Annual credit plan for UT of Pondy proposed at Rs 3056.32 cr for FY19-20
Puducherry, Feb 16 (UNI)The State Level Bankers Committee (SLBC), has proposed Rs.3056.32 crore Annual Credit Plan for the Union Territory of Puducherry for 2019-20 as against the previous year plan of Rs.2803.96 Crore.
An official release said here on Saturday that, while, addressing the quarterly review meeting of the State level Bankers' Committee (SLBC) for release of Annual Credit plan of the state for the next financial year and review the performance of Banks for the quarter ended December, 2018,on Friday, SLBC Chairman and Executive Director of Indian Bank M K Bhattacharya, said every year banks in UT of Puducherry are surpassing the annual credit plan targets and requested banks to continue the same in future also for the development of the State.
The Annual Credit Plan outlay is placed at Rs.3056.32 crore showing an increase of Rs.252.36 crore over the plan outlay for 2018-19. In percentage terms it works out to 9 per cent growth rate.
The MSME Sector will be provided with Rs.759.36 Crore accounting for a share of 24.85 per cent of the total outlay as compared to Rs.694.90 Crore allocated during 2018-19 which is 9.28 per cent more allocation than last year, the release said.
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