupying a lion's share of 50.28 per cent. The credit flow to non-farm sector and other priorities sector stands at Rs.300.67 crore (23.72 per cent) and Rs.329.62 crore (26 per cent) respectively.

Later, Dr. Palaniyandi reviewed the performance of the banks in the districts during the current fiscal till July 31.

He said that banks had given direct assistance (without any subsidy component) to the tune of Rs.908.46 lakh to 1,369 groups till July 31.

"During the same period last fiscal, 1,143 groups were credit linked directly to the tune of Rs.1,083.5 lakh."

Under the Swarnajayanthi Grama Swarozgar Yojana, revolving fund assistance was disbursed to 859 beneficiaries between April 1 and July 31 this fiscal.

Similarly, economic assistance was provided to 23 groups by the banks under the SGSY.

A total of 1,390 rural poor received subsidy-linked loans for the construction of houses during the current financial year.

Dr. Palaniyandi said that 46 Swarozgar Credit Cards were distributed till July 31 with a credit limit of Rs.204.43 lakh.

"In the same period, 3,822 Kissan Credit Cards were distributed with an overall credit limit of Rs.14.41 crore," he said.

A. Desingu, Lead Bank Manager, Bharat Kumar, Assistant General Manager, NABARD, and senior bank officials were present.

Source : The Hindu