Madhya Pradesh has launched an annual credit plan of Rs 5,00,856 crore for the financial year 2026-27, aiming to increase lending across agriculture, industry and priority sectors to support the state’s economic growth.
Chief Secretary Anurag Jain released the Annual Credit Plan 2026-27 at the state secretariat on Friday. He asked the Finance Department and the State Level Bankers’ Committee (SLBC) to ensure that district-level credit plans are implemented effectively.
The new lending target is 119.5% of last year’s target of Rs 4,19,110 crore, reflecting a significant increase in planned credit flow across the state.
Agriculture has received the highest priority in the new plan. The target for farm credit has been set at Rs 1,28,866 crore, while the crop loan target stands at Rs 88,638 crore. Overall, the agriculture sector has been allocated a lending target of Rs 1,65,117 crore.
The state has also set an ambitious target of Rs 1,62,967 crore for the micro, small and medium enterprises (MSME) sector, in line with its focus on industrial growth and investment.
The renewable energy sector has recorded the highest growth in the annual plan. Officials said the lending target for the sector has increased by more than 731% compared with last year’s target.
The plan allocates Rs 3,45,915 crore, or around 69% of the total annual credit plan, to priority sectors. Officials expressed confidence that coordinated efforts by banks, the state government, the Reserve Bank of India (RBI) and NABARD would help achieve the lending targets during FY27.
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