Telangana State Level Bankers’ Committee (SLBC) unveiled on Thursday the annual credit plan for 2019-20 with an outlay of ₹1,46,238 crore or 6.95% higher compared to the previous fiscal’s ₹1,36,733.30 crore.
The share of the priority sector target of a little over ₹1,01,353 crore is a 9.28% increase compared to ₹92,757.65 crore of 2018-19. There are 44 members institutions in the SLBC, a mix of public, private, cooperative and regional rural banks as well as APSFC. A good, 68% share of the priority sector disbursements has been projected for the agriculture segment. Together, the banks estimate the disbursements to the agriculture segment to be ₹68,596 crore or 18.14% higher over the ₹58,063.36 crore target of previous fiscal.
In 2018-19, the disbursements to Agriculture, comprising short-term production loans, term-loans, agriculture infrastructure and ancillary activities, totalled ₹51,351 crore or 88.44% of the target was achieved. Short-term production loans accounted for ₹33751.72 crore, which was 79.43% of the target.