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The Hindu·3 min read·medium

Credit outflow for Tirunelveli district for current fiscal put at ₹24,471 crore

T
The Hindu Bureau
Credit outflow for Tirunelveli district for current fiscal put at ₹24,471 crore
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Tirunelveli district has announced an annual credit plan of over ₹24,471 crore for the 2026-2027 fiscal year, with a primary focus on agriculture. The plan emphasizes timely loan disbursement to farmers and support for small-scale industries and self-help groups.

Why it matters

This credit allocation is vital for sustaining the rural economy and protecting farmers from high-interest private moneylenders, especially during climate-related challenges.

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Tirunelveli district’s annual credit plan for the fiscal 2026 – 2027, which was released by District Collector Anand Mohan here on Tuesday evening, has put the priority loan potential at ₹24,471.22 crore.

Agriculture, the predominant sector of the district, has once again taken the lion’s share.

While ₹19,606.34 crore will be given as loan for farmers, dairy farmers and allied activities, the micro, small and medium industries of the district will receive the credit of ₹3,569.30 crore. Apart from this, ample allocations has been made for giving educational loan (₹42.16 crore), housing loan (₹3512.63 crore) and ₹901.79 for other priority sectors, including services sector.

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