Staff Correspondent

The credit plan shows this increase to be Rs. 41.83 crore

  • Increase in outlay for horticultural and dairy activities
  • Minor reduction in outlay for land development activities

    GULBARGA: The Annual Credit Plan for the year 2007-08 released by the State Bank of India, which is the lead bank of the district, for all the scheduled, cooperative and non-scheduled banks in the district has shown an increase of Rs. 41.83 crore in the outlay fixed for crop loans from that in last's year's plan. It has increased from Rs. 336.19 crore to Rs 378.02 crore.

    According to official sources, the largest portion of the outlay for agriculture and related activities has gone towards crop loans. Of the Rs. 534.27 crore fixed for the sector for 2007-08, Rs. 378.02 crores is for crop loans and Rs. 32.29 crore for minor irrigation.

    Land development

    However, there has been a minor reduction in the outlay for land development activities as compared to that of last year. While it was Rs. 17.57 crore last year, it has been fixed at Rs. 15.75 crore for this year, which is a decrease of Rs. 1.82 crore. Similarly, there has been a decrease in the outlay for farm mechanisation from Rs. 69.47 crores to Rs. 60.67 crore.

    Horticulture

    Sources said there had been a significant increase in the outlay for horticultural and dairy activities. The outlay for horticulture had been fixed at Rs. 12.30 crore, which was an increase of Rs. 2.67 crore from that of last year, and for dairy activities it had been fixed at Rs. 14.67 crore, which was an increase of Rs 2.97 crore from that of last year.

    There had also been a significant increase in the outlay for the non-farm sector, from Rs. 52.25 crore to Rs. 78.24 crore, the sources said.

    Other priority sectors

    The outlay for other priority sectors has seen a jump of Rs. 18.17 crores, mainly due to the expected increase in the credit flow for education loans, housing loans, transport operators, retail traders and business loans. An outlay of Rs. 170.45 crore has been fixed for these sectors.

    Sources said that owing to the vast scope for banks to increase the credit flow under personal loans, consumption loans and other utility loans, the outlay for the non-priority sector had been fixed at Rs. 86.38 crore, which was increase of Rs. 21.72 crore.

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