The Hindu Business Line : Dakshina Kannada credit plan fixed at Rs 2,826 cr

The district credit plan of Dakshina Kannada for 2008-09, which was launched in Mangalore on Wednesday, has shown an increase of 22 per cent over the credit plan for 2007-08.

The credit plan for 2008-09 has been prepared with an outlay of Rs 2,826 crore as against Rs 2,311 crore for 2007-08, recording a growth of 22 per cent.

The priority sector credit with Rs 1,910 crore constitutes 68 per cent of the total outlay for 2008-09.

Out of the total priority sector outlay, agriculture sector gets a major share of Rs 709 crore.

The secondary sector such as small-scale industries and non-farm sector account for Rs 350 crore.

The amount allocated for other priority sector elements such as small and road transport, business, education and housing is Rs 852 crore.

Non-priority sector has got a share of Rs 916 crore, which constitutes 32 per cent of the credit plan outlay.

The credit plan was prepared by the lead district office of Syndicate Bank, by consolidating the branch credit plans of 370 branches of 45 banks operating in the district.

Out of the total plan, commercial banks contribute Rs 2,093 crore, followed by South Canara District Central Cooperative Bank with Rs 667 crore.

Amongst commercial banks, Syndicate Bank contributes an outlay of Rs 612 crore followed by Canara Bank with Rs 363 crore.

The Deputy Commissioner of Dakshina Kannada, Mr M. Maheshwara Rao, launched the credit plan, in the presence of Mr K.U. Shanbhag, Deputy General Manager of Syndicate Bank, in Mangalore on Wednesday.

BANKS’ BIZ

The district consultative meeting for banking development, which was held on the occasion, was informed that the banks in the district crossed a business level of Rs 15,812 crore as on December 2007.

This includes deposits of Rs 9,686 crore and advances of Rs 6,126 crore.

At the end of December 2007, the credit-deposit ratio of the district was 63 per cent.

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