Latest news with #DistrictLevelReviewCommittee
Hans India
7 hours ago
- Business
- Hans India
Development through focus on priority sectors: JC
Rajamahendravaram: East Godavari Joint Collector S Chinna Ramudu stressed the need for holistic development by focusing on priority sectors and encouraging aspiring entrepreneurs, aligning with the State government's vision. He made these remarks while presiding over the District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting held at the Collectorate on Friday. The meeting also marked the launch of the Annual Credit Plan for 2025–26 and the first quarterly review of the current financial year. Reviewing last year's achievements, the Joint Collector stated that notable progress was recorded across banking and development schemes. 'In the agricultural sector, the district achieved 120% of the set target, while in other priority sectors, 113% of the goal was met,' he said, noting that East Godavari had outperformed the previous financial year. Special attention was given to financial support for Self-Help Groups (SHGs). For FY 2025–26, the district has set a target of disbursing Rs 820 crore in loans to 1,36,618 farmers. Additionally, loans amounting to Rs 863 crore under the MUDRA scheme and Rs 269 crore for the animal husbandry sector have been planned. Officials noted that surveys are being conducted to identify viable livelihood sectors for women SHGs under a real-time framework, enabling banks to extend financial assistance accordingly. The Joint Collector also stressed the importance of loan disbursement for grounding PM Surya Ghar solar units. He urged bankers to take the initiative, noting that beneficiaries from socially disadvantaged groups can avail subsidies under the scheme. 'This is one of the top-priority programmes of the Central Government,' he added. Deputy Regional Head of Union Bank A Manoj, NABARD DDM Chakradhar Ravuri, LDM DV Prasad, along with other district officials and bankers, were present at the meeting.
The Hindu
28-05-2025
- Business
- The Hindu
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.
New Indian Express
14-05-2025
- Business
- New Indian Express
Annual Credit Plan for NTR district released
VIJAYAWADA: The Annual Credit Plan of NTR District for the 2025-2026 fiscal year was released by District In-charge Minister Satya Kumar Yadav and District Collector G Lakshmisha on Tuesday in Vijayawada, targeting loan disbursements worth Rs 83,500 crore. A total of Rs 33,000 crore has been allocated to the priority sector, including Rs 13,500 crore for the agriculture sector and Rs 17,000 crore for the MSME sector. Short-term crop production loans amount to Rs 11,500 crore, while agri-term loans, including infrastructure and ancillary sectors, account for Rs 5,000 crore. Around Rs 50,500 crore has been allocated to non-priority sectors. This represents a 14% (Rs 10,500 crore) increase compared to the previous year's Annual Credit Plan. The District Level Review Committee (DLRC) and the District Consultative Committee (DCC) meeting was held at the Vijayawada Collectorate under the aegis of the District Lead Bank (LDM), where Minister Satya Kumar Yadav unveiled the Annual Credit Plan. He emphasised the vital role of bankers in implementing Central and State welfare schemes and urged them to achieve the targets set in the Rs 83,500 crore credit plan. He urged bankers to sanction loans to eligible beneficiaries to promote economic development and to provide loans. NTR Collector G Lakshmisha requested bankers to sanction substantial loans to entrepreneurs to set up startups, stressing the need to achieve 100% targets. Meanwhile, NABARD's Potential Linked Credit Plan (PLP) for the district has been pegged at Rs 30,048 crore.
