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District Credit Plan for Mysuru released
The Hindu
It proposes 25 per cent increase in outlay
The district credit plan for the year 2021-22 envisages an outlay of ₹19,112 crore for both priority and non-priority sectors, which is an increase of 25 per cent over the previous financial year. The annual credit plan prepared and released by State Bank of India, which is the district lead bank, here on Thursday includes ₹14,476 crore for lending to the priority sector (17 per cent increase over the previous financial year) and ₹4,636 crore for the non-priority sector, an increase of 28 per cent over 2020-21. In the priority sector, agriculture has been accorded almost 44 per cent of the total plan outlay. Out of ₹6,421 crore earmarked for lending in the agricultural sector, ₹3,868 crore is for crop loans and ₹2,583 crore is for term loan, as per the plan document.More Related News