Banks in Karanata do well

Farm sector beats COVID blues, deserves support

Canara Bank ED says time to rebuild the economy

BANGALORE, Dec 29 (BNC Network)  -  The agricultural sector has performed exceptionally well and remained the backbone of the economy during and after the lockdowns and hence, deserves all support, said Manimekhalai, Executive Director of Canara Bank

Addressing the 152nd State Level Banker’s Committee (SLBC) of Karnataka, Manimekhalai said now it is time reconstruct and rebuild the economy at the earliest through various revival schemes of the Centre and State governments as well as RBI and NABARD.

She pointed out that banks in the state, despite various issues, have already delivered all the relief measures. While the state has been in the forefront in case of KCC-Dairy (1,39,000 accounts) with 1st rank, MUDRA sanctions (22,10,350 accounts, Rs.13,497crores) ranking top, PMEGP (1,898 accounts) sanctions with 4th rank, Emergency Credit Line Guarantee scheme-PSBs (173359 accounts with Rs. 5123 crores) with 5th rank, Prime Minister Awas Yojana (61787 accounts) with 6th rank and it is in 7th position in case of PMSvanidhi scheme (79013 accounts sanctioned, 43824 accounts disbursed) in the country.

The initiative of GoK on Cyber Crimes and Financial Frauds is appreciable and SOP has already been circulated to all banks for suggestions.

T M Vijay Bhaskar, Chief Secretary, Govt. of Karnataka, Vandita Sharma, Addl. Chief Secretary & Development Commissioner, GoK, Shri. Jose J Kattoor, Regional Director, Reserve Bank of India,  Niraj Kumar Verma, Chief General Manager, NABARD, were among those who attended the meeting.

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