Madikeri:

In the sector of small and medium bu siness enterprises, Kodagu district has surpassed its target by registering more transactions compared to previous year.

As against the target of transactions worth Rs 20,000 lakh, the banks have achieved Rs 25,655 lakh, registering a growth of 128%, explained Kodagu lead bank manager K A Devaiah. He announced this at the district-level annual review meeting attended by MP Prathap Simha and MLC Sunil Subramani here recently.

The advances given to farming and other sectors stood at Rs 3,41,948 lakh, which is 10% more compared to figures in financial year 2015. With agriculture loans receiving a priority, advances of up to Rs 2,46,211 lakh was extended, which is 30% more compared to previous year. The deposits have also increased, with the aggregate standing at Rs 5,06,625 lakh (16% more compared to 2015).

Kodagu district has 16,851 self-help groups (SHGs) with an enrolment of 98,450 women, including 12,846 SC/ STs. The savings of these SHGs stand at Rs 2,480 lakh. Under the Prime Minister’s Jana Dhan Yojna, Kodagu has achieved 100% target.

source: http://www.timesofindia.indiatimes.com / The Times of India / News Home> City> Mysore / TNN / July 07th, 2016