Vizianagaram unveils Rs 13K crore credit plan for FY 2025-26
Visakhapatnam: Vizianagaram district collector Dr BR Ambedkar released the annual credit plan amounting to Rs 13,444 crore for the 2025-26 financial year. The collector said that this year's plan has been increased by 19.2% compared to the previous year.
A district-level bankers' meeting was held at the collectorate.
Speaking on this occasion, Ambedkar said that Rs 8,025 crore has been allocated for agriculture in this year's credit plan. Under the micro, small, and medium enterprises (MSME) division, Rs 1,843 crore had been allocated for Mudra, Startup India, and Stand Up India loans. For the education and housing sectors, Rs 282 crore had been allocated.
The collector urged bankers to come forward to provide 100% loans according to the targets.
"We are working with the goal of disbursing Rs 140 crore as crop loans this year. Measures have been taken to increase paddy cultivation in this Kharif season. And since rains have already started, farmers should be prepared in advance for the crops. There is a high chance of storms in November, so plans should be made to complete paddy harvesting by October. For this, bankers should sanction loans by July. There is a need to expedite loan disbursements for applications received under the PM Vishwakarma scheme.
by Taboola
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So far, 86,386 applications have been received under this scheme, and after stage III verification, 6,182 applications have been approved. Among these, 5,057 beneficiaries have completed basic skill training. Out of 3,805 applications sent to banks, loans amounting to Rs 6.86 crore have been sanctioned for 1,080 applicants, and loans for the remaining applicants will be sped up," said the collector.
Ambedkar instructed officials of various departments to ensure loans are provided to beneficiaries through schemes such as PM Suryaghar, Mudra loans, Stand Up India, MEPMA, DRDA, the Minority Corporation, and others. For those who have already received loans, field-level inspections should be conducted to verify what types of units have been established.
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