District Collector Bhabagrahi Mishra launched the Annual Credit Plan (ACP) for 2013-14 at the District Consultative Committee meeting here with a credit outlay of Rs 1,458 crore to be disbursed by various banks operating here.
The plan document prepared by the lead Bank chief manager covers disbursement target under priority sectors including crop production, water resources, farm mechanisation, plantation, horticulture, storage, godown, animal husbandry, fisheries, rural non farm sector and micro credit.
While highlighting on the ACP, lead Bank chief manager SK Khadanga indicated that the total projections of Rs 1,458 crore include Rs 881 crore for crop loan, Rs 225 crore for agriculture and allied activities, Rs 113 crore for non farm sector and Rs 239 crore for other priority sector. The plan outlay for 2013-14 is 16 per cent more than the plan outlay for 2012-13. Khadanga also indicated that the ground level credit flow during the year 2012-13 had touched Rs 972 crore as against a target of Rs 1,253 crore accounting for 78 per cent achievement.
The meeting was attended by Zilla Parishad vice-president SR Nayak, DRDA PD Rajendra Prasad Mund, RBI AGM SC Mohapatra, NABARD AGM N Satapathy, Utkal Grameena Bank RM MR Mishra, SBI chief manager (Admn) RS Mishra, other bankers and line department officials of the Government.