The Hindu : Credit plan for Chittoor launched

Online edition of India's National Newspaper
Sunday, Mar 31, 2002

Southern States

Southern States - Andhra Pradesh

Credit plan for Chittoor launched

By Our Staff Reporter

TIRUPATI March 30. The annual credit plan for Chittoor district for 2002-03, with a total outlay of Rs.658.52 crores, was launched on Saturday by the District Collector, P.V. Satyanarayana Murthy, here.

At the district-level bankers' co-ordination committee meet held today under the aegis of Indian Bank, the lead bank of the district, the Collector, who is also the chairman of the committee, announced the the total outlay for the plan was Rs.658.52 crores, which was an increase of Rs.118.36 crores over the previous year's outlay, accounting for an increase of 21.9 per cent.

Out of this, the priority sector advances was pegged at Rs.522.46 crores -- Rs. 92.35 crores more than last year's allocation -- of which agriculture gets the lion's share of Rs. 340.17 crores for crop loans and other investment credit like minor irrigation, farm equipment, plantation and horticulture. Also, agri-allied activities like dairy, poultry, sheep rearing were given due preference. 3KR, the minor irrigation project in Kuppam, was expected to get a boost with an allocation of Rs. 30 crores to minor irrigation.

The Employment Generation Mission conceptualised recently by the district machinery had driven bankers to provide an increased allotment of Rs.95.64 crores under Services sector and Rs.40.12 crores under Industries sector to provide scope for self-employment.

V.R. Sekar, Assistant General Manager and convenor, DLCC, was also present.

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