Bommai tells banks to provide financial guidance to micro, medium industries
Chairing a District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting of the Lead Bank in Gadag on Thursday, Mr. Bommai said that the bankers have played an important role in the economic and social development of the district.
'If bankers discharge their duties with a people-friendly approach, then the development of the district will happen at a faster pace. If there are any problems with regard to providing financial assistance to industrialists, bankers should discuss the issue with the district administration and various departments to get them resolved,' he said.
As Gadag is predominantly an agrarian district, there should not be any delay in providing farm loans, Mr. Bommai said.
Mr. Bommai, who is a former Chief Minister, said that as there is a great scope for food processing industries in the district, officials should chalk out programmes in consultation with various other departments concerned for the purpose.
Chief Executive Officer of Gadag Zilla Panchayat Bharath S. asked bankers to raise any issue concerning loan disbursement with regard to government-sponsored schemes immediately with the district administration.
Manager of Lead Bank Santosh M.V. said that of the 182 branches of the Lead Bank in the district, advances-deposit ratio at the end of June 2025 stood at 98.16% and bankers have been asked to improve the ratio.
He said that in the annual credit plan, ₹85,461.97 lakh advances have been given to the farm sector till June-end and advances to the tune of ₹1,28,065.08 lakh have been given to the priority sector.
During the meeting, progress of various State and Centrally-sponsored schemes was reviewed and a handbook on Annual Action Plan and District Credit Plan was released.
Deputy Commissioner C.N. Sridhar, Nagasubba Reddy B. of SBI RBO, Suraj S. of RBI, Mayur Kamble of NABARD and others were present.
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