Chittoor earmarks ₹17,809 crore Annual Credit Plan for 2025-26
District Collector Sumit Kumar on Wednesday unveiled the Annual Credit Plan (ACP) for the financial year 2025–26 with a total outlay of ₹17,809 crore prioritising financial assistance to boost the integrated development of the district across key sectors.
Releasing the ACP booklet during the District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting at the Collectorate here, the Collector highlighted the importance of ensuring prompt disbursal of loans to the farming sector and entrepreneurs.
The Collector said that of the total credit plan, agriculture and allied activities will get the lion's share with ₹12,195.27 crore, constituting 68.4% of the lending. 'This major share will benefit about 6.38 lakh farmers and landless farm workers,' he said.
The Micro, Small, and Medium Enterprises (MSME) sector will receive ₹2,216.07 crore (12.44%), while other priority sectors will be provided with ₹220.81 crore. 'Commercial banks will shoulder ₹11,843.43 crore, which forms 66.5% of the integrated plan. The Andhra Pradesh Grameena Vikas Bank has been earmarked with ₹4,594.28 crore (25.79%), and the District Cooperative Central Bank (DCCB) will get a share of ₹1,233.59 crore (6.9%) and Small Finance Banks at ₹138.07 crore (0.77%),' the Collector said.
Mr. Kumar directed the banks to liberally support initiatives implemented by both Central and State governments such as Stand Up India, Pradhan Mantri Suraksha Bima Yojana, and Pradhan Mantri Jeevan Jyoti Bima Yojana. He asked the banks to reach the targets set under each scheme within the timeframe, mainly for the benefit of farmers seeking crop loans, and to the dairy and poultry sectors, and the MSMEs.
Mr. Kumar said that facilitating access to credit without delays would be an essential gesture for rural economic growth and inclusive development.
Representatives from the Reserve Bank of India led by Rohit Agarwal, NABARD Divisional Manager Sunil, LDM Harish, and senior officials from the Agriculture and allied departments were present.
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