The Hindu Business Line : Karnataka Bank plans to extend more agri credit

IN its endeavour to take agriculture credit portfolio to 18 per cent of the net bank credit by 2008, Karnataka Bank has initiated steps such as reducing exposure to a particular sector and has been looking at exploring untapped potential sectors.

It has identified 108 `green branches' for effective disbursal of agriculture credit.

`Agri Vision 2008', an integrated action plan for agriculture credit sector, envisages the bank broadbasing the agriculture credit portfolio to Rs 2,200 crore by March 2008 against Rs 467 crore in March 2003.

Mr Anantakrishna, Chairman and CEO, told Business Line that the bank conducted an in-house nationwide survey during September-October 2003 to assess the potential areas for agriculture credit expansion.

"It was a unique in-house survey taken up by any bank, not a statistical gimmick."

The survey has helped the bank get first-hand information on potential centres and the areas to be focused, he added.

Based on the potential of agriculture lending, `Agri Vision 2008', has identified Mumbai, Delhi, Chennai and Bangalore as regions with "good scope" for lending; Mysore, Mangalore and Shimoga as regions with "moderate scope"; and Hubli as region with "limited scope".

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