Tuesday, April 10, 2001,
Chandigarh, India


L U D H I A N A   S T O R I E S


Annual credit plan released
Tribune News Service

Ludhiana, April 9
The district annual credit plan has been raised by 20 per cent from Rs 1575 crore to Rs 1819 crore for 2001-2002 as compared to the last year.

Out of the Rs 1,371 crore earmarked for the priority sector, Rs 571 crore will be advanced to the agriculture sector, Rs 29 crore for allied activities, Rs 522 crore for the non-farm sector and Rs 240 crore for other priority sectors. Mr S.K. Sandhu, Deputy Commissioner, disclosed this information while releasing the plan here today.

He said under the credit plan prepared by Punjab and Sind Bank, all banks in the district would advance loans under different schemes to the people.

Appreciating the efforts of banks, he asked for their cooperation in maintaining the distinction in releasing the loans under different schemes during the current year also. Mr Sandhu asked the ADC (D), Mr A.K. Sinha, to prepare women groups in villages to start joint ventures. At least 10 model villages can be selected under this project.

Mr Tarlok Singh, Zonal Manager, Punjab and Sind Bank said, “The credit-deposit ratio of the bank in the district has been 70 per cent as on December 31, 2000, against the RBI’s target of 60 per cent. The bank is trying to ensure competitive services to the customers in the fast changing scenario”. Mr Dev Raj, Assistant Manager, NABARD, was also present on the occasion.


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