Kerala - Kozhikode   

Kozhikode district exceeds target in PMRY scheme

By Our Staff Reporter

KOZHIKODE, APRIL 1. The district exceeded the target and recorded a 102 per cent achievement in disbursement of loans under the Prime Minister's Rozgar Yojana (PMRY) scheme, according to the District Industries Centre (DIC).

A total of 2,252 persons were allotted Rs. 1,275 lakhs as loan in the district under the scheme.

Banks in the district helped in meeting the target by disbursing financial aid to those in the backward and coastal areas. The Thamarassery branch of the State Bank of Travancore (SBT), Puthuppady and the Pullooram Para and Thamarassery branches of South Indian Bank (SIB) disbursed loans more than those set in the target for dairy, bee-keeping and goat-rearing units in the backward and hilly regions of the district. Fishing vessels that could generate employment to 45 to 65 persons each was sanctioned on a group basis, besides more than 200 micro enterprises in the coastal regions of the district under the PMRY scheme. Dena Bank, Puthiyara branch of SBT, Mavoor Road and Koilandi branches of Syndicate Bank, Bank Road and Koilandy branches of Punjab National Bank (PNB) and Nadakkavu branch of Federal Bank extended loans for fishing vessels.

Elettil branch of Canara Bank came forward to finance five group enterprises under Vishwakarma Sabha in the first three clusters formed as part of cluster formation under the scheme.

The first of these units will function from April 8.

Perambra branch of the Federal Bank disbursed credit of Rs. 40 lakhs to 40 persons for the first fan-manufacturing unit under the scheme for physically challenged and women. The unit began functioning on January 31.

The second unit was financed to the extent of Rs. 36 lakhs to benefit 36 persons by Mavoor Road branch of Federal Bank. This unit is gearing up to operate from May first week.

DIC was assisted in imparting training for the formation of clusters in employment schemes by Government Polytechnic, West Hill and Government Women's Polytechnic.

The Polytechnic at West Hill has chalked out a special programme for providing training for projects undertaken by DIC on a group basis.

Even ICICI, a new-generation bank, has sanctioned loans overshooting the target for the PMRY scheme.

Printer friendly page  
Send this article to Friends by E-Mail

Kerala

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

Kozhikode district exceeds target in PMRY scheme

Copyright © 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu