Priority Sector Rs. 10,764 crore, Non-Priority Sector Rs. 2,525 crore

Mysuru:  The District Credit Plan for the year 2019-20 prepared by the Lead Bank for Mysuru District which envisages a total credit outlay of Rs. 13,289 crore under different segments of priority and non-priority sectors, was released on Thursday.

Bengaluru Reserve Bank of India (RBI) Lead District Officer (LDO) Saroj Bhatia released the District Credit Plan at the Zilla Panchayat Office, which has an outlay of Rs. 10,764 crore for priority sector and Rs. 2,525 crore for non-priority sector.

When compared to last year there has been an increase of 33 per cent. In this, in the priority there has been an increase of 21 per cent (Rs. 1,896 crore) and 30 per cent in the non-priority sector (Rs.589 crore). Out of this Rs. 869 crore has been earmarked for allocation to various government-  sponsored programmes.

In the Agency-Wise Credit Plan, the money allocated for Public Sector Banks is Rs. 7,487 crore, for Private Sector Banks it is Rs. 1,231 crore and for Regional Rural Bank it is Rs. 1,187 crore.  Among the Co-operative Banks, DCC Banks get Rs. 703 crore while Land Development Banks Rs. 79 crore and Rs. 77 crore to KSFC (Karnataka State Finance Corporation) with a total outlay of Rs. 10,764 crore.

A total of Rs. 5,147 crore is meant for Agriculture under Sector Wise Allocation of Plan out of which Rs. 3,477 crore is for crop loans and Rs. 1,670 crore is for term loans. In the SSI/MSME (Small Scale Industries/Micro Small and Medium Enterprises) there is an outlay of Rs. 2,499 crore and for trades and services it is Rs. 3,168 crore.

Out of the total outlay of Rs. 13,289 crore Mysuru taluk gets Rs. 5,495 crore, T. Narasipur taluk Rs. 1,169 crore, Nanjangud taluk Rs.1,463 crore, H.D. Kote Rs. 7,670 crore, Hunsur taluk Rs. 1,502 crore, Periyapatna taluk Rs. 1,441 crore and K.R. Nagar taluk Rs. 1,009 crore.

On the occasion of releasing District Credit Plan outlay, SBI RBO-2 (Regional Business Office)  Mysuru AGM Mahadev Kumar, Lead Bank Chief Manager Venkatachalapathy, Cauvery Grameena Bank Regional Manager Anand Hegde, NABARD Mysuru District Development Manager Manikantan and Mysuru Zilla Panchayat Planning Director Susheela were present.

Rs.10 coin is not duplicate… it is in circulation

RBI Officer clarifies; creating awareness important

Even though Rs.10 coin is in circulation, only in Karnataka the public are refusing to use it. Rs.10 coin has been minted in such a way that it cannot be duplicated. Since its longevity is more than the Rs.10 currency notes, it has been minted and cannot be duplicated. However, people are not coming forward to use it. Awareness should be created about using this Rs.10 coin, said Bengaluru RBI LDO Saroj Bhatia.