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Our Bureau

Mangalore , March 31

THERE has been an increase of nearly 30 per cent in the annual credit plan for Dakshina Kannada district for 2004-05 compared to the previous year.

The credit plan, which was launched at the District Consultative meeting for Banking Development here recently, has projected an outlay of Rs 1,237.7 crore for the district compared to Rs 951.36 crore for 2003-04.

A press release said here on Wednesday that Rs 940.18 crore has been earmarked for priority sector and Rs 297.52 crore for non-priority sector. In the priority sector, Rs 241.77 crore has been earmarked for farm sector, Rs 154.78 crore for small-scale industries and rural artisans, and Rs 543.63 crore for tertiary sector.

Syndicate Bank, the lead bank of the district, has proposed a credit outlay of Rs 268.95 crore followed by ICICI Bank with Rs 186.45 crore, Canara Bank with Rs 158.62 crore, South Canara District Central Co-operative Bank with Rs 144.50 crore, Corporation Bank with Rs 125.44 crore, Vijaya Bank with Rs 71.84 crore, State Bank of India with Rs 61.09 crore and Karnataka Bank with Rs 51.37 crore.

The annual plan has earmarked an outlay of Rs 916.32 crore for Mangalore taluk followed by Rs 110.41 crore for Puttur, Rs 73.3 crore for Bantwal, Rs 70.49 crore for Sullia and Rs 67.18 crore for Belthangady taluk.

As on December 2003, the total deposits of 342 bank branches in Dakshina Kannada district stood at Rs 5,566.15 crore and the credits at Rs 2,635.72 crore.

The release said that though there was a target to credit link 3,250 self-help groups (SHGs) in the district during 2003-04, 5,923 SHGs were credit linked.

The Regional Manager of Syndicate Bank, Mr B.K. Bhat, the Lead District Manager, Mr Anantaram, the Assistant General Manager of Nabard, Mr Venugopal Arkeri, and the RBI Manager, Mr S.K. Anthony, attended the meeting.

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