District credit plan proposed at Rs 3856.82 cr

District credit plan proposed at Rs 3856.82 cr

Agriculture gets the lion’s share of Rs 1340.05 crore

Deputy commissioner P S Vastrad, ZP CEO G Satyavathy, general manager, SBM, K Lakshmisha, chief manager, Lead Bank, Mysore, M B Chinnappa and others release credit plan in Mysore on Friday. DH PhotoAs part of the Lead Bank scheme, Lead Bank of the district, State Bank of Mysore, on Friday launched the district credit plan for the year 2012-13.

General manager of State Bank of Mysore K Lakshmisha, who proposed the plan, said: “The total credit outlay is put at Rs 3856.82 crore targeting 3.96 lakh beneficiaries. It records an increase of Rs 947.06 crore against previous year, recording 32.54 per cent growth.

Similarly, the credit outlay for priority sector is estimated at Rs 3123.62 crore to cover 3.59 lakh beneficiaries, an increase of Rs 824.91 crore and 35.88 per cent. The projection for non-priority sector is put at Rs 733.20 crore.”

Out of the total amount earmarked for priority sector, agriculture gets the lion’s share of Rs 1340.05 crore followed by self-employment, education and housing projecting Rs 1096.95.

Deputy commissioner P S Vastrad said banks should also keep track of the beneficiaries. It will in turn motivate them to seek more benefits and take up more development works. He complimented the banks for doing a good job in this regard.

Chief executive officer of ZP G Satyavathy, chief manager of Lead Bank, Mysore, M B Chinnappa, deputy general managers, SBM, N V L Rathan and J Ramakrishnan, AGM of RBI, R Balakrishnan, AGM, Nabard, Mysore, N Aravamudan and general manager of Cauvery Kalpatharu Grameena Bank Prasanna Simharao were present.