Rs. 1,446-cr. credit plan for Shimoga

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Unveiled: Deputy Commissioner T.K. Anilkumar (second from right) releasing the District Credit Plan for 2008-09 in Shimoga on Wednesday.
Unveiled: Deputy Commissioner T.K. Anilkumar (second from right) releasing the District Credit Plan for 2008-09 in Shimoga on Wednesday.

Special Correspondent

Rs. 1,251.48 crore has been set aside for priority sector in the district

Rs. 195.94 crore earmarked for

non-priority sector

Understand problems of people, bank employees told

SHIMOGA: Deputy Commissioner T.K. Anilkumar said here on Wednesday that bank employees should understand the problems of people, particularly of those living in rural areas, while implementing government-sponsored welfare measures.

Releasing the District Credit Plan for 2008-09, he suggested that there should be a qualitative improvement in the implementation of the welfare measures.

“Don’t get buried in the figures, show the actual progress,” he told the implementing officials of the banks.

Though the banks in the district had achieved their targets, there was scope for improving the performance with greater emphasis on development of rural areas where nearly 70 per cent of the people lived, he said.


Mr. Anilkumar said that the growth of agricultural sector had left much to be desired. Banks had to play a bigger role to face the challenges being posed by the slump in the support price for arecanut and sugarcane, he said.

Lead District Manager Sitaram N. Bhat said that the credit outlay for the district had been put at Rs. 1,446.23 crore which was 14.5 per cent more that the previous year’s plan.

A sum of Rs. 1,251.48 crore had been set aside for the priority sector and Rs. 195.94 crore for the non-priority sector, he said. Shimoga taluk accounted for the highest plan outlay at Rs. 435 crore under the priority sector and Rs. 89.22 crore under the non-priority sector, he said.

Mr. Bhat said that Canara Bank had drawn plans for disbursement of Rs. 313.3 crore under the priority outlay of the district.

He said that agriculture and allied activities were the major segments in the priority sector for which Rs. 809.18 crore had been allocated, followed by trade, business and service for which Rs. 366.94 crore had been earmarked. A sum of Rs. 14.98 crore has been set aside for disbursement under various government-sponsored schemes.

He said that the average credit of a bank branch in the district was Rs. 6.33 crore.

Chief Executive Officer of Shimoga Zilla Panchayat Anbu Kumar and Deputy General Manager of Canara Bank, Hassan, Yakub Beary addressed the meeting.

Assistant General Manager NABARD, Shimoga, Krishna and Assistant General Manager of the Reserve Bank of India, Bangalore, R. Sekhar made their observations on the credit plan.

P. Bore Gowda, Administrative Officer of the Karnataka Examination Authority, who served as the Chief Executive Officer of the zilla panchayat for nearly 21 months, was felicitated on the occasion.

Earlier, Regional Manager of Canara Bank, Shimoga, V.R. Bailur welcomed the gathering.




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