Rs 6,919 cr annual credit plan for Erode district

: A Rs 6,919 crore annual credit plan for the district for 2015-16 was today launched with the maximum share of Rs 3,702 crore earmarked for agricultural sector.
The plan, prepared by the Lead Bank, Canara Bank, and unveiled by District Collector Dr S.Prabhakar, showed an absolute increase of Rs 910 crore over the previous year.
As the district being predominantly an agro-based area, the Annual Credit Plan aimed at giving maximum share of outlay to the agricultural sector at Rs 3,702 crore, followed by Small and Medium Enterprises with an outlay of Rs. 1,909 crores.
Other Priority Sector advances portfolio has a target of Rs. 1,308 crores towards disbursement during 2015-16.

Prabhakar said the Plan gave thrust to all Central and State sponsored schemes like various employment generation programmes for unemployed, rural godowns and solar mission.