Latest news with #PotentialLinkedCreditPlan
The Hindu
29-05-2025
- Business
- The Hindu
Annual Credit Plan released for Erode district
The Annual Credit Plan for Erode district for 2025-26 envisaged a total outlay of ₹30,257.99 crore with agriculture and MSME sector getting major share. Collector Raja Gopal Sunkara released the plan at the Collectorate on Wednesday that was received by Reserve Bank of India's Assistant General Manager Vijay Vignesh. The plan was prepared by the district lead bank, Canara Bank, based on the Potential Linked Credit Plan prepared by NABARD. The credit plan outlay is an increase of ₹3,995.18 crore (15.21%) when compared to the plan outlay in 2024-25. Agriculture sector was given the major share of ₹18,918.01 crore and Micro Small and Medium Enterprises (MSME) got ₹10,551.28 crore. Other priority sectors were given ₹788.70 crore. Vivekananth, Lead Manager, Canara Bank, G. Saravanan, Assistant Regional General Manager, Ashok Kumar, General Manager, NABARD, Thirumurugan, General Manager, District Industries Centre and other officials were present. eom\sps.
Hans India
20-05-2025
- Business
- Hans India
Collector unveils Rs 4,215 cr credit plan
Parvatipuram: Collector A Shyam Prasad has released the Potential Linked Credit Plan (PLP) 2025–26 for Parvathipuram Manyam district, with an outlay of Rs 4,215.30 crore. The PLP 2025–26, prepared by NABARD, was launched during a District Industrial Promotion Committee meeting held at the Collectorate on Monday. The plan outlines the district's credit potential and strategies for inclusive rural development. It aims to enhance credit flow to priority sectors, bridge infrastructure gaps, and promote climate-resilient and sustainable agricultural practices. Agriculture is the predominant activity in the district, with two-thirds of the workforce engaged in farming. About 79% of the farmers are marginal, and the average landholding is 0.75 hectares. Major crops in the district include Paddy (0.75 lakh ha), Maize (0.11 lakh ha), and Cotton (0.10 lakh ha). Of the total credit potential of Rs 4,215.30 crore, Rs 3,316.04 crore is allocated to agriculture, including infrastructure and allied activities. MSMEs have been allocated Rs 386.69 crore, and the housing sector Rs 221.40 crore. NABARD District Development Officer Dinesh Kumar Reddy stated that under the 2023–24 action plan, the district achieved a Credit-Deposit Ratio of 168%. Over 3.2 lakh PMJDY accounts were opened, and non-performing assets were brought down to 1.6%. District Revenue Officer K. Hemalata, DPO T. Kondala Rao, District Industries Officer Karunakar, and Lead Bank Manager Vijaya Swarup attended the meeting.
Hans India
19-05-2025
- Business
- Hans India
District Collector Unveils Rs 4,215 Cr Credit Plan for Parvathipuram Manyam
District Collector A. Shyam Prasad has released the Potential Linked Credit Plan (PLP) 2025–26 for Parvathipuram Manyam district, with an outlay of Rs 4,215.30 crore. The PLP 2025–26, prepared by NABARD, was launched during a District Industrial Promotion Committee meeting held at the Collectorate on Monday. The plan outlines the district's credit potential and strategies for inclusive rural development. It aims to enhance credit flow to priority sectors, bridge infrastructure gaps, and promote climate-resilient and sustainable agricultural practices. Agriculture is the predominant activity in the district, with two-thirds of the workforce engaged in farming. About 79% of the farmers are marginal, and the average landholding is 0.75 hectares. Major crops in the district include Paddy (0.75 lakh ha), Maize (0.11 lakh ha), and Cotton (0.10 lakh ha). Of the total credit potential of Rs 4,215.30 crore, Rs 3,316.04 crore is allocated to agriculture, including infrastructure and allied activities. MSMEs have been allocated Rs 386.69 crore, and the housing sector Rs 221.40 crore. NABARD District Development Officer Dinesh Kumar Reddy stated that under the 2023–24 action plan, the district achieved a Credit-Deposit Ratio of 168%. Over 3.2 lakh PMJDY accounts were opened, and non-performing assets were brought down to 1.6%. District Revenue Officer K. Hemalata, DPO T. Kondala Rao, District Industries Officer Karunakar, and Lead Bank Manager Vijaya Swarup attended the meeting.
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.
The Hindu
29-04-2025
- Business
- The Hindu
Credit off take by MSMEs in Coimbatore reduces
With several industrial sectors facing a slowdown of orders for almost a year now, credit offtake by the Micro, Small and Medium-scale Enterprises (MSMEs) in the manufacturing sector seems to be shrinking. 'An industry will need funds either for expansion or for a new venture. It is a widespread belief that in the last one year, MSMEs are reluctant to invest,' said M. Karthikeyan, president of the Coimbatore District Small Industries Association. 'We are talking about components and spares coming to Coimbatore in huge quantities from Gujarat as the MSMEs in Tamil Nadu, especially Coimbatore, are losing their cost competitiveness. If the current demand trend continues, more MSMEs in Coimbatore will go out of business,' added C. Sivakumar, president of the Coimbatore Tiruppur District Tiny and Micro Enterprises Association. Industries faced a slight drop in business in 2023-24. Instead of a revival, the situation worsened last fiscal. This year, demand is dull in the first month and there is no sign of a orders picking up. So, MSMEs do not want to invest in such a scenario, said Mr. Sivakumar. Offtake of bank loans in Coimbatore by MSMEs was nearly ₹35,500 crore in 2024-25. Even in February this year, the offtake was slow and several industry associations organised loan melas. The interest rate offered by the lenders in the non-banking financial sector (NBFCs) is competitive now for machinery purchase too and many MSMEs are moving to the NBFCs for loans, said Mr. Karthikeyan. The Potential Linked Credit Plan for 2025-26 envisages almost the same disbursement as last year by the banks for MSMEs. Coimbatore District Collector Pavankumar G. Giriyappanavar said the annual credit plan for Coimbatore for the current financial year would be released in the second week of May. Industry leaders say Coimbatore MSMEs require focused support packages to help them revive.
