Finance Minister Thangam Thennarasu pointed out that the state’s line of credit ratio is 126%, one of the best credit ratios in the country. |Picture source: File Photo
Tamil Nadu Finance Minister Thangam Thennarasu released the Annual Credit Scheme (ACP) for 2025-26, which has been determined to be Rs 9 lakh.
He released the ACP at the 182nd State Bankers Council (SLBC) meeting, the convener of the overseas banks in India. According to a press release, the annual credit plan under priority industry loans is Rs 9,001,81 crore, with an estimated growth rate of 21.12% in 2024-25.
In his speech, Mr. Tenarrasu proactively praised the banks in Tamil Nadu in terms of priority sector loans, especially in the fields of agriculture and micro, small and medium enterprises, as well as the implementation of government sponsored programs.
He noted that the state’s credit line of 126% is one of the best credit rates in the country. He asked all banks to work more actively to achieve the ACP 2025-26 target.
The meeting discussed financial inclusion and credit growth in the priority sector for the fiscal year ended March 2025. SLBC convener and general manager of the Overseas Bank of India Mohan M. gave a speech.
The press release added that progress in the priority sector increased by 11.93 per cent from Rs 663,993,27 crore as of March 2024 to Rs 743,194,33 crore as of March 2025.
publishing – May 19, 2025 10:21 pm ist
