Mysore, July 8 (KNN) For Small Scale Industries (SSI) and MSMEs in Mysore Rs Rs 5207 crore has been set aside in the District Credit Plan FY22-23 under the Lead Bank scheme.

The overall credit plan outlay for the district is Rs 21,980 crore which is 15 per cent more as compared to the last year’s plan.

It was released on Thursday ahead of the District Level Review Committee (DLRC) meeting.

Speaking at the event, Deputy Commissioner Bagadi Gautham said the plan indicates flow of credit to all the sectors based on envisaged developmental programme and priorities and reflects the current policies of the Government of India, RBI and Government of Karnataka focusing on inclusive growth with thrust on the economy.

For the agriculture sector which falls within the priority sector, the outlay is Rs 8,120 crore of which Rs 4422 crore is for crop loans and Rs 3,698 crore is Term Loans.

The outlay for trade and services is Rs 3390 crore.

As compared to the previous year this year the credit outlay for the priority sector is Rs 16,617 crore which is Rs 2,141 crore higher, registering an increase of 15 per cent.

The non-priority sector has been allotted Rs 5,363 crore which is Rs 727 crore higher than the last year’s allocation.

Within the district credit outlay has been pegged for different taluks and Mysuru has a credit outlay of Rs 10,790 crore while the outlay for Hunsur is Rs 2,300 crore.

Similarly, the credit outlay for Nanjangud is Rs 2,265 crore, T. Narsipura (Rs 1,725) crore, H.D. Kote (Rs 820 crore), Periyapatana (Rs 2,206 crore), K.R. Nagara (Rs 1,495 crore) while the credit outlay for Sargur is Rs 379 crore.  (KNN Bureau)