The Annual Credit Plan for Erode district for the financial year 2026-27, with a lending target of ₹36,205.08 crore targeted for the core sectors, was released by the district Collector S. Kandasamy on Tuesday (July 7, 2026).
Prepared by Canara Bank, the plan has earmarked ₹21,342.09 crore for agriculture, ₹14,211.75 crore for the Micro, Small and Medium Enterprises (MSME) sector, and ₹651.24 crore for other priority sectors. The overall target is 19.65% (₹5,947.09 crore) higher than the 2025-26 target.
According to an official release, the credit plan has been prepared based on the Potential Linked Credit Plan (PLP) for 2026-27 formulated by the National Bank for Agriculture and Rural Development (NABARD). In 2025-26, banks in the district surpassed the core sector lending target of ₹30,257.99 crore by disbursing ₹32,315.34 crore. Agriculture loans amounted to ₹19,933.62 crore against a target of ₹18,918.01 crore, while lending to the MSME sector stood at ₹11,838.20 crore against the target of ₹10,551.28 crore.
NABARD Assistant General Manager Ashok Kumar, Canara Bank Assistant General Manager (Erode Region) M. Someshwar Rao, District Industries Centre General Manager Thirumurugan, Lead District Manager Vivekanand, and representatives of various banks were present.
Published - July 08, 2026 07:08 pm IST