Collector Unveiling the loan scheme book: Coimbatore district sets Rs.35,170 crore loan target for 2023-2024

District Collector Kranthikumar Pati, released the loan scheme book for banks in the district today at the District Collectorate in Coimbatore, stated that a target of Rs 35,170 crore has been set for disbursement of loans to the Coimbatore district in the loan scheme for 2023-2024, the highest in Tamil Nadu.


Coimbatore: Coimbatore district banks have set a target of disbursing loans to the tune of Rs 35,170 crore in 2023-2024, district collector Krantikumar Padi has said.

Coimbatore District Collector Kranthi Kumar released the annual credit scheme (ACP) book of Coimbatore District Banks for the fiscal year 2023-2024 at the Collectorate auditorium in Coimbatore.



The first copy of the book was received by Canara Bank Deputy General Manager Sobhit Asthana and NABARD District Manager Thirumala Rao.



District Collector Kranthikumar Pati stated on the occasion,

Every year, NABARD prepares and releases a resource-based bank lending scheme for each district. As a result, the Coimbatore district has set a target of disbursing loans through banks to the highest level in Tamil Nadu of Rs 35,170 crore.

A total of Rs 35,170 crore has been targeted for loan disbursement in the 2023-2024 loan scheme - Rs 15,000 crore for agriculture, Rs 18,850 crore for MSME centre, and Rs 1320 crore for other priority loans. This is an increase of Rs 7470 crore over the previous year.

Following that, the District Collector presented the Best Entrepreneur Awards to 5 persons who were trained in RSETI.

Union Budget 2026 lays roadmap for manufacturing, MSMEs and skills: CII Southern Region

CII Southern Region said Union Budget 2026–27 provides policy support for manufacturing, MSMEs, agriculture and skills,...

1054 Park Group students set world record in e-waste awareness drive

A total of 1054 students from Park Group of Institutions created a world record in Coimbatore by identifying and categor...

From kolams to Silambam: Harvest Fiesta lights up VIBGYOR High, Coimbatore

VIBGYOR High Coimbatore celebrated Harvest Fiesta 2026 with a vibrant Pongal event featuring traditional décor, cultural...

Kumaraguru’s Team ReNew secures historic podium at Shell Eco-Marathon 2026 Qatar

Team ReNew from Kumaraguru Institutions secured third place at the Shell Eco-Marathon Asia Pacific 2026 in Qatar, becomi...

Duty-free trade pact with EU a historic boost for Indian textiles: Texprocil

Texprocil Vice Chairman Ravi Sam said the duty-free trade agreement between India and the European Union is historic, re...

AJK College Hosts Workshop on Building Resilient Systems

The Department of Computer Science with Data Analytics at AJK College of Arts and Science conducted a workshop on "Build...