East Godavari Collector K. Madhavilatha on Friday unveiled the annual credit plan for the district with an outlay of ₹12,257 crore in the present fiscal to give a fillip to primary and industrial sectors.
Addressing the bankers in a review meeting, Ms. Madhavilatha has directed them to achieve the target of ₹2,836 crore of crop loans in the kharif 2022 season.
It has been proposed to provide crop loans to the tune of ₹1,971 crore in the rabi season. The annual credit plan has proposed to disburse ₹1,950 crore of loans to encourage small and medium industries. NABARD District Manager M. Somu Naidu, District Lead Bank Manager S. Srinivasa Rao and other officials were present.
