21 hrs ago
Guntur Approves Rs 55,015 Crore Farm Credit Plan
Guntur has approved a large plan for lending money during the 2026–27 financial year.
The plan is worth Rs 55,015 crore.
Much of this money will support priority areas, including agriculture and related activities.
Banks were told to provide loans more freely to farmers and others in these sectors.
Union Minister Pemmasani Chandrasekhar said private banks were not doing enough to provide government-scheme benefits.
He warned that private banks could face serious consequences if this continued.
District officials and banking representatives discussed the plan at a meeting.
The goal is to make more credit and government support available to eligible people.
Guntur district approved an Annual Credit Plan worth Rs 55,015 crore for 2026–27.
The plan allocates Rs 36,400 crore to priority sectors and Rs 18,615 crore to non-priority sectors.
Union Minister of State Pemmasani Chandrasekhar directed banks to increase lending to agriculture and allied sectors.
Chandrasekhar criticized private banks for lagging in delivering government-scheme benefits to eligible beneficiaries.
The District Consultative Committee and District Level Review Committee met at the Guntur Collectorate.
- Who
- Union Minister of State Pemmasani Chandrasekhar, Guntur district officials, and bank representatives.
- What
- Guntur's Annual Credit Plan for 2026–27 was approved with an outlay of Rs 55,015 crore.
- Where
- At the Collectorate in Guntur district.
- When
- For the financial year 2026–27; the review meeting was held on Friday.
- Why
- To expand lending to agriculture and allied sectors and improve delivery of government-scheme benefits.
Key facts
- Total credit plan
- Rs 55,015 crore
- Financial year
- 2026–27
- Priority-sector allocation
- Rs 36,400 crore
- Non-priority-sector allocation
- Rs 18,615 crore
- Main lending focus
- Agriculture and allied sectors
- Meeting
- Guntur District Consultative Committee and District Level Review Committee
- Warning
- Private banks were warned of serious consequences if they continued lagging in delivering government-scheme benefits.
Sources
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