Hoshiarpur: Rs 6,320-crore district credit plan released | punjab | Hindustan Times
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Hoshiarpur: Rs 6,320-crore district credit plan released

punjab Updated: May 07, 2015 18:40 IST
HT Correspondent
HT Correspondent
Hindustan Times

Deputy commissioner (DC) Anindita Mitra on Thursday released the district credit plan of Rs 6,320 crore prepared by the Punjab National Bank, the district's lead bank, for the year 2015-16.

The targeted credit growth is 18.57% higher than the last year. Of the total outlay, Rs 4,360 crore has been earmarked for agriculture and allied activities, while Rs 440 crore have been allocated for non-farm sector and Rs 1,240 crore for other priority sectors. The plan would cover as many as 2,03,755 beneficiaries.

The DC said special focus has been put on agriculture diversification, poverty eradication and employment generation through micro-financing to self-help groups.

"The plan envisages inclusive growth by providing credit to underprivileged, unemployed youth and women," the deputy commissioner said.

PNB's deputy general manager Shrikant Sharma said during the previous year, banks disbursed loans to the tune of Rs 5,967.45 crore against the target of Rs 5,330 crore.