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Fuelling growth: R.Krishnamurthy, Chief Regional Manager, Indian Overseas Bank, receiving the first copy of the booklet of the Annual Credit Plan for
TIRUCHI: Banks should make special efforts to achieve the current year (2011-2012) Annual Credit Plan (ACP) target of Rs.2,054.23 crore, which is 25 per cent more than the previous year outlay of 1,643.01 crore, and also to complete the last year's pending target in some sectors, said Collector Jayashree Muralidharan, here on Wednesday.
Releasing the booklet of the ACP for the year 2011-2012 at the District Level Review Meeting of bankers organised by the Indian Overseas Bank, the lead bank of the district, the Collector said that the district had earned the distinction of surpassing the target by 141.60 per cent under the ACP during 2010-2011 by achieving Rs.2,326.66 crore against the original outlay of Rs.1,643.01 crore.
Mrs. Jayashree Muralidharan lauded the banks for displaying interest in promoting agriculture, non-farm and other priority sectors. She said that she was confident that the banks would achieve the target this year too.
The Collector reviewed the implementation of various programmes, including credit linkage of self help groups by Mahalir Thittam, loans under Swarnjayanti Gram Swarozgar Yojana scheme, loans under TAHDCO and also discussed the opening of bank accounts by the job cardholders under MGNREGS.
R.Krishnamurthy, Chief Regional Manager, IOB, Tiruchi, who received the first copy of the ACP booklet from the Collector, said that the ACP had been prepared as per the guidelines of Reserve Bank of India and NABARD. He said that a major share of 1,158.08 crore of the current year ACP had been allocated to agriculture and allied activities which formed 56.38 per cent of the total plan outlay.
The share of non-farm sector is Rs.232.22 crore which is 11.30 per cent of the outlay .
D.Solomon Paul Jayaraj, District Development Manager, NABARD, Tiruchi, said that NABARD's continues to emphasise on high-tech agriculture and stepping up credit flow to agriculture machinery, storages, micro-irrigation, ripening units, and export-oriented value added products. T.Ramadoss, Lead District Manager, IOB, Tiruchi, P.Vijayalakshmi, Project Officer, Mahalir Thittam, Tiruchi and officials from various banks took part.
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