ZP CEO asks banks to finance social security schemes on priority

Dakshina Kannada Zilla Panchayat Chief Executive Officer Narwade Vinayak Karbhari on Thursday, September 24, instructed banks to provide loan facilities on a priority basis to schemes like Mudra, PM-SVANidhi, Self-Help Groups, MSME etc., that support self-employment.

Chairing the district level bankers’ committee meeting here, Mr. Karbhari said there were concerns that banks did not respond appropriately to social security schemes. The targets of banks in these sectors were lagging behind. As IT and BT companies have come forward to invest in the coastal area, Mangaluru was now opening up to the global hub. Along with trade, there has also been a lot of increase in employment opportunities, he said.

District Lead Canara Bank’s Deputy General Manager Venkata Vara Prasad said banks in the district recorded a total business of ₹1,47,818.56 crore by the end of June 2026, a growth of 11.67% compared to the same period in the previous year.