Tamil Nadu’s Annual Credit Plan for 2025-26 fixed at ₹9 lakh crore
The Hindu
Tamil Nadu Finance Minister releases ₹9 lakh crore Annual Credit Plan for 2025-26, emphasizing priority sector lending growth.
Tamil Nadu Finance Minister Thangam Thennarasu on Monday released the Annual Credit Plan (ACP) for the State for 2025-26, which has been fixed at ₹9 lakh crore.
He released the ACP at the 182nd State Level Bankers’ Committee (SLBC) meeting conducted by Indian Overseas Bank, which is the convenor. The Annual Credit Plan of ₹9,00,181 crore has been fixed under priority sector lending, an estimated growth of 21.12% over 2024-25, according to a release.
In his speech, Mr. Thennarasu lauded the banks in Tamil Nadu for their proactive approach in priority sector lending, especially in the sectors of agriculture and micro, small and medium enterprises, and in the implementation of government-sponsored schemes.
He pointed out that the credit-deposit ratio of 126% in the State is one of the best in the country. He requested all the banks to work more vigorously to reach the ACP 2025-26 target.
The meeting discussed financial inclusion and credit growth in the priority sector during the financial year that ended in March 2025. Mohan M., SLBC convenor and Indian Overseas Bank general manager, made a presentation.
The priority sector advances increased from ₹6,63,993.27 crore as of March 2024 to ₹7,43,194.33 crore as of March 2025, a growth of 11.93%, the release added.
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