Coimbatore highest among all districts
Canara Bank, SBI and IOB take major shareCoimbatore: The Annual Credit Plan (ACP) for Coimbatore district for 2007-08 envisages a total credit outlay of Rs. 6,046.85 crore, considered the highest among all districts in the State.Collector Neeraj Mittal released the plan at the meeting of the District Consultative Committee on Banking Development on 27.03.2007.Mr. Mittal said the credit plan had an 18.79 per cent increase over the 2006-07 plan of Rs. 5,090.25 crore i.e., an increase of over Rs. 950 crore.He said Coimbatore district was a confluence of both agriculture and industrial activities besides buzzing activities in the service sector also.
The agriculture and allied sectors had been given Rs. 1,608.14 crore which amounted to an increase of 18.02 per cent over the 2006-07 plan of Rs. 1,362.65 crore, non-farm sector i.e., small-scale industries had been given Rs. 3,518.34 crore which was 17.25 per cent over the 2006-07 plan which had an allocation of Rs. 3,000.65 crore.In the other priority sector, the allocation of Rs. 726.95 crore in 2006-07 had been increased by 26.61 per cent by allocating Rs. 920.37 crore in the plan for 2007-08. Canara Bank, State Bank of India and Indian Overseas Bank take the major share of the credit plan. The plan matches with the potential linked plan of NABARD to an extent of 102 per cent, Mr. Mittal said.
K.A. Ramankutty, Assistant General Manager of the Reserve Bank of India, the Project Officer of District Rural Development Agency, T. Murugan, Assistant General Manager of Canara Bank (District Lead Bank), S. Arumugam, Assistant General Manager of National Bank for Agriculture and Rural Development (NABARD), V. Suresh, and the Lead District Manager, P.T. Kalaiselvan took part in the meeting.
