24 per cent increase in outlay over last fiscal
M. Manjunath Naik, chief executive officer of the zilla panchayat, on Thursday released the annual credit plan (2013-14) for the district with a total outlay of Rs. 3,369.61 crore.
The credit plan, which was prepared by Syndicate Bank, the lead bank, shows a 24 per cent increase in outlay over last year’s Rs. 2,712 crore.
In the current plan, allocation for priority sector stands at Rs. 2,897.93 crore. Of this, 69.2 per cent (Rs. 2,005.42 crore) has been set aside for agricultural credit, Rs. 304.5 crore for the non-farm sector and Rs. 588.01 crore for other priority sectors. The outlay for the non-priority sector is Rs. 471.68 crore.
The highest allocation of Rs. 1,263.97 crore (43.61 per cent) is for crop loans while Rs. 741.45 crore has been earmarked for term loans.
The allocation for other sectors in agriculture is as follows: Minor irrigation - Rs. 123.81 crore, land development - Rs. 157.17 crore, farm mechanisation - Rs. 179.96 crore, plantation and horticulture - Rs. 42.83 crore, forestry/wasteland development - Rs. 1.33 crore, dairy - Rs. 46.16 crore, poultry - Rs. 23.64 crore, sheep/goat/piggery - Rs. 15.39 crore, fisheries - Rs. 7.04 crore, storage facility, godowns/market yards - Rs. 77.88 crore, and other agricultural advances - Rs. 66.24 crore.
As against the total credit allocation of Rs. 1,827.95 crore under priority sector advances during 2012-13, the disbursement stood at Rs. 1,884.71 crore, recording 103.07 per cent achievement till December 2012. As against the credit outlay of Rs. 281.73 crore, Rs. 707.55 crore had been disbursed, showing 251.14 per cent achievement in the non-priority sector during the same period.
K. Srinivas, Assistant General Manager, Reserve Bank of India, Bangalore; S.S.K. Bharadwaj, Assistant General Manager, National Bank for Agriculture and Rural Development; K.N. Chandrashekar, Assistant General Manager, State Bank of Mysore; Venkatarama Rao, Assistant General Manager, State Bank of Hyderabad; and A.V. Vasanth Kumar, Assistant General Manager, Syndicate Bank, were present.