Annual Credit Plan for 2008-09 Released

District Collector V. Palanikumar (third right) releasing the Annual Credit Plan for 2008-09 in Coimbatore on Wednesday. Deputy General Manager of Canara Bank Lalitha Lakshmanan (second left) is receiving the first copy. The District Collector, V. Palanikumar on Thursday launched the Annual Credit Plan (ACP) for the fiscal year 2008-2009 with a plan outlay of Rs. 6,755 crores with an absolute increase of Rs. 708.15 crores i.e., over 11.71 per cent over the previous years.’ plan allocation of Rs. 6,046 crore.

Plan outlay of Rs. 6,755 crores with an absolute increase of Rs. 708.15 crores i.e., over 11.71 per cent over the previous years

The plan matches with the potential-linked plan prepared by the National Bank for Agricultural and Rural Development (NABARD) for the year 2008-2009 to an extent of 101.71 per cent. The ACP for Coimbatore has the highest outlay among all the districts and the district continues to be number one in the State. The sector wise allocation are as follows: Agriculture had been given Rs. 1,800 crores registering 11.93 per cent increase with Rs. 192 crore more than the previous year’s plan outlay of Rs. 1,60 crore.

Small Scale Industries had been allocated Rs. 3,950 crore registering 12.26 per cent increase which was Rs. 332 crore more than the previous year’s plan of Rs. 3,158 crore. Other Priority Sector (OPS) had been allocated Rs. 1,005 crore registering a 9.20 per cent increase which was Rs. 85 crore more than the previous year’s plan of Rs. 920 crore. Mr.Palanikumar said that under agriculture sector, thrust would be given for hi-tech agriculture like cut flower cultivation under poly house condition, agriculture bio-tech projects, cold storage, rural stockyards for agricultural produces and inputs and minor irrigation. With the district being Small Scale Industries sensitive, SSI would be given more thrust. Under other priority sector lending, more thrust would be given for SHG, lending, housing and educational loans. Collector appealed to the stakeholders such as bankers, line departments and other development departments to co-ordinate and help in implementing the plan successfully.

28.03.2008.

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