Banks in Karnataka disbursed ₹2,47,754 crore towards agriculture sector in Q4, exceeded target by ₹25,551 crore
In the fourth quarter of FY26, banks in Karnataka disbursed ₹2,47,754 crore to the agriculture sector, surpassing their target by ₹25,551 crore. The achievement reflects a 111% completion rate of the allotted target, with notable growth in the MSME and priority sectors as well. State officials emphasized the need for continued collaboration between banks and government departments to enhance development activities.
- ▪Banks in Karnataka disbursed ₹2,47,754 crore towards the agriculture sector in Q4 FY26.
- ▪The disbursement exceeded the target of ₹2,22,203 crore by ₹25,551 crore, achieving 111% of the target.
- ▪The MSME sector saw a growth of 106%, while the total priority sector grew by 108%.
Opening excerpt (first ~120 words) tap to expand
Banks in Karnataka have reported a disbursement of ₹2,47,754 crore towards the agriculture sector in the fourth quarter ended March 31, 2026, as against their target of ₹2,22,203 crore, said Bhavendra Kumar, executive director, Canara Bank, in Bengaluru on Tuesday (May 26).Speaking at the 175th State Level Bankers’ Committee meeting held at Vidhana Soudha, he said banks have achieved 111% of their allotted target during the fourth quarter. For the MSME sector, they achieved a growth of 106% and the total priority sector grew 108%. Mr.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
