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Updated April 3rd, 2012, 10:39 AM IST

The battle field of Cheras, Gangas and Cholas has ACP a credit flow of Rs.1,550.44 cr.

Posted on April 3rd, 2012 at 10:38 AM.

District Collector V.Shobana released the Annual Credit Plan for Karur district, Tamil for the current and coming year contemplate the credit flow of Rs.1, 550.44 crore, up from the current year’s plan by Rs.195.57 crore.This was the fourth district-level review committee of bankers . Chief Regional Manager, Indian Overseas Bank, Dindigul Region, C.Anbu, received the first copy.Assistant General Manager, NABARD, A.Parthiban, Project Director, District Rural Development Agency, T.Murugkan, Project Officer, Mahalir Thittam, Mohammed Jaffar, and Lead District Manager S.M.Murugesan and others also marked their presence.

V.Shobana was happy as outflow of Rs.1, 550.44 crore covering 2,01,730 lead to beneficiaries during the year.Priority Sector includes Advances the allocation for Agriculture and Allied Activity would be Rs.688.38 crore, SSI sector Rs.579.74 crore and Service and Business sector would get Rs.282.32 crore.175 beneficiaries have been assisted with Rs.2.50 crore under the Unemployed Youth Employment Generation Programme in the district during the period.. 66 individuals 91 persons have been sanctioned bank loan for various activities through TAHDCO .Approximately Rs.175.15 crore are been invested in Kisan Credit Cards.So far 32,805 Kisan Credit Cards have been issued worth against the target of 32,000 cards.

V.Shobana in her speech appreciated bankers in Karur district for achieving the slated targets in the current ACP noting with satisfaction that the performance up to December 2011.Which has 128 per cent as compared to the corresponding period last year. The bankers had bested the target of Rs.1,016.90 crore by advancing Rs.1,298.71 crore.

Further she pointed out that under the SGSY, against the Revolving Fund target for credit linking 422 SHGs, 377 groups have been sanctioned credit to the tune of Rs.245.05 lakh. The target of 142 SHGs, 120 SHGs have been sanctioned credit of Rs.5.75 crore for Under Economic Activity.

The Reserve Bank of India produced a healthy 128 per cent under Credit Deposit Ration, while the percentage of agricultural advances to total advances was 33 per cent against the norm of 18. The advances to weaker sections stood at 15 per cent against the norm of 10 per cent. The district banks had exceeded all other norms stipulated by the RBI except DRI advances.Further there is improvement under DRI advance.And a total deposits of Rs.2,941 crore stood while the advances were to the tune of Rs.3,778 crore.

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