Latest news with #DistrictConsultativeCommittee
Hans India
5 days ago
- Business
- Hans India
District Credit Plan 2025–26 Unveiled: ₹6,472.29 Crores Allocated to Boost Agriculture, MSMEs, and Priority Sectors in Jogulamba Gadwal
Gadwall: District Collector B.M. Santosh has unveiled the District Annual Credit Plan for 2025–26, setting a comprehensive loan target of ₹6,472.29 crores, and instructed banks to ensure prompt and wide-ranging loan disbursement, especially to farmers under crop and allied sector schemes. The announcement came during the District Consultative Committee (DCC) / District Level Review Committee (DLRC) meeting held on Thursday at the Conference Hall of the Collectorate. The session brought together key banking officials and representatives from various departments to coordinate credit deployment in alignment with district-level priorities. Speaking at the meeting, Collector Santosh emphasized the importance of adhering to the stipulated loan targets and urged banks to actively extend crop loans, employment unit loans, loans to micro and small enterprises (MSMEs), educational loans, housing loans, and other priority sector advances to eligible underprivileged populations. He particularly stressed on accelerating the sanctioning of crop loans and agricultural infrastructure loans, such as those for food processing units, warehouses, and cold storage facilities—all vital to strengthening the agri economy. To boost farmers' awareness about available credit options, the Collector proposed that awareness campaigns be held in all village-level Rythu Vedikas (Farmer Platforms) in collaboration with agricultural officers and bank staff. He also announced that a district-level awareness program on bank loans for farmers would be conducted at the Collectorate in the first week of July. PMFME Subsidy Disbursement & Loan Clearance for Small Businesses Under the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) scheme, the Collector directed bankers to immediately release the 35% subsidy amounting to ₹27.60 lakhs for 18 sanctioned units in the district. He also called for the speedy verification and resolution of pending loan applications from small business units, ensuring entrepreneurs are not held up due to delays. Educational & Housing Loan Focus Highlighting the need for balanced development, the Collector urged banks to demonstrate significant progress in the sanctioning of education and housing loans, areas where he felt more work needed to be done. He directed all banks to take necessary action to ensure at least 75% of overall targets across all sectors are achieved. Sector-wise Allocation in the 2025–26 Credit Plan Unveiling the district's credit plan for the year, Collector Santosh detailed the sectoral allocations as follows: Agriculture and Allied Activities: ₹4,945.14 crores Micro, Small & Medium Enterprises (MSMEs): ₹606 crores Other Priority Sectors: ₹192.84 crores Education Loans: ₹16.80 crores Housing Loans: ₹124.22 crores He mentioned that this year's target marks an increase of ₹1,221.21 crores over the previous year, signaling a strong push for inclusive credit growth. Officials in Attendance The meeting saw the presence of Additional Collector Narsing Rao, Lead District Manager (LDM) Srinivasa Rao, NABARD District Development Manager Manohar Reddy, RBI ATM Chetan, GM of Industries Ramalingeshwar Goud, along with representatives from various government departments and bank managers. The coordinated effort reflects the district administration's commitment to ensuring credit flow to key development sectors and promoting financial inclusion.
The Hindu
22-06-2025
- Business
- The Hindu
Poojary asks banks to lend for creation of self-employment
Kota Srinivas Poojary, Udupi-Chikkamagalur MP, has asked banks to give priority for lending to schemes like Pradhan Mantri Mudra Yojana (PMMY) to create more self-employment. Speaking at the District Consultative Committee and District Level Review Committee meeting for banking development in Udupi on Saturday Mr. Poojary said economy grew when more people are self-employed. The MP asked banks to instruct its employees to speak with customers in Kannada at branches. If no Kannada speaking officials are posted, it should ensure that Kannada knowing employees are deputed from other branches to deal with customers in Kannada. Mr. Poojary said that while lending under PM Vishwakarma Yojana, Udupi district secured second position in Karnataka. Efforts should be made to take the district to the top position as prominent nationalised banks took birth in the coastal belt. He said that under the Union and State government schemes, financial assistance and benefits should reach the common people without any inconvenience being caused at the banks. More people should be enrolled under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), which are the social security schemes, he said. Any problems faced while providing financial assistance should be resolved promptly to ensure achievement of the set targets, he told bankers. According to the statistics placed by the lead bank in the meeting, Udupi district achieved 86.28 % of its agriculture credit target during 2024-25. When it came to lending to the MSME sector, 91.08 % of the target was achieved in the last financial year. The data showed that the district achieved 95.50 % target in advancing to education and 85.37 % progress in lending to housing sector. The Chief Executive Officer of Udupi Zilla Panchayat Prateek Bayal participating in the meeting said that lending to priority sector, as per RBI guidelines, needs to be increased. Women from self-help groups seeking financial help to start small businesses should be encouraged. ''They should be given proper guidance about the schemes and documents needed, and no application should be rejected by the banks,' he said.
Hans India
07-06-2025
- Business
- Hans India
Development through focus on priority sectors: JC
Rajamahendravaram: East Godavari Joint Collector S Chinna Ramudu stressed the need for holistic development by focusing on priority sectors and encouraging aspiring entrepreneurs, aligning with the State government's vision. He made these remarks while presiding over the District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting held at the Collectorate on Friday. The meeting also marked the launch of the Annual Credit Plan for 2025–26 and the first quarterly review of the current financial year. Reviewing last year's achievements, the Joint Collector stated that notable progress was recorded across banking and development schemes. 'In the agricultural sector, the district achieved 120% of the set target, while in other priority sectors, 113% of the goal was met,' he said, noting that East Godavari had outperformed the previous financial year. Special attention was given to financial support for Self-Help Groups (SHGs). For FY 2025–26, the district has set a target of disbursing Rs 820 crore in loans to 1,36,618 farmers. Additionally, loans amounting to Rs 863 crore under the MUDRA scheme and Rs 269 crore for the animal husbandry sector have been planned. Officials noted that surveys are being conducted to identify viable livelihood sectors for women SHGs under a real-time framework, enabling banks to extend financial assistance accordingly. The Joint Collector also stressed the importance of loan disbursement for grounding PM Surya Ghar solar units. He urged bankers to take the initiative, noting that beneficiaries from socially disadvantaged groups can avail subsidies under the scheme. 'This is one of the top-priority programmes of the Central Government,' he added. Deputy Regional Head of Union Bank A Manoj, NABARD DDM Chakradhar Ravuri, LDM DV Prasad, along with other district officials and bankers, were present at the meeting.
The Hindu
28-05-2025
- Business
- The Hindu
Chittoor earmarks ₹17,809 crore Annual Credit Plan for 2025-26
District Collector Sumit Kumar on Wednesday unveiled the Annual Credit Plan (ACP) for the financial year 2025–26 with a total outlay of ₹17,809 crore prioritising financial assistance to boost the integrated development of the district across key sectors. Releasing the ACP booklet during the District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting at the Collectorate here, the Collector highlighted the importance of ensuring prompt disbursal of loans to the farming sector and entrepreneurs. The Collector said that of the total credit plan, agriculture and allied activities will get the lion's share with ₹12,195.27 crore, constituting 68.4% of the lending. 'This major share will benefit about 6.38 lakh farmers and landless farm workers,' he said. The Micro, Small, and Medium Enterprises (MSME) sector will receive ₹2,216.07 crore (12.44%), while other priority sectors will be provided with ₹220.81 crore. 'Commercial banks will shoulder ₹11,843.43 crore, which forms 66.5% of the integrated plan. The Andhra Pradesh Grameena Vikas Bank has been earmarked with ₹4,594.28 crore (25.79%), and the District Cooperative Central Bank (DCCB) will get a share of ₹1,233.59 crore (6.9%) and Small Finance Banks at ₹138.07 crore (0.77%),' the Collector said. Mr. Kumar directed the banks to liberally support initiatives implemented by both Central and State governments such as Stand Up India, Pradhan Mantri Suraksha Bima Yojana, and Pradhan Mantri Jeevan Jyoti Bima Yojana. He asked the banks to reach the targets set under each scheme within the timeframe, mainly for the benefit of farmers seeking crop loans, and to the dairy and poultry sectors, and the MSMEs. Mr. Kumar said that facilitating access to credit without delays would be an essential gesture for rural economic growth and inclusive development. Representatives from the Reserve Bank of India led by Rohit Agarwal, NABARD Divisional Manager Sunil, LDM Harish, and senior officials from the Agriculture and allied departments were present.
New Indian Express
14-05-2025
- Business
- New Indian Express
Annual Credit Plan for NTR district released
VIJAYAWADA: The Annual Credit Plan of NTR District for the 2025-2026 fiscal year was released by District In-charge Minister Satya Kumar Yadav and District Collector G Lakshmisha on Tuesday in Vijayawada, targeting loan disbursements worth Rs 83,500 crore. 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.
