₹6,982-cr credit plan outlay for Madurai district

Our Correspondent Madurai | Updated on November 04, 2014 Published on November 04, 2014

District Collector L Subramanian launched the Potential Linked Credit Plan (PLP) for the 2015-16 fiscal envisaging a total outlay of ₹6,982 crore for Madurai district. The plan was launched at a meeting of the standing committee of bankers held in the District Collectorate here recently.

The credit plan, prepared by the National Bank for Agriculture and Rural Development, has projected the share of crop loans at ₹2,374 crore and term-lending in agriculture at ₹1,638 crore, forming constituting 57 per cent of the total outlay.

The allocation for MSME sector is at ₹1,338 croreand “Other Priority Sector” lending at ₹1,632 crore, for housing loans, education loans, consumption loans, loans to traders and small road transport operators. It has come up with a Model Integrated Dairy Development project encompassing a whole gamut of activities having synergy with dairy development.

Published on November 04, 2014
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