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Tamil Nadu
Rs.557.44 cr. plan for Tiruvarur
Special Correspondent
TIRUVARUR: The annual credit plan (ACP) for the district for 2008-2009 envisages a credit flow of Rs.557.44 crore.
The plan was released by Collector M. Chandrasekaran at a bankers’ meeting held here on Wednesday.
The Collector said the credit flow for agriculture was envisaged at Rs.429.95 crore, for non-farm sector Rs.16.89 crore and priority sector Rs.110.60 crore. Agriculture got Rs.77.81 crore more compared to last year, the non-farm sector Rs.4.68 crore more and priority sector Rs.18.69 crore more.
The share of commercial banks in the credit flow was Rs.507.40 crore, which worked out to 91.08 per cent and the share of co-operative banks was Rs.49.74 crore, which was 8.92 per cent.
R. Muthusamy, Chief Regional Manager, Indian Overseas Bank, the lead bank of the district, said deposits in banks in the district had touched Rs.1,234 crore, with disbursal of loans amounting to Rs.1,013 crore.
Banumathy, Project Officer, District Rural Development Agency, Kasinathan, Assistant General Manager, RBI, and V.A. Raghavan, Assistant General Manager, National Bank for Agriculture and Rural Development participated in the meeting.
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