The district credit plant for Mysuru for the year 2015-16 envisages a plan outlay of Rs. 6460.50 crore of which the allocation for the priority sector is Rs. 5183.80 crore.
The credit outlay prepared by the State Bank of Mysore which is the Lead Bank, was released here on Thursday and sees an increase of Rs.885.60 crore over the previous year’s plan in allocation for both priority and non-priority sectors.
The allocation under non-priority sector for the financial year 2015-16 is pegged at Rs.1276.70 crore which is a 14 per cent increase over the allocation made in the previous plan.
Of the total outlay of Rs.6460.80 crore, Mysore taluk’s share is Rs.2860.64 crore followed by Hunsur which has an allocation of Rs.769.57 crore. The allocation for other taluks include Nanjangud (Rs.723.64 crore), Periyapatana (Rs.688.38 crore), T.Narsipura (Rs.558 crore), K.R.Nagar (484.76 crore) and H.D.Kote (Rs.375.91 crore).
The allocations are in line with the thrust areas of the Government of India and higher priority has been given to rural development, Government sponsored schemes, credit linkages to self help groups apart from agriculture, small scale industries, small business finance and rural industries under the self-employment and income generating schemes.
While the commercial banks in the district have been given a target of disbursing Rs.3624 crore which is 70 per cent of the total plan outlay, the private sector banks have a target of ensuring credit flow to the tune of Rs.625.86 crore or 12 per cent of the plan outlay. The Regional Rural Banks have a target of disbursing Rs.560.74 crore or 11 per cent of the plan outlay while District Central Cooperative Banks, KSFC etc are the other financial institutions who will pitch in to meet the plan outlay.
Myusru MP Pratap Simha, Deputy Commissioner C.Shikha, Mysore Zilla Panchayat CEO P.A.Gopal, Chief Manager (Lead Bank), SBM, K.N.Shivalingaiah and other bank officials were among those present.
