Credit Plan For Msmes In Tirupati Projected At Rs 2,979 Cr In FY24

Tirupati, Dec 15 (KNN) For Micro, Small and Medium Enterprises (MSMEs) of Tirupati, the district credit plan for 2023-24 has been proposed at Rs 2,979.53 crore, said the District Collector K Venkataramana Reddy on Wednesday.

Releasing the credit plan for upcoming financial year, the DC revealed that agriculture and ancillary wings credit has been projected at Rs 9,185.36 crore, for exports Rs 58.96 crore, for education sector Rs 158.10 crore and housing sector Rs 648 crore.

To provide social infrastructure involving bank credit Rs 34.96 crore has been projected, for renewable energy Rs 25.04 crore and for informal credit delivery system Rs 1,268.18 crore were projected.

The DC urged the bankers to cooperate in taking the government priority schemes forward and to place the district at first place in banking services from the current third position.

He said that there should be coordination among bankers in sanctioning loans for government schemes.

Reddy was addressing a review meeting with district advisory committee and district level review committee, bankers and other officials.

Going into details, the Collector said the agriculture loans were provided by 128 per cent and MSME loans by 91 per cent of the targets.

The Collector further told the bankers that every branch should provide at least two MUDRA loans and if focus is laid on PMEGP loans, more people can get employment.
(KNN Bureau)

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