Krishna Udupudi, Chief Executive Officer, Koppal Zilla Panchayat, released the Rs. 1,478.97-crore annual credit plan, prepared by the State Bank of Hyderabad, the lead bank of Koppal district, for 2015-16 here on Wednesday.
The outlay has increased by Rs. 305.01 crore registering an increase of 26 percent from the previous year.
The agriculture sector gets the lion’s share of Rs. 950.86 crore, comprising Rs. 595.70 crore and Rs. 355.16 crore, for short-term and long-term loans respectively, 18.63 percent higher than the previous outlay. For industrial development, in the wake of the new industrial policy announced by the government, Rs. 183.88 crore had been set aside.
For housing, education and other economic activities, the outlay is Rs. 344.23 crore, according to Abid Hussain, General Manager, State Bank of Hyderabad, Ballari.
V. Srinivas, Assistant General Manager, Reserve Bank of India, Bengaluru, T. Sudhir, General Manager, National Bank for Agriculture and Rural Development, Chandrashekaraiah, AGM, State Bank of Mysore, Ravindra D. Shirur, Lead District Manager, were present.
Agriculture sector gets the lion’s
share with Rs. 950.86 crore
For industrial development Rs. 183.88 crore
had been set aside
