Cooperative banks including DCC will spend Rs. 350 crore on giving loans to farmers to ease the prevailing drought situation in Mysuru district in Karnataka, reports Times of India.
A source is quoted saying a total outlay of Rs 7,810 crore has planned wherein Rs 6,233 crore has been earmarked for the priority sector with 20% increase (Rs 1,049 crore over previous year) and Rs 1,577 crore for non-priority sector with a hike of 23% (Rs 300 crore from previous year).
Agriculture has been allocated Rs 2,979 crore in which Rs 2,187 crore is for crop loans (35% increase) and Rs 792 crore for term loans (13% increase)..