Annual Credit Plan for NTR district released
A total of Rs 33,000 crore has been allocated to the priority sector, including Rs 13,500 crore for the agriculture sector and Rs 17,000 crore for the MSME sector. Short-term crop production loans amount to Rs 11,500 crore, while agri-term loans, including infrastructure and ancillary sectors, account for Rs 5,000 crore.
Around Rs 50,500 crore has been allocated to non-priority sectors. This represents a 14% (Rs 10,500 crore) increase compared to the previous year's Annual Credit Plan. The District Level Review Committee (DLRC) and the District Consultative Committee (DCC) meeting was held at the Vijayawada Collectorate under the aegis of the District Lead Bank (LDM), where Minister Satya Kumar Yadav unveiled the Annual Credit Plan.
He emphasised the vital role of bankers in implementing Central and State welfare schemes and urged them to achieve the targets set in the Rs 83,500 crore credit plan. He urged bankers to sanction loans to eligible beneficiaries to promote economic development and to provide loans. NTR Collector G Lakshmisha requested bankers to sanction substantial loans to entrepreneurs to set up startups, stressing the need to achieve 100% targets.
Meanwhile, NABARD's Potential Linked Credit Plan (PLP) for the district has been pegged at Rs 30,048 crore.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
14 minutes ago
- Economic Times
Nifty falls 182 pts from day's high on F&O expiry; Sensex drops over 600 pts from peak
Synopsis Indian stock markets closed lower on Thursday. Both Sensex and Nifty reversed earlier gains. Investors were cautious due to weekly F&O expiry volatility. Indian equity benchmarks ended in the red on Thursday, giving up early gains, with the Nifty slipping 182 points from its intraday high of 25,587.50 amid heightened volatility on the weekly F&O expiry. The Sensex declined 610.62 points from the day's high as investors awaited clarity on a potential trade deal between U.S. and India. ADVERTISEMENT The BSE Sensex declined 170.22 points, or 0.20%, to close at 83,239.47, while the NSE Nifty slipped 48.10 points, or 0.19%, to settle at 25,405.30. (You can now subscribe to our ETMarkets WhatsApp channel) sensex todayniftytodayMarketMarket newsNifty closingSensex closing Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Deccan Herald
18 minutes ago
- Deccan Herald
Centre committed to overhaul Jharkhand's infra; will implement Rs 2 lakh cr-projects: Gadkari
He said that the Rs 36,000-crore Varanasi-Ranchi-Kolkata greenfield corridor will be completed by March 2028, while Rs 12,800-crore Ranchi-Varanasi economic corridor will be built by January 2028.
&w=3840&q=100)
Business Standard
19 minutes ago
- Business Standard
India's FY26 GDP growth likely to be 6.4-6.7% amid strong demand: CII
The Indian economy is expected to grow by 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, CII President Rajiv Memani said on Thursday. Addressing his first press conference after taking over as the CII president, Memani observed that factors including a good monsoon forecast, and enhanced liquidity emanating from the Reserve Bank's CRR cut, and interest rate reduction will support the country's economic growth. Last month, the central bank announced slashing Cash Reserve Ratio (CRR) by 100 basis points, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. Benchmark interest rate was cut by 50 basis points to 5.5 per cent. "We expect (economic growth in) a range of 6.4 to 6.7 per cent," Memani said in response to a question on CII's gross domestic growth (GDP) forecast for India during 2025-26. Observing that there are some obvious risks, he said, "a lot of these relate to external trade risk. I think a lot of them have been factored in, and also there are some upside. So hopefully they should get balanced out... From a CII standpoint, we're looking at 6.4 to 6.7 per cent growth". In a presentation, Memani said risks to growth are evenly balanced, and "geopolitical uncertainty" poses downside risks whereas "strong domestic demand" is an upside. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
