NABARD Credit Plan for UT Pegged at Rs 2,474.73 Crore

Published: 29th November 2015 03:18 AM  |   Last Updated: 29th November 2015 03:18 AM   |  A+A-

PUDUCHERRY: The National Agricultural and Rural Development Bank (NABARD) has pegged the potential-linked credit plan outlay for 2016-17 for Puducherry at `2,474.73 crore of which 44 per cent has been earmarked for agriculture, 20 per cent for MSME, 4 per cent for export credit, 2 per cent for education and 5 per cent for housing.

Venkateswara Rao, Chief General Manager, NABARD Chennai revealed the highlights of the plan for the UT of Puducherry and released the plan booklet.

The decision on the plan outlay was taken at the third meeting of the State Level Bankers’ Committee (SLBC) for the year 2015-16, which was held here to review the performance of banks.

The meeting discussed the modalities for assessing the potentials for activities under the priority sector and also the action points to be taken by the stakeholders for achieving the estimated potential for the Union Territory.

General Manager of Reserve Bank of India (RBI), Sanjeev Singha, participated in the meeting and congratulated the banks for their performance in various sector especially financial inclusion and appreciated the mutual co-operation between the government and banks to ensure the welfare of the State.

R Manimaran, General Manager, Indian Bank, informed the members of the recent developments in global and national economies. He highlighted the notable achievements and pointed to the salient features of the Pradhan Mantri Jan Dhan Yojna (PMJDY), Pradhan Mantri Mudra Yojana (PMMY), and social security schemes.

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