Annual credit plan at 13K crore

Nellore: District Collector R Mutyala Raju released annual credit plan of the NABARD for Rs 13,045.6 crore for 2019-20 at a programme here on Friday. Rs 5,345.80 crore for crop loans; Rs 1,721.54 crore for non-agriculture needs; Rs 497.71 crore for basic infrastructure of agriculture sector; Rs 982.92 crore for agri-based industries and Rs 3,018.5 crore for MSME were allocated.

11 per cent growth has been shown when compared to the previous year in the annual credit plan. Joint Collector Vetri Selvi, Joint Collector-2 A Kamala Kumari, and other senior officials were present. LDM Venkat Rao, NABARD AGM Ramesh Babu, Regional Manager of Syndicate Bank Dasari Balakishan, Regional Manager of Andhra Pragati Grameena Bank Rama Subba Rao, and others also were present.