Rs 869 cr credit plan for B'lore Urban dt

 The credit includes Rs 768.64 crore towards the priority sector.

Deputy Commissioner M K Aiyappa released the credit plan in Bangalore on Tuesday. The lead and subsidiary banks of the district will have to meet the target of credit plan in the year. Of the total outlay of Rs 768.64 crore, a sum of Rs 149 crore has been earmarked for agriculture, Rs 314.16 cr for the non- farm sector and Rs 304.97 crore towards the tertiary sector.

Aiyappa said the Central government has projected the growth of agriculture sector by 4 per cent and infrastructure sector by 9 per cent in the coming year. To achieve the target both the sectors should be supported by sufficient credit flow.

The urban district comprises area covered under four taluks - Anekal, Bangalore North, Bangalore South and Bangalore East. These taluks have been allocated Rs 195.79 cr (Anekal), Rs 344.12 cr (Bangalore North), Rs 149.06 (Bangalore South) and Rs 180.87 (Bangalore East).

The credit allocation to agriculture sector has increased by 17 per cent compared to the allocation made in the last year (2009-10). Similarly, the total allocation to priority sector has also gone up by 17 per cent. As many as 103 branches of banks including the lead bank Canara Bank operating in the district, will facilitate the credit flow.

Canara Bank released the credit plan for Bangalore Rural district on the same day. The total credit for the district is Rs 452.90 crore. Of that Rs 251.44 crore has been earmarked for agriculture and allied sectors.