District bankers committee approve annual credit plan

Kadapa: The YSR Kadapa district bankers consultative committee, headed by the district collector Sasibhusan Kumar, today approved the annual credit plan with an outlay of Rs 2,900 crores, an increase of 18.37 per cent over Rs 2,450 crore of 2010-11.

The district collector congratulated all the bankers for achieving the credit targets in the year 2010-11. He pointed out that for the first time in the district, Rs 1143 crore disbursement was disbursed as loans for priority sector and he added that total disbursement has crossed Rs 2000 crore for the first time in the district history.

In the year 2010-11, crop loans’ target of Rs 1077 crore was surpassed and disbursed 1143 crore, he explained. In 2010-11, an amount of Rs 1143 crore was disbursed against the target of Rs 1077 crore, he said. The bankers have achieved both khareef and rabi targets individually, he added.