Banks in Salem loaned ₹38,134 crore in 2025-26: District Collector
Salem District Collector K. Elambahavath reported that local banks distributed over ₹38,000 crore in loans during the 2025-26 fiscal year. The funding supported agriculture, MSMEs, education, and women's self-help groups, with the district ranking first in SHG loan distribution.
Why it matters
The data highlights regional economic development and the effectiveness of government-backed credit schemes for small-scale entrepreneurs and students.
District Collector K. Elambahavath on Thursday (June 18) said banks in the district distributed ₹38,134 crore in loans for education, agriculture, MSMEs and Magalir Thittam during the financial year 2025-26.
The report is a straightforward summary of official government statistics and meeting proceedings.
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