The Hindu : Karnataka News : Rs. 884-crore credit plan for Uttara Kannada

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Thursday, Apr 02, 2009
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Karnataka

Karnataka

Rs. 884-crore credit plan for Uttara Kannada

Correspondent

It envisages Rs. 794.75 crore for the priority sector

Banks, officials urged to strive for achieving target
Thrust areas are agriculture and horticulture

Karwar: V.G. Turamuri, Chief Executive Officer of Uttara Kannada Zilla Panchayat, unveiled a Rs. 884.36-crore credit plan for Uttara Kannada district for 2009-10 here on Monday.

He said the credit plan envisaged Rs. 50.56 crore more outlay than the previous year’s with a growth rate of more than 6 per cent. For the priority sector, it envisaged Rs. 794.75 crore.

In comparison with potential-linked credit plan of National Bank for Agriculture and Rural Development (NABARD), the priority sector credit outlay is Rs. 10.51 crore higher.

He called upon bankers and government officials to achieve the target set and reach out to weaker sections of society to ensure inclusive development of the district.

He appreciated the efforts of Syndicate Bank, lead bank of the district in formulating the credit plan.

Gururaj Hosur, Lead District Manager, said that the district credit plan is the amalgamation of credit plans of 247 bank branches covering all 11 taluks. He said the priority sector with Rs. 794.74 crore accounts for 90 per cent of the outlay.

The allocation for other priority sector is higher at Rs. 446.02 crore followed by agriculture sector Rs. 278.54 crore and non-farm sector Rs. 70.19 crore. An aggregate credit allocation of Rs. 258 crore is earmarked for small and medium enterprises sector.

Assistant general manager of Syndicate Bank K.T. Rai said that the thrust areas of credit deployment will be agriculture and horticulture sectors.

Banks are keen on covering every eligible farmer under the agriculture credit scheme and bringing every self-help group under the bank linkage programme.

Ravikumar of Reserve Bank of India emphasised the importance of financial inclusion. He called upon bankers to implement the economic stimulus packages of the Government, especially with reference to restructuring of micro and small and medium enterprises.

Ranga Rao of NABARD said that every bank should strive to surpass the target and achieve higher growth rate in accordance with potential.

The district-level review committee meeting in which the district credit plan was launched, later reviewed the implementation of the annual credit plan and government-sponsored schemes. District coordinators of banks and district officers of government departments participated in the meeting.

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