Banks should guide entrepreneurs properly: MP Bommai | Hubballi News
Gadag: Banks must take appropriate action and provide proper guidance in disbursing loans to entrepreneurs, including small-scale industries. If adequate loans are provided to the industrial sector, it will foster the development of industries in the district and create more employment opportunities for youth, said former chief minister and member of Parliament Basavaraj Bommai.He was presiding over the Lead Bank’s (DCC and DLRC) advisory committee and progress review meeting held on Thursday at the District Panchayat auditorium in Gadag.The MP said banks play a crucial role in the economic and social development of the district. If banks carry out their responsibilities in a citizen-friendly manner, it will contribute to the district’s rapid progress. In case there are any issues in the loan disbursement to entrepreneurs, including small-scale industries, they must be addressed through proper discussions with the district administration and departments.Gadag, being an agriculture-dominant district, should ensure that farmers do not face undue delays in receiving loans. The district has good potential for food-processing units, and hence, meetings should be held with departments to ensure effective implementation of such schemes, Bommai said.The MP also stated that if banks work with genuine interest, they will be able to effectively deliver the benefits of schemes to the beneficiaries. Bommai urged banks to give higher priority to loan disbursal in the agricultural sector and also to MSMEs (Micro, Small, and Medium Enterprises).Chief executive officer of the district panchayat, Bharat S, said if banks face any issues while disbursing loans under schemes, they must bring it to the attention of the district administration and department officials concerned.Lead Bank manager Santosh MV said 182 branches of the Lead Bank are operating in the district. As of June 2025, the Credit-Deposit (CD) ratio in the district stood at 98.16%. All controlling officers of banks have been directed to improve the CD ratio of their branches.The meeting was attended by deputy commissioner N Sridhar, SBI RB officer and regional manager Nagasubba Reddy B, RBI AGM (LDO) Suraj S, NABARD AGM (DDM) Mayur Kamble, GP Urban Development Fund Project director Basanagoudar Kottur, joint director of agriculture Taramani GH, GP planning officer Chalagere, women and child development department officer Radha Mannur, and other officials from departments and banks.
