Andhra Pradesh govt unveils FY17 credit plan

Andhra Pradesh Chief Minister N. Chandrababu Naidu unveiled the state credit plan with a total outlay of Rs 1, 65,538 crore at the 94th State Level Bankers’ Committee meeting in Vijayawada yesterday.

The credit plan for 2016-17 is increased by 32 per cent as compared to the last years plan. The outlay of priority sector is Rs 1,25,538 crore with an increase of around 30 per cent over the target of the previous year.

The outlay of Rs 83,003 crore is earmarked for agriculture for the current year with a projected outlay towards short-term production credit at Rs 60,000 crore and agriculture term loans of Rs 23,003 crore.

text-align: justify;">The major thrust is given to dairy development with an outlay of Rs 5,536 crore rupees, poultry with Rs 1,299 crore, fisheries with Rs 1,713 crore and sheep’s/ goats/ piggery with Rs 1,233 crore.

The target entrepreneurial talent an amount of Rs 25,000 crore has been allotted. Rs 12,000 crore have been earmarked for housing sector which includes allocation of Rs 7,340 crore under Prime Minister Awas Yojana. The allocations for educational loans is Rs 2,155 crore.