Nashik credit plan outlay at Rs 5,221 crore for FY 2011-12

The Nashik district administration, as per RBI guidelines, has prepared Rs 5,220.99 crores district-level annual credit plan for agriculture, small-scale industry (SSI) and other priority sectors for the current FY 2011-12, with 17.11 per cent rise as compared to that of last year.

This district credit plan includes Rs 3,102.39 crores for Agriculture sector, Rs 457.17 crores for sanctioning loans to village artisans, non-farm sector activities and MSME, and Rs 737.03 crores for non-priority sector. The district credit plan is to be monitored by 30 nationalised banks.

"The Annual District Credit Plan 2011-12 envisages a total disbursement of Rs 5,220.99 crores, of which Rs 4,483.96 crores are to be disbursed to the priority sector. The agriculture sector has been given an allocation of Rs 3,102.39 crores, which is 69 per cent of the total priority. Provision for non-farm and MSME is of Rs 457.17 crores. The credit plans has shown a rise of 17.11 per cent over the previous year plan," H A Mazire, Lead District Manager, Bank of Maharashtra, told Business Standard. The district credit plan includes provision of Rs 209.81 crores under priority sector for Baglan tehsil, Rs 179.92 crores for Chandvad tehsil, Rs 609.32 crores for Dindori, Rs 63.76 crores for Igatpuri, Rs 142.30 crores for Kalwan, Rs 277.99 crores for Malegaon, Rs 110.48 crores for Nandgaon, Rs 1,555.80 crores for Nashik, Rs 758.67 crores for Niphad, Rs 12.74 crores for Peth, Rs 284.65 crores for Sinnar, Rs 7.75 crores for Surgana, Rs 139.60 crores for Yeola, Rs 88.99 crores for Deola and Rs 42.17 crores for Trimbakeshwar tehsil.