Rs 9,768 cr annual credit plan to accelerate devpt of district

Nagarkurnool: District Collector Hemanta Keshav Patil on Wednesday unveiled the Annual Credit Plan (ACP) for 2026-27 with a total outlay of Rs 9,768 crore aimed at accelerating economic development across Nagarkurnool district.

The plan was released during the District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting held at the Collectorate. The Collector directed banks to play a proactive role in supporting agriculture, MSMEs, self-help groups, housing, education, and other priority sectors through timely credit disbursement.

According to the Lead Bank Office, the credit plan targets loans for 2,77,772 accounts, with 88.42 per cent of the allocation earmarked for priority sectors and 11.58 percent for non-priority sectors.

Agriculture received the highest allocation of Rs 8,637 crore, covering crop loans, farm mechanisation, irrigation facilities, agricultural infrastructure, dairy, sheep rearing, fisheries, poultry, and horticulture.

The Collector emphasised that farmers should receive crop loans without delay and that banks must extend adequate support to allied agricultural activities.

The MSME sector was allotted Rs 1,014 crore to promote entrepreneurship, self-employment, and industrial growth. Special focus will be given to supporting young entrepreneurs, women-led enterprises, and rural industries.

To encourage higher education, Rs 37.90 crore has been earmarked for educational loans benefiting 236 students. Housing loans worth Rs 316.25 crore have also been proposed to support home construction and purchase.

Additionally, Rs 10 crore has been allocated for social infrastructure projects, while Rs 5.11 crore has been earmarked for renewable energy initiatives, including solar power projects. A further Rs 1,131 crore has been set aside for non-priority sectors such as personal, commercial, and service-sector loans.

Collector Hemanta Keshav Patil stressed the importance of coordinated efforts between banks and government departments to ensure inclusive growth. He called for improved banking services in rural and remote areas, particularly in Achampet constituency and the mandals of Lingala, Balmoor, Amrabad, and Peddakothapally, while also stressing the need for greater financial literacy among rural populations.

The Collector urged banks to exceed credit targets, strengthen support for self-help groups, and facilitate quick loan approvals for eligible beneficiaries under various government schemes, thereby contributing to the district’s overall economic progress.