State’s annual credit plan fixed at ₹1.86 lakh crore

Priority sector to get ₹1.44 lakh crore; non-priority sector lending at ₹41,681 cr.

The annual credit plan of the State for the current financial year has been fixed at ₹1.86 lakh crore with priority sector lending pegged at ₹1.44 lakh crore, marking 77% of the total credit plan. Credit to agricultural activities takes a major chunk of the priority sector lending at ₹75,977.72 crore estimated for 62.36 lakh accounts. Of this, ₹59,440.44 crore has been earmarked for crop production, maintenance and marketing and another ₹16,537.28 crore for investment credit and allied activities. Agricultural term loans for infrastructure are pegged at ₹3,895.61 crore and those for ancillary sector at ₹11,668.38 crore, taking the total agriculture credit to ₹91,541.71 crore spread over 63.67 lakh accounts and constituting 49.2% of the total credit plan. Credit for the MSME sector is estimated at ₹39,361.16 crore amounting to 21.16% of the credit plan.