Karnataka   

Rs. 990.16-cr. outlay for Davangere

DAVANGERE: Chief Executive Officer of Davangere Zilla Panchayat Nijalingappa presented the district credit plan with an outlay of Rs. 990.16 crore at a meeting here recently.

Of this, over Rs. 890 crore has been earmarked for the priority sector under which agriculture gets over Rs. 657.83 crore. The other priority sectors have been set aside Rs. 202 crore.

The share of the commercial banks in the district credit plan is Rs. 509.09 crore, Mr. Nijalingappa said and added that the Pragathi Grameena Bank contributes Rs. 179.56 crore, cooperative banks Rs. 197.40 crore and the Karnataka State Finance Corporation contributes Rs. 4.60 crore to the outlay.

Mr. Nijalingappa said that there was an increase of 14 per cent in the allotment to the priority sector. He pointed out that there was an increase of 12 per cent for agriculture sector. There was an increase of over 79 per cent for small scale industries.

Vishwanath, Lead Bank Manager, and Nanda Kumar of Reserve Bank of India and Rudrappa, Deputy Secretary of the panchayat were among others who participated in the meeting.

Earlier, bank representatives expressed helplessness to provide loans to unemployed educated rural youth, a proposal which was mooted recently by the president of the Davangere Zilla Panchayat Y. Ramappa.

They noted that there are many schemes introduced by the Union and the State governments to help unemployed rural youth financially.

An apparently disappointed Mr. Ramappa asked them to furnish details of how many unemployed rural youth had been provided loans in the last year under different schemes.

He said that youth had appealed to him to either get them jobs or get them loans from banks to set up small shops of their own to earn a livelihood.

He said that many rural youth who could not afford to set up shop on their own, had become idle and the panchayat wanted to help them out. He called upon banks to help the rural youth financially without demanding too many documents.

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