DK banks cross Rs 21,379 cr business as on Dec 2009

This level of business is achieved by 407 bank branches in district

 This level of business is achieved by 407 bank branches in the district which includes deposits of Rs 13,789 crore and advances of Rs 7,597 crore.

Speaking at the district-level review committee meeting for banking developments in DK and launching of district credit plan, here on Tuesday, Syndicate Bank Deputy General Manager Sujir Prabhakar said the credit deposit ratio of the district is 55 as on December 2009. Fall in CD ratio is a major cause of concern in the district inspite of increase in deposits by 13 per cent and advances by 7 per cent.

He said under district credit plan, disbursement to priority sector advances was Rs 1,412 crore as against the third quarter target of Rs 1,737crore. This include lending to agriculture - Rs 775 crore, small scale industries - Rs 210 crore and other priority sectors - Rs 427 crore. Banks have lent to 66,737 farmers under Kissan Credit Card scheme, Rs 950 crore to women, Rs 891 crore to weaker sections of the society. The level of priority sector advances in the district is Rs 4,541 crore of the advance which constitute 60 per cent of the total advance. The level of advance to agriculture sector was Rs 1,624 crore which constitute 21 per cent of the total advance. NRI deposits in the district is Rs 2,350 crore which constitute 17 per cent of the total deposit.

Stating that DK is identified as minority concentration district by Central government, he said banks have lent to the extent of Rs 1,160 crore to minorities.

Under Backward Classes and Minorities Development Corporation schemes, banks have sanctioned 114 cases under Chaithanya scheme and 225 cases under Swavalambana scheme. 123 Self-Help Groups were sanctioned loan with subsidy involving Rs 113 lakh under Swarnajayanthi Gram Swarojgar Yojana (SGSY). Swarnajayanthi Shahari Rojgar Yojana is being implemented through municipalities and Mangalore City Corporation. During the year, 81 beneficiaries were financed under Urban Self -Employment Programme (USEP). Under Self-Help Group loan to women, 12 urban women SHGs were financed.

Prabhakar said Namma Mane, a unique housing finance scheme is introduced by Karnataka government wherein interest subsidy at 5 per cent will be provided upto Rs one lakh for construction of houses in Municipal areas. The target is to finance 6,800 houses in the district.

A total of 3,638 SHGs have been formed in the district under Sthree Shakthi programme and banks have sanctioned loans to 277 groups during the year.

A total of 52,855 SHGs were sanctioned loans amounting to Rs 273 crore in the district. Prime Minister Employment Generation Programme is being implemented in the district. During the year, 100 beneficiaries were sanctioned with PMEGP loan, subsidy amounting to Rs 211 lakh as against the target of 120 beneficiaries, he informed.

ZP CEO P Shivashankar, NABARD AGM K P Udupa, Lead District Manager Udaykumar Holla were present.