NABARD projects priority sector credit potential of Rs 4.99 lakh cr for K'taka in FY 2026-27
Bengaluru (PTI): NABARD on Thursday projected a priority sector credit potential of Rs 4.99 lakh crore for Karnataka for the financial year 2026-27, registering a 12 per cent increase over the projections made for the previous fiscal.
Releasing its "State Focus Paper for FY 2026-27" at the State Credit Seminar in Bengaluru, the National Bank for Agriculture and Rural Development assessed the exploitable credit potential under priority sectors in the State at Rs 4,99,530.93 crore for the coming financial year.
The projections are aimed at guiding banks and financial institutions in formulating their Annual Credit Plans.
According to NABARD, agriculture and allied sectors account for 45 per cent of the total projected credit potential. Farm credit alone includes Rs 1,90,397.40 crore towards crop loans for agriculture and allied activities and Rs 47,166.71 crore towards term loans. Credit potential for ancillary activities has been estimated at Rs 28,876.81 crore.
The MSME sector has been assigned a credit potential of Rs 2,14,501 crore, constituting 42 per cent of the overall projection. Other priority sector segments include housing at Rs 28,119.01 crore, education at Rs 5,650.12 crore, export credit at Rs 5,983 crore, social infrastructure at Rs 1,936.91 crore and renewable energy at Rs 1,802.14 crore.
Agri infrastructure has been projected at Rs 81,485 crore.
NABARD stated that the enhanced projection reflects the growing credit absorption capacity across sectors and the need to strengthen rural infrastructure, agriculture resilience and enterprise development in the State.
The bank noted that the State Focus Paper is prepared through a consultative process involving banks, government departments and other stakeholders, and serves as a base document for district-level credit planning.
It added that the projections are aligned with sectoral priorities, infrastructure requirements and policy support needed to sustain inclusive and balanced growth across Karnataka.
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Four police officials suspended over alleged custodial torture in Kerala
Thiruvananthapuram (PTI): Four officials of the Fort Police Station here have been suspended in connection with an alleged custodial torture incident, police said on Friday.
The suspended personnel are Grade Sub-Inspector Sreekumar and Civil Police Officers Siju, Sunil and Gireesh.
Last week, Fort Police registered a case after a motorcycle was allegedly found stolen near a hotel here.
During the investigation, police identified two Kottayam natives, Jinu and Unni, as suspects.
Jinu was later taken into custody from Kochi, which led to the apprehension of Unni and a minor boy, officials said.
After initial interrogation, the minor was released.
However, family members of Jinu and Unni alleged that they were brutally assaulted while in custody.
After being remanded in judicial custody, Jinu’s condition reportedly worsened.
He was shifted to Thiruvananthapuram General Hospital and later referred to the Government Medical College Hospital, officials said.
Police officials said Jinu suffered serious kidney dysfunction and remains in critical condition.
Unni was also admitted to the hospital with injuries, officials added.
Following allegations of custodial torture, Thiruvananthapuram City Police Commissioner K Karthick ordered an inquiry by an Assistant Commissioner to ascertain whether custodial assault had taken place.
Police said the inquiry found that custodial assault had occurred and that arrest procedures were not properly followed.
Based on the report, the City Police Commissioner ordered the suspension of the four officers and initiated a departmental probe against them, police said.
