The State Level Bankers’ Committee (SLBC), Telangana, has unveiled an annual credit plan with an outlay of ₹2,14,041.87 crore for 2022-23, an increase of 15% over the previous fiscal’s ₹186,035.60 crore plan.
Priority sector lending target for this fiscal has been pegged at ₹1,66,257.93 crore or 77.68% of the total outlay. Compared to previous year’s priority sector target of ₹1,44,354.06 crore, this is an increase of 15%, said SLBC president and SBI Hyderabad Circle Chief General Manager Amit Jhingran while presenting highlights of the plan at its launch here on Tuesday in the presence of State Finance Secretary T.K.Sreedevi and senior bankers.
For agriculture segment, the SLBC has pegged the lending at ₹101,030.04 crore or nearly 61% of the priority sector target. Of the agriculture target, investment credit, for creating sustainable income for the farmers, is projected to be ₹33,165.16 crore.
