FOR DEVELOPMENT: Deputy Commissioner M.S. Srikar and other officials releasing the district credit plan for 2006-07 in Dharwad on Friday.

HUBLI: The district credit plan for the year 2006-07 with a total outlay of Rs. 841.18 crores, with an ambition to serve 1,26,426 people was released here on Friday.

The credit outlay has been increased by 11 per cent compared with the current years projection of Rs. 759.35 crores. The credit plan for the priority sector is projected at Rs. 654.40 crores as against Rs. 573.78 crores for the current year.

Under the priority sector advances to the primary sector (agriculture), the banks have made a credit allocation of Rs. 247.05 crores. The increase in the allocation compared to the current year is 33 per cent.

There has been 25 per cent increase in the allocation for crop loans also.

The allocation for crop loans under the plan is fixed at Rs. 174.71 crores, where is Rs. 140.13 crores for the current year.

While there is an increase of 36 per cent in the projections for minor irrigation at Rs. 4.56 crores, there is whopping 193 per cent increase in the projections for land development sector at Rs. 3.58 crores. The credit plan envisages major land development works in Dharwad and Navalgund blocks. Considering the good demand during the last year, relaxations and encouragement given by banks through Memorandums of Understanding with tractor manufacturers, Rs. 41.34 crores has been projected in the plan under the farm mechanisation head.

According to the plan, while plantation and horticulture are to get an allocation of Rs. 3.59 crores, miscellaneous agricultural activities have been allocated Rs. 12.38 crores with an aim of covering 1,231 farmers.

The credit plan has brought down the allocations for dairy activity from Rs. 11.84 crores to Rs. 4.87 crores. In 2005-06, Canara Bank a made a projection of Rs. 8 crores considering a commercial dairy project in the pipeline because of which the projection for the dairy activity was fixed at 11.84 crores. Since the project did not take off, the target was not met and consequently this year a realistic target has been set, bank officials said.

More attention

Releasing the District Credit Plan, M.S. Srikar, Deputy Commissioner, called upon bank officials to pay more attention towards to ensure that economic schemes under the priority sector reach the beneficiaries.

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