The Annual Credit Plan (ACP) for 2014-15 for The Nilgiris district was released by the Nilgiris Collector P.Sankar.
According to a Lead Bank press note issued here, the ACP target set for various banks was Rs. 1,900 crore. It was Rs. 394 crore more than the previous fiscal.
The lion’s share of Rs.1,370 crore has been allocated for agriculture and allied activities. While Rs. 300 crore will flow to the SSI sector other priority sectors will get Rs. 230 crore.
The plan has been prepared after taking into account the projections made by NABARD in the Potential Linked Credit Plans (PLPs) for the year 2014-15 and the performance of the banks in the district during 2013-14.
The first copy of the plan was received by R. Inigo Arul Selvam of NABARD. On the occasion Mr.Sankar distributed awards to the Nilgiris District Central Cooperative Bank Bank, Canara Bank and Bank of lndia for their excellent performance in self-help groups’ credit linkage during 2013-14.
