Telangana SLBC approves annual credit plan

This is an increase of 14.39% over last year's credit plan target of Rs 55,113.45 cr

The Telangana State Level Bankers' Committee today approved the annual credit plan with Rs 63,047 crore for the current financial year. This is an increase of 14.39 per cent over last year's credit plan target of Rs 55,113.45 crore.

The credit targets for the agriculture and allied activities have been enhanced from Rs 20,000 crore to Rs 27,000 crore while the targets for other priority sectors, including the MSME and housing, have been reduced from the last year's level.

Even the non priority sector's targets were almost flat at Rs 22,501 crore as compared with Rs 22,174.96 crore in the last financial year, according to the committee.