AP Bankers' committee allots Rs 83,003 cr for agriculture

Andhra Pradesh Chief Minister N. Chandrababu Naidu unveiled the state credit Plan with a total outlay of Rs 1,65,538 crore at the 94th State Level Bankers’ Committee meeting in Vijayawada on Saturday. The credit plan for 2016-17 has been increased by 32 per cent as compared to last year's plan. An outlay of Rs 83,003 crore is earmarked for agriculture for the current year with a projected outlay towards short-term production credit at Rs 60,000 crores and agriculture term loans of Rs 23,003 crore. A major thrust has been given to dairy development with an outlay of Rs 5,536 crores, poultry with Rs 1,299 crore , fisheries with Rs 1,713 crore and sheep/goat/piggery with Rs 1,233 crore. To target entrepreneurial talent, an amount of Rs.25,000 crore has been allotted. A sum of Rs 12,000 crore has been earmarked for housing sector which includes allocation of Rs 7,340 crore under Prime Minister Awas Yojana. The allocations for educational loans is Rs 2,155 crore.