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States » South


AP CM launches credit plan with outlay of Rs 3,19,480 Cr

AP CM launches credit plan with outlay of Rs 3,19,480 Cr

Vijayawada, June 9 (UNI) Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy launched the State annual credit plan of 2022-23 at the 219th State Level Bankers’ Committee (SLBC) meeting held at the camp office here on Thursday.
The State annual credit plan for 2022-23 with an total outlay of Rs 3,19,480 crore has 54 percent of loans to the Agriculture sector. It is targeted to give Rs 1,64,740 crore as loans in Agriculture sector and also the target is to provide Rs 2,35,680 crore as loans to Primary sector which is 73.76 percent of State annual credit plan.
Speaking on the occasion, the Chief Minister said COVID-led economic disruptions have had a debilitating impact on the country's growth path and this is the first year that economic growth can be seen. He said the nominal GDP of the country for 2021-22 is Rs 237 lakh crore and the growth at current prices during that year as per the provisional estimates is 19.5 percent.

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