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Karnataka's annual credit plan target set at Rs 496,371 crore; MSME share at Rs 111,826.96 crore

The State as a whole has achieved 80.62 percent of ACP target under MSME, 77.97 percent under agriculture and 102. 27 percent under total credit at the end of the third quarter (December 2020), it was stated.

April 29, 2021 / 09:50 PM IST

Karnataka's annual credit plan (ACP) target for 2021-22 has been set at Rs 4,96,371 crore, up 35.78 percent compared to the previous fiscal.

The figure for 2020-21 was Rs 3,65,556 crore.

The ACP for 2021-22 was launched at the 153rd meeting of the State-level Banker's Committee, Karnataka, on Monday, an official release said.

The total priority sector credit target for 2021-22 works out to Rs 2,92,391.90 crore, a growth of 14.24 percent over the previous years figure of 2,55,940 crore.