State Level Bankers’ Committee (SLBC), Tamil Nadu

The 186th State Level Bankers’ Committee meeting for the State of Tamil Nadu was convened by Indian Overseas Bank – Convenor on 10^th June 2026 at Chennai, under the Chairmanship of Dr. N Marie Wilson, Hon’ble Minister for Finance, Planning & Development, GoTN. 

The other dignitaries present in the meeting were Mr. M A Siddique, IAS, Additional Chief Secretary, Department of Finance, GoTN, Mr.  Dhanaraj T, Executive Director, Indian Overseas Bank & Chairman SLBC, Tamil Nadu, Mr. Rakesh Srivastava – Chief General Manager, Reserve Bank of India, Mr H Manoj, Chief General Manager, NABARD, secretaries & Department Heads of various departments, GoTN, Senior executives / officials from RBI, NABARD, State Government, Banks and LDMs across the State.

Finance Minister Dr. N. Marie Wilson released the Annual Credit Plan (ACP) for FY 2026-27.   The ACP envisages a credit outlay of ₹10.98 lakh crore, representing a growth of around 12% over the previous year’s target, with the objective of ensuring adequate and timely flow of institutional credit to all productive sectors of the economy and sustaining Tamil Nadu‘s strong growth momentum.

The Credit outlay projected for FY 2026-27 of all Commercial Banks, RRB, Co-operative Banks together to the tune of ₹10.98 lakh crore with the major portion allocated to AGRI, MSME and Other Priority Sectors. Sector wise allocation of Target is

The Finance Minister appreciated the banking fraternity for its outstanding performance during FY 2025-26. Against the ACP target of ₹9.00 lakh crore, the banking sector in Tamil Nadu achieved credit disbursements of ₹9.80 lakh crore, registering an achievement of about 109% of the annual target. The Minister expressed confidence that banks would once again surpass the ACP target set for FY 2026-27.

The performance of the banking sector under various Priority Sector segments, including Agriculture, MSME, Education, Housing and other Priority Sector Advances, was reviewed in detail. The agenda was presented by Ms. Vijaya N., General Manager, Indian Overseas Bank and Convenor, SLBC Tamil Nadu.

A special emphasis was placed on Educational Loans, with the Hon’ble Finance Minister underscoring the importance of supporting students’ aspirations and investing in human capital development. Banks were advised to ensure timely sanction and disbursement of eligible educational loan applications, simplify access to credit for students, and enhance awareness and outreach programmes among students, parents and educational institutions.

SLBC Tamil Nadu reaffirmed its commitment to work in close coordination with the Government of Tamil Nadu, Reserve Bank of India, NABARD and all stakeholders to ensure inclusive, sustainable and balanced economic development across the State.