Tamil Nadu   

Potential Linked Credit Plan released

VILLUPURAM: District Collector R. Palanisamy on Thursday released the Rs. 1,731.76-crore Potential Linked Credit Plan (PLP) for the year 2011-2012 and handed over a copy to M. Anandan, MP. The Collector said the size of the plan was 21 per cent higher than that of the previous year's plan. A major chunk of the outlay, to the extent of Rs. 1,454 crore, would be absorbed by the farm sector.

It included a crop loan of Rs. 1,251.50 crore and a short-term loan of Rs. 202.51 crore. For the non-farm sector, the allocation would be Rs. 277.75 crore. Through National Bank for Agriculture Research and Development, Rs. 373.39 crore was spent for creating infrastructure facilities such as roads, school buildings, bridges, checkdams and irrigation projects in the district.

Education loan

As for education loan, the Collector said that in a camp held here recently, about 2,000 applications were received and these were being processed by various banks. Indian Bank had got the highest number of 613 applications, followed by State Bank of India – 234, Central Bank of India – 201 and Indian Overseas Bank – 168.

Two banks had got applications in single digit: Axis Bank – six and Syndicate Bank – seven. The Collector called upon the bankers to clear the loans for the eligible candidates by the second week of October and if any applications were to be rejected they should duly intimate the candidates the valid reasons thereof. He said if the candidates failed to get response from the banks by October 8 they can make a representation at the Grievance Day session scheduled for October 11.

Mr. Palanisamy noted that by the third week of October, Higher Education Minister K. Ponmudy would give away the educational loans and issue appreciation certificates to those banks that would perform well on this score.

Nazer, Assistant General Manager, Reserve Bank of India; Uma Maheswara Rao, NABARD Assistant General Manager; and Balachandran, Lead Bank Manager participated.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

India Knit Fair planned from October 6 to 8
Pollution
Irizar-TVS Limited
Power shutdown
Needs attention
Electrocuted
Potential Linked Credit Plan released
Krishnagiri tops in SRI paddy cultivation
Commits suicide
Rice shop burgled
“3,000 new buses will be introduced by January 31”
School Education Minister ready to include nano technology in syllabus
Over 9,000 houses to come up in Pudukottai: Collector
Collector takes charge
Minister promises to set up government college
For blessings
Dirty place
New president for Andhra Chamber of Commerce

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu