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27/05/2022 04:26pm

Tiruchi MSMEs get Rs 1,821cr in Annual Credit Plan FY23

image Tiruchi MSMEs get Rs 1,821cr in Annual Credit Plan FY23

Tiruchi, May 27 (KNN) The Micro Small and Medium Enterprises (MSME) in Tiruchi District of Tamil Nadu has been allocated Rs 1,821.45 crore under the Annual Credit Plan (ACP) for the financial year 2022-23. The total outlay stands at Rs 10,839.86 crore which is 7.42 per cent higher than the previous year.

The ACP is coordinated with the Potential Linked Credit Plan of the National Bank for Agriculture and Rural Development (NABARD).

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For agriculture and allied activities, Rs 6,068.70 crore has been allocated and Rs 450.48 crore for education and Rs 1,441.90 crore for housing.

The document was released on Thursday by S. Sivarasu, Collector, who is also the Chairman of the Bankers’ Committee.

The ACP for the current fiscal year has been formulated by taking inputs required for planning the credit targets by the banks for 2022-23.

Sivarasu urged the banks to focus on the various credit related measures announced by the governments and asked them to allocate more targets towards medium and long-term credit in agriculture, Self Help Groups and MSME loans.  (KNN Bureau)

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