economy

Puducherry Annual Credit Plan for 2026-27 Set at ₹17,500 Crore

Published on: 18 Jun 2026, 01:51 PM

The State-level Bankers Committee (SLBC) has proposed an Annual Credit Plan (ACP) of ₹17,500 crore for the Union Territory of Puducherry for the fiscal year 2026-27. This marks an increase of ₹5,400 crore over the previous year's plan of ₹12,100 crore, representing a growth rate of 44.62%.

The largest share of the credit outlay has been allocated to agriculture, with ₹11,700 crore earmarked for the sector. The Micro, Small and Medium Enterprises (MSME) sector has been allocated ₹5,130 crore, while other priority sectors have been assigned ₹670 crore.

The ACP for 2026-27 was released by Shiv Bajrang Singh, Executive Director and Chairman of SLBC and Indian Bank, along with Krishna Mohan Uppu, Secretary to Government (Finance), Union Territory of Puducherry. The meeting was attended by P.S. Harikrishnaraj, General Manager of NABARD, Chennai Regional Office; Sathish Kumar, Lead District Manager; and officials from various banks.

Prior to the meeting, a Memorandum of Understanding (MoU) was signed between Indian Bank and the Puducherry government for the allotment of land for the construction of a building for the Rural Self Employment Training Institute.

Source: The Hindu

Latest in Economy 10

economy

Tamil Nadu expands Singapengal credit scheme to cover youth, marginalised segments

The Tamil Nadu government will expand the Singapengal Entrepreneurship Credit Scheme to cover youth and marginalised communities, with a 25% increase in loan disbursement. Cooperative banks have been directed to prioritise new members and review pending applications.

The Hindu 02 Aug 2026, 05:18 PM

economy

Centre, Andhra Pradesh announce relief package for tobacco farmers

The Union and Andhra Pradesh governments announced a relief package for tobacco farmers, including interest-free loans of ₹50,000 each and price support incentives. Exporters have agreed to minimum purchase prices, while the Tobacco Board will accelerate auctions to ease distress caused by oversupply.

The Hindu 02 Aug 2026, 03:06 PM

economy

Taxpayer's Rs 1.14 Crore Income Tax Payment Sparks Debate on Public Value

An anonymous taxpayer's viral post about paying Rs 1.14 crore in income tax has sparked a nationwide debate on whether honest taxpayers receive adequate value through public services, with many calling for better transparency and accountability.

NDTV 02 Aug 2026, 10:47 AM

economy

Bengaluru Woman's Appeal to Young Earners: Prioritise Saving Over Lifestyle Splurges

A Bengaluru woman's social media video advocating for greater savings among young earners has sparked a debate on lifestyle inflation. While some support her call to control spending, others believe focusing on increasing income is more important.

NDTV 02 Aug 2026, 01:44 AM

economy

Chennai Corporation seeks ₹233 crore from State as liabilities cross ₹3,400 crore

The Greater Chennai Corporation has sought ₹233 crore in short-term financial assistance from the Tamil Nadu government as its total liabilities touch ₹3,434 crore. The civic body is also reviewing spending and stepping up property tax collection to ease the pressure.

The Hindu 01 Aug 2026, 02:08 PM

economy

Operation Aurum: Kerala GST raids expose ₹70 crore tax suppression in jewellery trade

Kerala's State GST department conducted coordinated raids across 79 locations, uncovering tax suppression worth ₹70 crore in the jewellery trade. Initial fines of ₹2.87 crore have been collected, with further scrutiny expected to reveal additional evasion.

The Hindu 01 Aug 2026, 11:43 AM

economy

Uttar Pradesh International Trade Show to spotlight state's manufacturing and export potential

The fourth edition of the Uttar Pradesh International Trade Show is scheduled to be held in Greater Noida from September 25-29. Chief Minister Yogi Adityanath has reviewed preparations, aiming to showcase the state's industrial potential and boost exports. The event targets over 2,400 exhibitors and expects business inquiries worth more than ₹13,500 crore.

The Hindu 01 Aug 2026, 12:24 PM

economy

Karnataka's Kolar mangoes make debut air shipment to Maldives, fetch farmers better prices

Karnataka has exported its first air shipment of Totapuri and Neelam mangoes from Kolar to the Maldives, offering farmers significantly better prices than local markets. The initiative, driven by APEDA, provided a much-needed relief to growers hit by low domestic prices.

The Hindu 01 Aug 2026, 10:38 AM

economy

BPCL launches Bharatgas Lite ZIP: 10kg composite LPG cylinder with 4-hour delivery

BPCL has launched Bharatgas Lite ZIP, a premium LPG service featuring a 10kg fibre composite cylinder with instant connection and delivery within four hours of booking. The product debuted in 30 cities on July 31, with plans for nationwide expansion.

The Hindu 01 Aug 2026, 10:17 AM

economy

Kerala readies draft framework to grant Malayalam cinema industry status

The Kerala government is preparing a draft framework to grant industry status to Malayalam cinema, aiming to streamline permits, reduce tariffs, and improve access to credit. The move follows a budget announcement and includes plans for a new film city project.

The Hindu 01 Aug 2026, 05:46 AM

→ View All Economy News