3 hours ago
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The State-level Bankers Committee (SLBC) has projected a ₹17,500 crore Annual Credit Plan for 2026-27 for the Union Territory of Puducherry arsenic against the erstwhile year’s program of ₹12,100 crore.
The ACP outlay, tabled astatine the reappraisal gathering of the SLBC, represents an summation of ₹5,400 crore implicit the program outlay for 2025-26. In percent terms, it works retired to beryllium 44.62% maturation rate.
A large stock of the outlay has been allocated for agriculture and the MSME sector.
The outlay for agriculture has been projected astatine ₹11,700 crore portion the MSME assemblage has been earmarked ₹5,130 crore. An outlay of ₹670 crore has been projected for different precedence sectors.
The ACP for 2026-27 was released by Shiv Bajrang Singh, Executive Director and Chairman of SLBC, Indian Bank and Krishna Mohan Uppu, Secretary to Government (Finance), Union Territory of Puducherry.
P.S. Harikrishnaraj, General Manager, NABARD, Regional Office, Chennai, Sathish Kumar, Lead District Manager and officials from assorted banks participated.
Earlier, an MoU was signed betwixt Indian Bank and the Puducherry authorities for allotment of onshore for operation of gathering for Rural Self Employment Training Institute.
