At the release function here, Canara Bank General Manager J S Vasan said that there has been a quantum leap in the present outlay compared to that of last year, which stood at Rs 565.71 crore.
“The availability of infrastructure will facilitate timely and smooth flow of institutional credit. The objective of the plan can be fulfiled with the co-ordinated efforts of both the financial institutions and government agencies supplemented by support from district administration,” the General Manager told reporters.
The plan for 2008-09 envisages total credit outlay of Rs 695.63 crore, out of which a provision of Rs 603.47 crore has been made for various priority sectors.
The four taluks in the district - Anekal, Bangalore North, Bangalore South and Bangalore East - will be provided with a credit plan of Rs 157.52 crore, 249.5 crore, 138.99 crore and 149.61 crore respectively.
The agriculture sector has been allocated Rs 148.41 crore, while non-farm sector will get Rs 195.87 crore. Other priority sectors have been allocated Rs 131.31 and 127.87 crore respectively. The plan envisages a provision of Rs 11.91 crore for various Central and State-sponsored poverty alleviation programmes.
Zilla Panchayat CEO Mr K S Suryanarayana, Canara Bank DGM Mr S S Kamath, Lead District Manager Mr K B Rajanna and ZP officials were present at the programme.