B'lore Rural district credit plan released

 The District Credit Plan (DCP) 2014-15 of Bangalore Rural District was released by Thiruvaranga V Narayanaswamy, president of Zilla Panchayat Bangalore Rural district, here on Friday.

The plan has a total credit outlay of Rs 1,016 crore as against last year’s Rs 806.14 crore. Agriculture and allied activities have received primary importance with an outlay of Rs 550.50 crore, constituting 59.45 per cent of the total priority sector credit. The plan envisages lending to priority sector to the extent of Rs 926 crore, which is 24.80 per cent more than the plan for the previous year - 2013-14.

The DCP covers four taluks of Devanahalli, Doddaballapur, Hoskote and Nelamangala.
The non-farm sector comprising artisans, rural industries, transport operators, retail trade, power looms among others has been allotted a share of Rs 77.5 crore. Other priority sectors include educational loans, housing among others. They have been allotted Rs 298.05 crore.

The credit plan prepared by Canara Bank will coordinate with 153 branches of 35 various banks and financial institutions to reach out to four taluks.
Lead Bank district manager N M Bhat said that emphasis had been given to agriculture including dairy development, floriculture, plantation and horticulture.