Farm gets big chunk in Mysore credit plan

The Rs 1,882.19 crore Mysore territory recognition program for 2008-09 have seen an upward alteration by 10 per cent, about Rs 162.52 crore, over the former year, and covers 202,000 beneficiaries.

The State Depository Financial Institution of Mysore, the Pb bank, and 284 depository financial institution subdivisions in the district, have got together raised their part to the precedence sector by 12 per cent. They have got provided Rs 1,455.91 crore, an addition of Rs 160.84 crore.

Agriculture have received an allotment of Rs 745.97 crore, up by Rs 47.68 crore (7 per cent). Non-agriculture sector (including little scale of measurement industries) have got a 21 per cent higher allotment taking it Rs 110.35 crore, while other sectors comprising of little entrepreneurs, self-employed, transport, lodging and instruction Rs 599.59 crore, an addition of Rs 94.13 crore, up by 19 per cent. Rs 426.28 crore have got been provided for non-priority sector, an addition by Rs 3.58 crore.

Commercial Banks have got come up forward to share 65 per cent (Rs 939.38 crore) of the sum loaning in the precedence sector. The share of the private commercial Banks will be Rs 137.11 crore or 9.45 per cent.

In the co-operative sector, the Mysore District Co-operative Central Depository Financial Institution will have got a share of Rs 168.12 crore and, the Agribusiness and Rural Development Depository Financial Institution have earmarked Rs 13.83 crore. This shows an addition of Rs 30 crore.

The overall part by the co-operative sector to the yearly program will be 12.49 per cent. The Mysore State Finance Corporation have expanded its share to Rs 14 crore in the recognition program released here on Saturday.

The Pb bank, State Depository Financial Institution of Mysore, have come up forward to increase its share by 38.71 crore over last year. It have envisaged a proviso of Rs 441.09 crore, an addition of 9.62 per cent. Of this, the allotment for the precedence sector is Rs 356.51 crore. SBM-sponsored Cauvery Kalpatharu Grameena Depository Financial Institution have increased its share by 12 per cent or Rs 19.97 crore, over the last year, and take it to Rs 182.38 crore.

While agribusiness have got have been allocated the greatest proportion, getting Rs 745.97 crore, little units of measurement and trade have got Rs 599.59 crore and little industries Rs 110.35 crore in the plan.

Again the major ball of recognition allotment for agribusiness have been earmarked for harvest loans (Rs 518.86 crore). The recognition proviso for irrigation is Rs 32.13 crore, agricultural equipment Rs 83.96 crore, dairy farm and others Rs 11.87 crore, gardening Rs 30.09 crore and others Rs 83.96 crore.

Mysore taluk including metropolis have been provided with Rs 695.12 crore, the highest, followed by Periyapatna Rs 239.31 crore, Hunsur Rs 146.85 crore, Nanjangud Rs 112.88 crore, Kelvin Roentgen Nagar Rs 100.58 crore, Deoxythymidine Monophosphate Narasipur Rs 93.98 crore and Hydrogen Vitamin D Kote Rs 67.19 crore.