Rs 11,936-Crore Credit Plan for Krishna Dist

Published: 26th April 2015 06:04 AM  |   Last Updated: 26th April 2015 06:04 AM   |  A+A-

VIJAYAWADA:District collector Babu A has said that the district credit plan for 2015-16 has been prepared with Rs 11,936 crore.

Speaking at a district-level meeting with the officials at his camp office here Saturday, he said that the district credit plan for 2015-16 had a total credit outlay of Rs 9,393.65 crore in the priority sector and this year plan was 18 per cent more than the last year’s target.

“About Rs 2,542.42 crore was earmarked for non-priority sector and the allocation to agriculture and allied activities it was Rs 5,997.24 crore.

“About 7.4 lakh  farmers, tenant farmers and agricultural labourers will be assisted in this sector and the investment credit to agriculture is planned at Rs 1,679.31 crore for growth rate in the agriculture sector,” he said.

The collector said that the allocation to non-farm sector including MSME sector was Rs 1,311 crore, which works out to 13.96 per cent of the priority sector outlay.

“We are going to distribute pensions to 25,000 beneficiaries in the district through multi channel single account model by the correspondents of SBI, Andhra Bank and Canara Bank on pilot basis,” he said.

Expressing displeasure at the lethargic attitude of bank managements in distributing pensions through the new method, he asked the correspondents of  banks to submit a report regarding the issue.

Joint collector Gandham Chandrudu, DRDA PD D Chandrasekhar Raju, RBI DGM ASV Kameswara Rao and others were present.

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