AP CM unveils 1.67L cr credit plan

AP CM unveils 1.67L cr credit plan
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Highlights

Chief Minister N Chandrababu Naidu unveiled the state annual credit plan with an outlay of Rs 1,66,806 crore for the year 2017-2018 registering a hike of 14.04 per cent compared to previous year at the state-level bankers meet at Velagapudi on Friday.

Amaravati: Chief Minister N Chandrababu Naidu unveiled the state annual credit plan with an outlay of Rs 1,66,806 crore for the year 2017-2018 registering a hike of 14.04 per cent compared to previous year at the state-level bankers meet at Velagapudi on Friday.

As per plan, Rs 1,26,806 crore is for planned sector and Rs 40,000 crore is allocated to non-planned sector. Of which, Rs 63,106 crore is short-term loan and Rs 6,311 crore is tenant farmers loan.


HIGHLIGHTS:

  • Rs 67,471 crore has been apportioned towards loans for agri sector
  • Tells bankers to give priority to public welfare programmes
  • Seeks their cooperation in implementing reforms in agriculture sector to double the income of farmers

Agriculture and allied agriculture loan is Rs 20,103 crore, Rs 241 crore for agriculture and basic facilities and for associated sectors Rs 4,021 crore.

Total agriculture loan is Rs 67,471 crore out of which micro loans Rs 11,122 crore, small term loans Rs 11,145 crore, medium term loans Rs 2,733 crore. Total MSME loan amount is Rs 25,000 crore. Education loans are Rs 2,155 crore, housing loans Rs 8,500 crore, social infrastructure Rs 100 crore, renewable energy Rs 100 crore, other loans in priority sector is Rs 3,300 crore and export credit Rs 180 crore.

Addressing the meeting, the Chief Minister asked the bankers to give priority for public welfare schemes. He said the government’s aim is to bring about total changes in agriculture sector. He requested the bankers to extend cooperation to implement reforms in agriculture sector with an aim of doubling the farmers’ income. Especially, priority should be given to horticulture, livestock and other agriculture allied sectors, he reiterated.

He said the government had introduced innovative technology in agriculture sector. Rain guns were introduced to overcome drought in Rayalaseema districts, he said and asked the bankers to release loans liberally to farmers. Besides, the Chief Minister also interacted with collectors of various districts through video-conference. Several officials were also present at the meeting

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