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News Update as at 18.00 hrs (IST)


Govt/States
Annual credit plan for Madurai hiked

MADURAI: The annual credit plan for agriculture and allied activities for the district this year has been increased to Rs.898.24 crore as against Rs.749.45 crore last year. The outlay to the total priority sector had been increased by Rs.255.04 crore and fixed at Rs.1480.70 crore, according to the document released by District Collector Mr S.S.Jawahar.

A release here on Friday said the Collector urged the bankers to gear up for disbursing farm loans, as water would be released as per schedule from the Vaigai Dam for the next season. He said some blocks were being neglected and hoped bankers would make proactive and additional efforts to reach the unreachable.

The Project Officer Mr Anshul Mirshra reviewed the performance of various banks in disbursement of credit under government schemes. He requested the bankers to ensure that cases of economic assistance or revolved funds were disbursed within 50 days.

Mr R.Srinivasan, Assistant General Manager, National Bank for Agriculture and Rural Development (NABARD), said the overall performance was satisfactory. - PTI

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