The Jammu and Kashmir government has approved a Rs 1,220-crore District Credit Action Plan for Srinagar for 2012-13 fiscal.

The details of the Action Plan for next fiscal were given out at District Level Consultative Committee meeting chaired by District Development Commissioner Srinagar Baseer Ahmad Khan and attended by Lead Bank Officer, District Officers and representatives of various financial institutions operating in the district, an official spokesman said on Wednesday.

An amount of Rs 30.67 crore have been fixed for agriculture and allied sectors under the plan while Rs 265.90 crore have been approved for small enterprises and Rs 27.50 crore for micro credit, he said.

The spokesman said Rs 20 crore have been approved for education, Rs 140 crore for housing and Rs 640 crore for non-priority sector, besides Rs 96.57 crore has been earmarked to accommodate unemployed educated youth of the district.

He said an amount of Rs 603.39 crore was disbursed for setting up 22963 units by the financial institutions under the priority sectors, while Rs 363.68 crore were disbursed under non-priority sector during current fiscal in the district.