2.37 lakh to benefit from Lead Bank Scheme

2.37 lakh to benefit from Lead Bank Scheme

Priority sector credit outlay is estimated at ` 2,298.71 crore

Credit policy: MP H Vishwanath releasing the District Credit Plan 2011-12, at the Zilla Panchayat Auditorium, in Mysore on Tuesday. (L-R) S Shivanna, Abhay Nath, ZP CEO G Sathyavathi, MLAs Chikkanna, H P Manjunath and M Satyanarayana are also seen. Dh photoThe plan has recorded an increase of ` 317.21 crore over the previous year, which represents a growth of 12.23 per cent.

The District Credit Plan was unveiled by MP H Vishwanath at the Zilla Panchayat Auditorium, here on Tuesday.

The priority sector credit outlay is estimated at ` 2,298.71 crore to cover 2.17 lakh beneficiaries, with an increase of ` 211.10 crore, an increase of 10 per cent.

Priority sector

Of the credit outlay earmarked for priority sector,  ` 1,053.22 crore is for agriculture. For other priority sectors including self-employment, education and housing,  ` 878.37 crore has been projected.

The projection of non-priority sector has been placed at  `611.05 crore against  ` 594.94 crore of the current year to cover an approximate 0.29 lakh beneficiaries.
Credit to agriculture

In the investment credit towards agriculture and allied agricultural activity,  ` 66.50 crore has earmarked for minor irrigation, is a good 17 per cent increase over the previous year.  ` 43.53 crore has been projected for land development, an increase of 26.06 per cent, while the projections for farm mechanisation are  ` 81.16, up from  ` 76.29 crore.
Projections for Animal husbandry activities are  ` 32.21 crore, an increase of  ` 28.84 crore.

 ` 186.11 crore has been projected for non farm sector (small scale industries, rural artisans) as against  ` 149.81 crore during 2010-11.

Non-farm sector

The share of non-farm sector is to the extent of  ` 895.77 crore against a plan of  ` 887.16 crore during the current year.

Allocation to banks

Allocation to major banks include  ` 919.05 crore to State Bank of Mysore,  ` 429.92 crore for State Bank of India,     ` 512.46 crore for Canara Bank,  ` 197.54 crore for Syndicate Bank,  ` 54.59 crore for Corporation Bank,  ` 73.56 crore for Karnataka Bank and  ` 232.12 crore for Cauvery Kalpatharu Grameena Bank.

Zilla Panchayat CEO G Satyavati, General Manager (P&D), State Bank of Mysore (SBM), Abhay Nath, DGM (D&RB), SBM, S Shivanna, Deputy General Manager, SBM, M D Shivashankar, AGM (DDM), NABARD, G K Ananthamurthy, MLAs Chikkanna, M Satyanarayana, H P Manjunath and others were present at the meet.

Fund  pattern 

Mysore         ` 1192.55 crore       
H D Kote       ` 92.56 crore
K  R Nagar    ` 145.21 crore
Hunsur          ` 234.36 crore
Nanjangud   ` 194.24 crore
Periyapatna ` 303.35 crore
T Narsipur     ` 136.44 crore