Rs 331-crore more for loans in district credit plan | punjab | Hindustan Times
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Rs 331-crore more for loans in district credit plan

punjab Updated: Apr 12, 2013 18:13 IST
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The district administration has set a credit plan of Rs 2,646 crore this fiscal, up by Rs 331 crore (nearly 12 per cent) over the previous fiscal. Deputy commissioner Alaknanda Dayal said this on Wednesday after releasing the District Credit Plan. The District Advisory Committee approved the plan in a meeting on March 13.


"We have crossed targets for disbursement of loans set in the previous year. Our records say that we have done 102%. This year, hopefully, we would meet the targets set up keeping in mind the potentials and needs of different areas," Dayal said.

Punjab National Bank prepared the credit plan for 2013-14 with the cooperation of National Bank For Agriculture And Rural Development (NABARD) and compiled the same in the form of a book.

"The objective of the plan is to ensure even flow of credit especially to priority sectors and weaker sections of the society through proper planning for growth of every potential activity under every sector and with proper coordination of banking system and government agencies," Dayal added.

The plan has set aside Rs 1,742.58 crore for agriculture and other allied trades, Rs 348.34 crore for small and micro entrepreneurs and Rs 555.16 crore for other priority sectors, she further added.

"Due importance would also be given for disbursing loans under DRI schemes to poor and weaker sections of society and instructions had been released to all banks," the DC said.

SND Bansal DGM and circle head Punjab National Bank, Mohmmad Iqbal Bhatti additional deputy commissioner (development), Ashwani Kumar chief lead district manager, Ravinder Jaiswal, DDM NABARD were among prominent people present on the occasion.