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Karnataka
Rs. 557-cr. credit plan for agriculture
Staff Correspondent
Chitradurga: Canara Bank, Lead bank of the district, plans to extend credit to the tune of Rs. 904 crore during 2011-12.
The bank has set aside about 71 per cent of this credit, which works out to around Rs. 557 crore, to the agriculture sector. For non-farm sector, the bank has reserved Rs. 41.68 crore, which works out to 5 per cent of the total allocation. For other priority sector, the bank has earmarked Rs. 189 crore (24 per cent). “On the whole, the bank has set aside Rs. 787 crore for priority sector and Rs. 117 crore for non-priority sector,” said Mokashi, Assistant General Manager of Canara Bank, who was present at a function organised to release the plan here on Thursday.
Chitradurga Zilla Panchayat Chief Executive Officer Rangegowda, after releasing the plan, urged the banks and their implementing officials to ensure that the targets were met and the loans utilised properly.
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