1 week ago
Karur Sets Rs. 16,023.68 Crore Priority Loan Target
Karur district wants banks to provide Rs.
16,023.68 crore in special loans during 2026-2027.
These loans are meant for important parts of the local economy.
Agriculture and related activities will receive the largest share.
This share is Rs.
9,847.38 crore.
Small, medium and micro businesses will also receive a large portion.
Other priority sectors will receive Rs.
584.56 crore.
The total target is Rs.
3,257.08 crore higher than last year.
The district administration asked different types of banks to meet the full target.
Karur district fixed a priority sector loan target of Rs. 16,023.68 crore for 2026-2027.
Collector C. Muthukumaran announced the target at a bankers meeting in Karur.
Agriculture and related departments were allocated Rs. 9,847.38 crore, or 61% of the target.
Small, medium and micro industries were assigned 35% of the target.
The target increased by Rs. 3,257.08 crore from the previous financial year.
- Who
- The Karur district administration, led by Collector C. Muthukumaran, and nationalised, private and cooperative banks.
- What
- A priority sector loan target of Rs. 16,023.68 crore was fixed for 2026-2027.
- Where
- At a bankers meeting in Karur.
- When
- The target was announced at a bankers meeting on Tuesday for the 2026-2027 financial year.
- Why
- To fund agriculture, related activities, small, medium and micro industries, and other priority sectors.
Key facts
- Financial year
- 2026-2027
- Total loan target
- Rs. 16,023.68 crore
- Agriculture allocation
- Rs. 9,847.38 crore, representing 61% of the target
- Other priority sectors
- Rs. 584.56 crore
- MSME allocation
- 35% of the target
- Increase from previous year
- Rs. 3,257.08 crore
- Participating banks
- Nationalised, private and cooperative banks
Sources
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