Bank credit in Telangana projected to rise 13% to ₹9.72 lakh crore in FY27
The State Level Bankers’ Committee in Telangana has projected a 13% increase in bank credit, reaching ₹9.72 lakh crore for the fiscal year 2026-27. This growth is attributed to various sectors, including a significant rise in disbursements for micro, small, and medium enterprises. The plan was unveiled by Deputy Chief Minister Mallu Bhatti Vikramarka, highlighting the state's economic development initiatives.
- ▪The projected credit disbursement for FY27 is ₹9,72,253 crore, a 12.99% increase from the previous year.
- ▪Disbursals under Priority Sector Advances are expected to reach ₹4,34,015 crore, an 11.8% increase year on year.
- ▪Micro, small, and medium enterprises (MSMEs) are projected to receive ₹2,30,491 crore, marking a 13.23% increase over the last fiscal.
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The State Level Bankers’ Committee (SLBC) Telangana launched the annual credit plan 2026-27, projecting credit disbursement, by the banks in the State during the fiscal, at ₹9,72,253 crore.The projection corresponds to a 12.99% increase compared to the disbursement in the previous fiscal year, State Bank of India (SBI) General Manager and SLBC Convenor Satish Kumar said, in a presentation, after Deputy Chief Minister Mallu Bhatti Vikramarka unveiled the credit plan.Disbursals under Priority Sector Advances for 2026-27 are projected at ₹4,34,015 crore, an increase of 11.8% year on year; while the Agricultural Sector disbursals, for 2026-27, are expected to 9.52% higher at ₹1,81,035 crore.Short term production credit disbursals are expected to be ₹96,920 crore, an increase of 8.29% over the…
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