PLAN DOCUMENT: Deputy Commissioner S. Selvakumar releasing the District Credit Plan on Friday. Senior bank officials and Mysore Zilla Panchayat CEO Niranjan are seen. — Photo: M.A. Sriram

MYSORE: The State Bank of Mysore, which is the Lead Bank of the District, released the Annual Credit Plan amounting to Rs. 1,314.85 for the year 2006-07.

The plan outlay is an increase of over Rs. 286.2 crores over the previous year. Of this, the outlay for the priority sector is Rs. 1,029.85 crores and will benefit 1.46 lakh people and the projection for non-priority sector is Rs. 285 crores.

The plan outlay was released by Deputy Commissioner S. Selvakumar here on Friday and B.N. Ramaiah, General Manager (P and D), State Bank of Mysore, Head Office, spelt out the details.

In the priority sector, agriculture segment gets the maximum share with an outlay of Rs. 554.04 crores, which is an increase of over Rs. 122.94 crores compared to the outlay made in the last financial year. Major crops that have cornered a share in the plan are tobacco (Rs. 216.89 crores), sugarcane (Rs. 65.2 crores), paddy (Rs. 33.6 crores), cotton (Rs. 28.2 crores), vegetables (Rs. 11.55 crores) and miscellaneous crops securing Rs. 38.18 crores.

Land development

The minor irrigation sector has been earmarked Rs. 21.34 crores which is an increase of Rs. 6.29 crores over the allocation made last year while land development has been sanctioned Rs. 14.22 crores. Farm mechanisation has been allocated Rs. 38.32 crores which is an increase over 15.49 crores compared to the allocation made during the last financial year and shows a 67.85 per cent increase.

Likewise, the dairy development sector has been allocated Rs.7.07 crores and other allied agricultural activities have been earmarked Rs.24.86 crores. The share of the non-farm sector is Rs.74.56 crores.

The Other Priority Sector lending includes loans and advances to sub-sectors such as transport operators, small business finance for retail traders while business enterprise,s professionals and self-employed persons have been allocated Rs.17.75 crores. Housing loans have been pegged at Rs. 208.04 crores. A sum of Rs.47.30 crores has been allocated towards education loan while self-help groups have been allocated Rs. 30.22 crores by way of loan. The total amount under the head Other Priority Sector has been pegged at Rs. 401.22 crores.

Non-priority sector

The non-priority sector includes personal and consumption loans, non-priority building loans for industries. The overall increase in the outlay for the non-priority sector compared to the allocations made for the last financial year is roughly Rs.47.79 crores and is an increase of 20.15 per cent.

Block-wise allocation

Periyapatana taluk gets 15.48 per cent of the total amount under the priority sector amounting to Rs. 203.59 crores and is an increase of nearly 42.77 crores over the outlay in the year 2005-06. Hunsur block has received Rs. 106.31 crores, which is an increase of 28 crores over the allocation of Rs. 38.31 crores made the last financial year.

Nnajangud block received Rs. 60.30 crores while K.R.Nagar has received Rs. 67.88 crores. Similarly, the allocation for T. Narsipura is Rs. 50.92 crores and H.D. Kote taluk has been earmarked Rs. 49.79 crores.

The credit plan has also been extended to parts of urban Mysore and the total outlay projected for the city is Rs. 497.04 crores, which is 56 per cent of the amount allocated under the total priority sector for the entire district. A salient feature of this year's district credit plan is the participation in the exercise by new generation banks such as the ICICI, HDFC and UTI.

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