Comments
The district credit plan for Dakshina Kannada for 2011-12 has envisaged an outlay of Rs 4,078 crore.
The Chief Executive Officer of Dakshina Kannada Zilla Panchayat, Mr P. Shivashankar, launched the district credit plan for 2011-12 here on Wednesday.
Speaking on the occasion, Mr Udayakumar Holla, Lead Bank Manager, Syndicate Bank, said that of the Rs 4,078 crore, priority sector credit will be for Rs 3,141 crore.
Out of priority sector advances, agriculture sector gets Rs 1,443 crore — constituting 28 per cent of the plan. Secondary sector such as small-scale industries and non-farm sector accounts for Rs 431 crore. Allocation to other priority sectors such as small and road transport, business, education, housing, self-help groups and joint liability group lending is Rs 1,267 crore. Non-priority sector gets Rs 937 crore. Out of the total plan, commercial banks contribute Rs 3,105 crore, South Canara District Central Cooperative Bank gives Rs 870 crore. Syndicate Bank leads with a credit outlay of Rs 896 crore among the commercial banks, followed by Canara Bank with Rs 525 crore.
He said that the banks have made appropriate allocation under the credit plan lending to Government-sponsored schemes to the extent of Rs 80 crore.
Out of this, Rs 10 crore is earmarked for Swarnajayanti Gram Swarojgar Yojana, Rs 10 crore for Prime Minister's Employment Generation Programme, Rs 2 crore for Swarna Jayanti Shahari Rozgar Yojana, and Rs 50 crore for other schemes.
Mr Holla said that the credit plan was prepared by Lead District Office of Syndicate Bank by consolidating branch credit plans of 426 branches of 42 banks operating in the district.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.