Poojary asks banks to lend for creation of self-employment
Speaking at the District Consultative Committee and District Level Review Committee meeting for banking development in Udupi on Saturday Mr. Poojary said economy grew when more people are self-employed.
The MP asked banks to instruct its employees to speak with customers in Kannada at branches. If no Kannada speaking officials are posted, it should ensure that Kannada knowing employees are deputed from other branches to deal with customers in Kannada.
Mr. Poojary said that while lending under PM Vishwakarma Yojana, Udupi district secured second position in Karnataka. Efforts should be made to take the district to the top position as prominent nationalised banks took birth in the coastal belt.
He said that under the Union and State government schemes, financial assistance and benefits should reach the common people without any inconvenience being caused at the banks. More people should be enrolled under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), which are the social security schemes, he said.
Any problems faced while providing financial assistance should be resolved promptly to ensure achievement of the set targets, he told bankers.
According to the statistics placed by the lead bank in the meeting, Udupi district achieved 86.28 % of its agriculture credit target during 2024-25.
When it came to lending to the MSME sector, 91.08 % of the target was achieved in the last financial year.
The data showed that the district achieved 95.50 % target in advancing to education and 85.37 % progress in lending to housing sector.
The Chief Executive Officer of Udupi Zilla Panchayat Prateek Bayal participating in the meeting said that lending to priority sector, as per RBI guidelines, needs to be increased. Women from self-help groups seeking financial help to start small businesses should be encouraged. ''They should be given proper guidance about the schemes and documents needed, and no application should be rejected by the banks,' he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
a day ago
- Time of India
The forgotten Billionaire Maharaja of India, who was not just the richest but also a modern reformer
In the glittering era of Indian royalty, stories of unimaginable wealth were often associated with extravagant lifestyles, palaces filled with gold and jewels, fleets of Rolls-Royces, and legendary diamond collections. But amidst this grandeur, one ruler stood out for using his wealth not just to live lavishly, but to build a better, fairer society. While TIME Magazine famously crowned Mir Osman Ali Khan of Hyderabad the "richest man in the world" in 1937, with a fortune estimated at $236 billion or around ₹19 lakh crore today, another Indian royal quietly followed not just in show, but also in substance. With an estimated net worth of $400 million at the time roughly $7 billion or ₹57,901 crore adjusted for inflation, Maharaja Krishnaraja Wadiyar IV was ranked among the world's richest, yet he remains less talked about today and most importantly, his impact, especially in education, infrastructure, and social reform, remains deeply etched in history. A vision beyond the throne Born on June 4, 1884, in the grand Mysore Palace, Krishnaraja Wadiyar IV was the son of Maharaja Chamarajendra Wadiyar X and Maharani Vani Vilas Sannidhana. After his father's sudden death, he became king at just 11 years old, with his mother acting as regent until he turned 18 in 1902. His education was a mix of Western and Indian influences, covering English, Kannada, Sanskrit, and fine arts. Lord Curzon, the then Governor-General of India, praised the young king for his potential, predicting great strides in development under his leadership. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The golden era of Mysore Once he took over the steer for his empire, Wadiyar IV focused not on expanding palaces, but on uplifting people. He banned untouchability and child marriage for girls under eight. He funded scholarships for widowed women and allocated ₹60 lakh annually from his personal wealth to support disabled children. In 1915, he founded the Mysore Social Progress Association to uplift underprivileged communities. In 1918, he invited Sir Lesley Miller to assess the conditions of backward classes, leading to a 25% reservation in government jobs for non-Brahmins, that also came as a forward-thinking policy for that era The state also became electric-powered under his leadership Krishnaraja Wadiyar IV also brought technological progress to Mysore. Under his rule, the princely state became the first in Asia to generate hydroelectric power. In 1905, Bangalore became the first city in Asia to be fully electrified. His efforts earned him the title 'Krishnaraja Bhoopa, Mane Mane Deepa', meaning 'the king who lit up every home,' according to the Deccan Herald. His commitment to education was equally visionary. In 1915, he made primary education compulsory. By 1927, the state's education budget had risen from ₹6.9 lakh to ₹46.8 lakh, supporting over 515,000 students across 8,000 schools. He also established and funded institutions that exist to this day, including the Mysore Sanskrit College. He gifted 10 acres of land to Nobel Laureate Sir CV Raman for his research institute and donated 400 acres near Malleshwaram to Jamsetji Tata for what would later become the Indian Institute of Science (IISc). A Cultural Patron and Musician King Wadiyar IV wasn't just a ruler — he was an artist at heart. Mahatma Gandhi affectionately called him 'Rajarshi', meaning a combination of 'Raja' (king) and 'Rishi' (sage), reflecting his moral leadership. He was also an accomplished musician who played numerous instruments, including the violin, veena, saxophone, and mridangam. He supported prominent artists of the time, such as Gauhar Jan and Abdul Karim Khan, and even sponsored yoga master Sri T. Krishnamacharya, helping revive and globalise the practice. He also expressed himself through poetry, writing in his native Kannada. Wealth with Wisdom Though his estimated fortune stood at ₹57,901 crore at the time of his death in 1940, Krishnaraja Wadiyar IV wasn't known for stockpiling his wealth. One famous example is his funding of the Krishna Raja Sagar Dam. When funds fell short during its construction, he reportedly sold his own jewels in Mumbai to ensure the project was completed.
New Indian Express
a day ago
- New Indian Express
Centre approves Rs 1,900 crore plan for PM MITRA park in Virudhunagar
CHENNAI: In a significant boost to the state government's ambition to cement its position as India's textile powerhouse, Union Textiles Minister Giriraj Singh on Tuesday announced the approval of a Rs 1,894-crore development plan for the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park coming up in Virudhunagar district. The 1,052-acre site will host a next-generation textile manufacturing ecosystem focused on technical textiles and integrated processing units. It is one of seven PM MITRA parks being developed nationwide under the centre's flagships scheme aimed at catalysing India's textiles sector with world-class infrastructure, policy support and investment incentives. The project, which was formalised in 2023, is the outcome of prolonged negotiations between Chief Minister M K Stalin's administration and Union Textiles Minister Giriraj Singh. State Industries Minister T R B Rajaa termed the approval as a big boost for TN's textile sector and called it 'a result of relentless follow-up and collaboration'. Works are targeted for completion by September 2026, with the state government projecting Rs 10,000 crore in investments and creation of one lakh jobs. 'TN is already India's top textile exporter, and now we're scaling up with ambition,' said Rajaa. Planned features include a 15-MLD common effluent treatment plant with zero liquid discharge, a 5-MLD sewage treatment plant, 10,000-bed worker accommodation and 1.3 million sq ft of plug-and-play and built-to-suit factory space. Tamil Nadu joins six other states — Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh — chosen to host PM MITRA parks.
Mint
2 days ago
- Mint
Centre launches financial inclusion saturation drive across 270,000 villages, towns
New Delhi: In yet another effort to expand the reach of the government's financial inclusion schemes across the country, the Department of Financial Services under the finance ministry has launched a nationwide campaign aimed at achieving saturation at the gram panchayat (GP) and urban local body (ULB) level. The campaign, which will run from 1 July to 30 September, aims to cover all 270,000 GPs and ULBs in India. It seeks to spread awareness about the banking services available to citizens and explain how individuals can secure their financial future and that of their family members. According to a statement from the finance ministry, launch events for the financial inclusion (FI) campaign were organised at 33 locations across the country. These events saw participation from public representatives, state government officials, SLBC conveners, bankers, and beneficiaries. In Gujarat, the Chief Minister addressed the event virtually. During this three-month period, the campaign will focus on ensuring that Re-KYC of all savings bank account holders, wherever due, is completed in the targeted villages and towns. Another key objective is to open bank accounts for unbanked adults under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The campaign will also promote enrolment in key government-backed social security schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the Pradhan Mantri Suraksha Bima Yojana (PMSBY), and the Atal Pension Yojana (APY). Alongside these efforts, the campaign will educate citizens through awareness sessions on digital fraud prevention, explain how to access unclaimed deposits, and guide people through grievance redressal procedures. Officials will also assist in updating nominations in bank accounts wherever they are pending. On the first day of the campaign, camps were conducted in 2,087 gram panchayats across the country. These received a strong response from beneficiaries, reflecting growing public interest in financial services and awareness. The push to broaden the reach of financial inclusion schemes comes in the wake of a finance ministry review that found private banks still lag behind in servicing these schemes. Following this, the ministry has urged both private and public sector banks to step up their efforts in improving coverage and service delivery. In addition to PMJDY, PMJJBY, PMSBY and APY, the broader campaign also seeks to raise awareness about other financial inclusion programmes, including the Pradhan Mantri Mudra Yojana (PMMY), Stand Up India, PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi), and PM Vishwakarma. Also Read | Govt to roll out credit rating for rural borrowers in six months During a review meeting held on Monday, financial services secretary M. Nagaraju underscored the importance of fast settlement of claims under the Jansuraksha schemes. He also emphasised the need to expand banking infrastructure in rural and northeastern regions and noted the significant progress India has made in strengthening social security and deepening financial inclusion through the government's flagship initiatives.
