KSFC sets loan target of Rs 2,000 cr in two years

He was speaking to reporters in the City on his way to Sannatti in Chittapur taluk. Jaamdar said that the activities of KSFC, which had taken a backseat, had improved of late.

Loans amounting to Rs 700 crore are being distributed this year, he said, adding that the target for next year was Rs 1,200 crore.

Jaamdar said there were dues to the tune of Rs 600 crore from borrowers.  KSFC was ready to lend loans ranging from Rs five lakh to Rs 25 crore for those willing to set up industries, he said. Noting that KSFC was not doing well in Gulbarga division, the MD said that the recovery rate was not satisfactory in the division. Borrowers were also not coming forward to take loans in the division, Jaamdar said.

KSFC will hold a divisional review meeting on Friday, he said.

‘Sannatti treasure trove of historical info’

The ‘Buddha stupa’ found at Sannatti had led to a change in the understanding of the history of the Maurya dynasty, said Jaamdar, who is also the special officer of the Sannatti Development Authority.

The government had released Rs five crore for the development of Sannatti and Rs four crore had already been spent, he said. The stone inscriptions found here throw light on a number of new historical facts, said Jaamdar.

More inscriptions found here were being interpreted, he said. As many as 14 stone inscriptions of Ashoka’s period have been discovered in the country. But there is no mention of Ashoka going to any of these places along with his wife in these inscriptions, except in the one found here, said Jaamdar.

He clarified that under no circumstance will the Chandrakala Parameshwari temple at Sannatti be inundated, in the backwaters of the Sannatti barrage, as feared. The barrage can store four tmcft of water and will irrigate 25,000 acres of land to benefit 4,000 farmers, Jaamdar added.


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