CM unveils ₹2.83 lakh cr. credit plan for 2021-22

54% of it targeted at agriculture sector

Chief Minister Y.S. Jagan Mohan Reddy on Monday unveiled the annual credit plan for the year 2021-2022 at the State Level Bankers Committee meeting. “We are witnessing an unprecedented situation across the world after the first and second wave of COVID-19. Both Central and State governments have imposed curfew and extended the partial lockdown due to which the country and the State have suffered huge financial losses. However, I am happy that we have achieved the targets of loan disbursement in priority sector (101%) and agricultural sector (114.16%) and I thank the banks for their cooperation,” said Mr. Jagan Mohan Reddy. The annual credit plan for the year is pegged at ₹2.83 lakh crore, out of which 54% is agricultural credit (₹1.48 lakh crore) and ₹2.13 lakh crore to priority sector.