The private sector lender, Karnataka Bank has targeted its agri-sector lending at Rs. 1000 crore for the current fiscal. The bank has allotted the task to 51 branches to concentrate on priority lending.
Of the total 530 branches, the bank has chosen 51 branches across the nation, which will be known as green belt branches and focus on increasing credit flow to the agri-sector. These centers would concentrate on both direct and indirect flow of credit to the farmers.
The bank increased its loan books from Rs. 2,000 crore to Rs. 2,800 crore in the last fiscal. The lender also plans to work on financial inclusion model and provide ATM cards for the Kissan Credit Cards (KCC) accounts.