Archive · 23 May 2025
Karnataka Sets ₹11.88 Lakh Crore Credit Plan for FY26
Imagine a big meeting where all the banks in Karnataka come together.
They decided how much money the state will lend to different areas, like farming and small businesses.
The total amount is a very large number!
They want to make sure everyone has access to banking services and is covered by important safety programs.
Banks were asked to quickly handle loan applications and to involve more women in delivering banking services to people.
Karnataka's total credit plan outlay for fiscal year 2025-26 is set at ₹11,88,986 crore.
Priority sector credit requirement is ₹4,38,016 crore, 36.84% of the total outlay.
Agriculture will receive ₹2,22,204 crore, or 50.73% of priority sector credit.
Banks were urged to expedite pending applications for government-sponsored schemes.
The meeting discussed expanding social security schemes and using BC Sakhi for banking services.
- Who
- The 169th State Level Bankers’ Committee (SLBC) and associated banks.
- What
- The SLBC meeting discussing and approving the state's credit plan.
- When
- Thursday, May 23, 2025
- Where
- Vidhana Soudha, Karnataka.
- Why
- To discuss and implement the Annual Credit Plan for FY2026 and enhance financial inclusion.
- Total Credit Outlay FY26
- ₹11,88,986 crore
- Priority Sector Credit
- ₹4,38,016 crore
- Agriculture Credit Share
- ₹2,22,204 crore
- Meeting Chair
- Uma Mahadevan
- Key Discussion
- Annual Credit Plan
