Canara Bank’s New District Plan

BANGALORE: As many as 139 villages having a population between 1,000- 2,000 people in Bangalore (urban) will be covered in the District Credit Plan (DCP) by Canara Bank which was released at t

BANGALORE: As many as 139 villages having a population between 1,000- 2,000 people in Bangalore (urban) will be covered in the District Credit Plan (DCP) by Canara Bank which was released at the Zilla Panchayat office in Banshankari on Monday.

“Canara Bank will also monitor Vikas Vahini scheme in Ramanagaram and try to meet RBI’s target, to have at least one account in every household,” said Ramesh Rao, District Manager, Bangalore (urban).

Under the DCP, priority sectors like agriculture, non-farm sector and others have received highest credit allocation of `261.98 crore, `371.97 crore and `376.45 crore respectively.

The plan also made a provision of `40.02 crore for poverty alleviation programmes.

K S Suryanarayana Rao, Chief Executive Officer, Zilla Panchayat said, “This year’s plan has 97 per cent coverage and there is no under-estimation.

According to RBI guidelines we have given preference to agriculture and agri-business.”

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