Rs. 4,900 crore credit plan for DK next fiscal year

Help dairy sector as dist faces shortage of 1 lakh litre milk per day

The final meeting of the District Level Review Committee and District Consultative Committee for the financial year 2011-2012 approved a credit plan of Rs 4900 crore for the district for the next financial year.

The meeting chaired by Dakshina Kannada Zilla Panchayat Chief Executive Officer Dr K N Vijayaprakash allocated Rs 1957 crore for the agriculture sector. Small and Micro enterprises will be getting Rs 398 crore and other priority sectors will have Rs 1522 crore. Under farm sector, special allocation of Rs 125 crore has been made on allied activities (dairy, poultry, goat rearing), rural godowns to encourage income generating activities and creation of storage infrastructure in rural areas. Education and housing sectors will get an allocation of Rs 216 and Rs 630 crore respectively.

Reviewing the progress of banking sector, the ZP CEO observed that despite good growth under credit and credit disbursement, credit deposit ratio has dipped. “Liquidity is a major problem for bankers. But the bankers had achieved good business,” he said. The CEO informed that banks have already sanctioned 251 loans under the ‘Namma Mane Scheme’ and will achieve the target by March 20.

The banking sector has achieved business level of over Rs 29000 crore at the end of third quarter of 2011-12 consisting of Rs 19000 crore deposits and Rs 10500 crore advances. Under lending to women, minorities, weaker section, agriculture and priority sector, the banks have surpassed bench mark levels prescribed by RBI.

The meeting observed that the milk production in the district requires attention.

Currently the district is facing a shortage of one lakh litre of milk per day. To increase the production of milk in order to attain self sufficiency, there is a need to put more effort, said CEO Dr K N Vijayaprakash. He said that the credit market potential for dairy alone in the district is about Rs 100 crore. For achieving self sufficiency in goat rearing, CEO opined that such projects for the development of goat rearing should start in a micro level choosing any village under pilot basis, and after observing the progress, should allocate more funds accordingly.

Syndicate Bank Deputy General Manager J S Shenoy, NABARD Assistant General Manager Prasad Rao, M S Hasan from Reserve Bank of India, DRDA Project Director Seethamma and others were present during the review meet.