169th state-level bankers’ committee meeting held in Vidhana Soudha

Bengaluru: The 169th State-Level Bankers’ Committee (SLBC) meeting of Karnataka was successfully conducted recently, coinciding with the formal launch of the Annual Credit Plan (ACP) for the year 2025-26.

The meeting was chaired by Uma Mahadevan, Additional Chief Secretary and Development Commissioner, Government of Karnataka, who officially launched the ACP 2025-26.

The event witnessed the presence of dignitaries such as S. K. Majumdar, Executive Director, Canara Bank, Dr. Vishal R, Secretary to Karnataka Government (FR), Finance, Sonali Sen Gupta, Regional Director, RBI, Dr. Surendra Babu, Chief General Manager, NABARD, Bhaskara Chakravarthy M, General Manager, Canara Bank and Convenor, SLBC, and State Controlling Heads of various banks and senior officials from line departments.

The Total Credit Plan outlay for 2025-26 has been set at Rs. 11,88,986 crore, which includes: Priority Sector Credit: Rs. 4,38,016 crore (36.84 percent of total credit), Agriculture Credit: Rs. 2,22,204 crore (50.73 percent of priority sector credit), Crop Production Loans: Rs. 1,40,108 crore, MSME Credit: Rs. 1,90,891 crore, Education Loans: Rs. 2,222 crore, Housing Loans: Rs. 11,678 crore, and Other Sectors: Rs. 11,022 crore.

During the meeting, Ms. Mahadevan emphasized the need for universal coverage under social security schemes such as PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) and PMSBY (Pradhan Mantri Suraksha Bima Yojana).

She also urged all banks to onboard IIBF-certified NRLM SHG women as BC Sakhis, thereby enhancing last-mile delivery of banking services.

She commended the efforts of SLBC, RBI, NABARD, and all participating financial institutions for their collaborative efforts in the formulation of the ACP  and encouraged effective implementation of the plan to achieve the credit targets thereby promoting inclusive and equitable growth across Karnataka.

K. Majumdar instructed banks to dispose of pending applications of government-sponsored schemes well within the timelines.

Dr. Vishal R stressed the importance of coverage of all eligible people under the ambit of Jansuraksha schemes.