5 days ago
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.
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