Salem district sets ₹42,558 crore credit target for 2026-27
Salem district has set a credit target of ₹42,558.54 crore for the 2026-27 financial year, with a primary focus on agriculture, MSMEs, and infrastructure. The plan represents a 12.16% increase over the previous year's target, aiming to boost rural development and digital banking.
Why it matters
It reflects regional economic planning and the government's strategy to stimulate growth in priority sectors through banking support.
Salem district has fixed a credit target of ₹42,558.54 crore for the 2026-27 financial year under the Annual Credit Plan (ACP), with agriculture accounting for the largest share at ₹25,079.69 crore. The plan was released by District Collector K. Elambahavath at the district bankers’ meeting at the Collectorate recently.
Of the total target, ₹13,594.06 crore has been earmarked for micro, small and medium enterprises (MSMEs) and ₹77.57 crore for education. The plan covers priority sectors, including agriculture, MSMEs, infrastructure, and allied activities. The target is 12.16% higher than the ACP target for 2025-26, the District Collector said.
Banks had been asked to step up lending for agricultural mechanisation, micro-irrigation, and livestock development, besides increasing medium- and long-term credit. They had also been advised to extend greater financial support for education, housing and renewable energy.
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