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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Hubballi: Gym trainer assaulted; police say clash due to personal reasons
Hubballi: A gym trainer was allegedly assaulted by a group of people following accusations of sexual assault and ‘love jihad’, even as both families involved in the case traded serious allegations.
According to police, a group of individuals went to the residence of Sameer Mulla, a resident of Vijayanagar, and questioned him over his friendship with a woman he had met at a gym. The situation escalated into a clash, during which he was allegedly dragged away and assaulted. He sustained minor injuries and was admitted to KIMS hospital.
N. Shashikumar said that after this incident, members from Sameer’s side went to the woman’s house, leading to another clash in which one person was injured. “It was wrong for groups to go near houses. We will take necessary legal action,” he said, adding that the incident appears to have arisen from personal reasons. Police have taken some individuals into custody and are investigating the matter.
Sameer Mulla was reportedly thrashed by a group of Sangh Parivar activists and later handed over to police at the Old Hubballi Police Station after relatives of the woman and members of Hindu organisations gathered at his residence in Rajnagar.
The woman’s family alleged assault and threats from Sameer’s relatives at their Vikas Nagar residence.
Meanwhile, Sameer’s family denied the allegations and accused the woman’s relatives and others of assaulting and kidnapping him. His sister said the two had been in a relationship for three years and that the allegations were baseless.
Police said statements from both sides have been recorded, and a detailed investigation is underway. Sameer remains hospitalised, and appropriate legal action will be taken based on findings.
In a video statement shared on social media, the 20-year-old woman alleged that Sameer had given her an intoxicant, recorded videos without her consent, and sexually assaulted her. She lodged a complaint alleging rape and blackmail, which police are investigating.
In another video, Sameer denied the allegations, claiming the video was recorded with consent and that the accusations were made under pressure.
Former Hubballi-Dharwad Urban Development Authority (HDUDA) chairman Nagesh Kalburgi termed the incident a serious matter and urged police to take strict action.
Police said the case involves multiple complaints from both sides, and further investigation is underway.
