Plan outlay for state to be over Rs 1.10 lakh crore

Andhra Pradesh Chief Minister N Kiran Kumar Reddy today said the annual plan outlay for the state would be Rs 1.10 lakh crore including about Rs 82,000 crore for Priority sector and Rs 28,778 crore for non-priority sector, for the year 2012-13. The total priority sector outlay projected an increase of Rs 8,851 crore over last year target, he said speaking at the 178th State-level Bankers’ Committee (SLBC) meeting here.

He said Rs 52,972 crore has been proposed in the credit plan forAgriculture sector. This includes Rs 37,128 crore for crop loans. The Chief Minister asked bankers to open branches in tribal and interior areas in the state where disbursement of loans to beneficiaries was still pending due to lack of bank accounts to them. He said in the current year, the principal amount in the Khariff loan taken by farmers would be repaid by them. However, the interest on the loans will be paid by the government directly to the bankers.

There was a problem in input subsidy disbursement, the Chief Minister said and added out of Rs 1800 crore, Rs 1068 crore ‘ has been disbursed. The disbursement of the remaining amount was delayed due to lack of bank branches and lack of bank accounts for farmers in tribal and interior areas in the state. He said last year 5.76 lakh loan eligibility card holders were given Kharif loans in the state.