PUDUCHERRY: The Annual Credit Plan (ACP) for the Union Territory of Puducherry for the financial year 2025–26, with a projected credit outlay of Rs 12,100 crore, was released on Thursday by Indian Bank, the convenor of the State Level Bankers’ Committee (SLBC).
The plan, covering the four regions of Puducherry Puducherry, Karaikal, Mahe, and Yanam was jointly launched by Lok Sabha MP V. Vaithilingam, Rajya Sabha MP S. Selvaganabathy, Indian Bank Executive Director and SLBC Chairman Shiv Bajrang Singh, and Secretary to Government (Finance), Ashish Madhaorao More.
The ACP has been framed based on the assessed potential of various sectors and the credit performance of the previous year. A significant thrust has been placed on priority sector lending, with Rs 7,255 crore (60%) earmarked for agriculture, Rs 4,325 crore (35.73%) for Micro, Small and Medium Enterprises (MSMEs), and Rs 520 crore (4.27%) for other priority sectors.
Officials stated that the credit plan aligns with the Government of India’s focus on inclusive economic development and aims to support growth across the Union Territory.
In addition to the UT-wide ACP, block- and district-level credit plans for 2025–26 were also released by Lead District Manager Sathish Kumar during the event.
Among the dignitaries present were Anand R., Chief General Manager, NABARD; M. Rajkumar, General Manager, RBI; Chandrasekaran V. and Padmavathy Srikant, General Managers of Indian Bank; Vengata Subramanian M., SLBC Convenor; and R. V. Sidharthan, DDM, NABARD, along with officials from various banks and government departments.