Poojary asks banks to lend for creation of self-employment
Kota Srinivas Poojary, Udupi-Chikkamagalur MP, has asked banks to give priority for lending to schemes like Pradhan Mantri Mudra Yojana (PMMY) to create more self-employment.
Speaking at the District Consultative Committee and District Level Review Committee meeting for banking development in Udupi on Saturday Mr. Poojary said economy grew when more people are self-employed.
The MP asked banks to instruct its employees to speak with customers in Kannada at branches. If no Kannada speaking officials are posted, it should ensure that Kannada knowing employees are deputed from other branches to deal with customers in Kannada.
Mr. Poojary said that while lending under PM Vishwakarma Yojana, Udupi district secured second position in Karnataka. Efforts should be made to take the district to the top position as prominent nationalised banks took birth in the coastal belt.
He said that under the Union and State government schemes, financial assistance and benefits should reach the common people without any inconvenience being caused at the banks. More people should be enrolled under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), which are the social security schemes, he said.
Any problems faced while providing financial assistance should be resolved promptly to ensure achievement of the set targets, he told bankers.
According to the statistics placed by the lead bank in the meeting, Udupi district achieved 86.28 % of its agriculture credit target during 2024-25.
When it came to lending to the MSME sector, 91.08 % of the target was achieved in the last financial year.
The data showed that the district achieved 95.50 % target in advancing to education and 85.37 % progress in lending to housing sector.
The Chief Executive Officer of Udupi Zilla Panchayat Prateek Bayal participating in the meeting said that lending to priority sector, as per RBI guidelines, needs to be increased. Women from self-help groups seeking financial help to start small businesses should be encouraged. ''They should be given proper guidance about the schemes and documents needed, and no application should be rejected by the banks,' he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
3 hours ago
- Hindustan Times
iPhones, EMIs and burnout: Bengaluru techie's brutally honest post on 'middle-class' lifestyle goes viral
A LinkedIn post by a Bengaluru techie, has gone viral for its unfiltered take on what many in India now call the 'new middle class.' Techie's brutally honest post has struck a chord with many professionals across the country.(Representational Image) His comments come amid growing chatter on social media claiming that a ₹ 50 lakh CTC (Cost to Company) now qualifies as middle-class income in urban India. 'Bro please… it's not a CTC issue. It's a lifestyle disorder,' Shahjad Khan, Director at writes, before launching into a sharply worded critique of urban lifestyle choices that, he argues, are driven more by insecurity and status than necessity. 'You need Gucci belts for validation, every new iPhone for dopamine, Brigade or Prestige flats for status, Europe trips for Instagram flex, and ₹ 3L/year international schools for your infant who still prefers cartoons,' he wrote. Calling it an 'identity crisis,' Khan contrasts two categories of Bengaluru professionals, 'I know folks in Bengaluru earning ₹ 70K to ₹ 1L/month, living happily. I also know folks earning ₹ 3–5L/month who are constantly burnt out, broke, and bitter.' (Also Read: 'Spoke Kannada after 2 years in city': Bengaluru man's post on plumber from Odisha goes viral) Read his full post here: According to Khan, the issue isn't income but ego. 'Your expenses are not middle-class. They are insecure class. Don't cry 'middle class' just because you're chasing a lifestyle four times your paycheck,' he said, adding that people should make more money if they can, but not at the cost of peace and sanity. The post ends with a clarification, 'Not against luxury. Not against Gucci, Europe, or the latest iPhones. Just against going broke to look rich. That's EMI-based cosplay. And if that offended you, maybe it was supposed to.' LinkedIn reacts Khan's brutally honest post has struck a chord with many professionals across the country, especially those based in high-cost metros like Bengaluru, Mumbai, NCR, Chennai, and Hyderabad. One user commented, 'Reading this made my day. Glad someone said it.' Another wrote, 'Spot on. It's less about the number on the paycheck and more about the endless chase for external validation. 'EMI-based cosplay' is a brilliant way to put it!' Several commenters also pointed out how urban centres are increasingly built around extractive lifestyles. 'All these cities are designed to loot people from smaller towns and villages who don't know how to save money,' one user said. Another added, 'People who say ₹ 70 LPA is middle class are just sarcastically flexing their privilege while taunting others for their lack of it.' (Also Read: 'Tried to unzip my bag': Bengaluru woman confronts auto driver over alleged theft attempt, shares video)
Hindustan Times
3 hours ago
- Hindustan Times
‘Spoke Kannada after 2 years in city': Bengaluru man's post on plumber from Odisha goes viral
A Bengaluru resident's social media post about his interaction with a plumber from Odisha has gone viral for all the right reasons, drawing praise for the worker's effort to speak Kannada and for the professionalism displayed. The plumber, originally from Odisha, reportedly mentioned that he had been working in Bengaluru for the past two years. (This is an AI generated image) In a post shared on X (formerly Twitter), the user described how a plumber booked via Urban Company impressed him with both his punctuality and his ability to converse in beginner-level Kannada. The plumber, originally from Odisha, reportedly mentioned that he had been working in Bengaluru for the past two years and was still learning the local language. (Also Read: 'Tried to unzip my bag': Bengaluru woman confronts auto driver over alleged theft attempt, shares video) Check out his post here: 'He was on time and behaved professionally. This I have often observed in workers from that state,' the user wrote, appreciating the interaction. The post quickly gained traction, with several others chiming in with similar experiences. How did X users react? One user commented, 'Odisha people are nice. Probably my favourite after Kannadigas.' Another recounted a visit to a resort where Odia staff were able to converse comfortably in Kannada despite having been in the state for just over two years. Others noted how the trend of Odia workers learning Kannada has become increasingly visible in service sectors. 'We too recently got introduced to an Odia plumber. Living in Bengaluru since 15 years or so. Unless he tells you, you can't make out he's not a local… spoke flawless Kannada,' one user added. The post has struck a chord online, not only for highlighting cross-cultural adaptation but also for showcasing how some migrant workers are making sincere efforts to integrate into Karnataka's linguistic and cultural fabric. It comes at a time when there is growing discontent among many Kannadigas over migrants who are seen as unwilling to speak or learn Kannada. (Also Read: 'Bound to fail': Tejasvi Surya slams ₹ 18,000 crore Congress-backed tunnel project in Bengaluru)
Time of India
17 hours ago
- Time of India
MP Kota Shrinivasa Poojary urges nationalised banks to be more efficient and people-friendly
Udupi: MP Kota Shrinivasa Poojary called on nationalised banks in the district to function more efficiently and adopt a people-friendly approach. He stressed the need for the simplification of procedures, especially for educational loans, and insisted that beneficiaries selected under govt schemes receive their due benefits without delay. Presiding over the District Lead Bank Progress Review Meeting held at Dr VS Acharya Hall on the zilla panchayat premises, on Saturday, the MP said financial aid under central and state govt schemes should be made accessible to the public without hassle. He urged banks to increase enrolment under flagship schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana. He also cautioned banks against arbitrarily rejecting applications forwarded by govt departments. Poojary said bank officials and staff must communicate with customers in Kannada. In cases where officials are unable to do so, locals should be deputed to assist. He said more emphasis on PM Mudra and Startup schemes could promote self-employment and contribute to the district's economic growth. Udupi currently ranks second in the state in loan disbursement under the PM Vishwakarma scheme, and he urged officials to work towards achieving the top spot. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Laxmi Ji Idol For Wealth, Peace & Happiness Luxeartisanship Shop Now Undo Zilla panchayat CEO Prateek Bayal stressed that financial support under RBI's priority sector norms should be enhanced. Banks must understand their social responsibility and maintain citizen-friendly practices. He directed banks to ensure 100% achievement of individual targets and urged them not to harass women from self-help groups seeking loans for self-employment. He said banks must assist them with proper guidance on schemes and required documentation. Bayal also raised concerns over certain banks continuing to collect stamp duty despite exemptions for sectors like agriculture, education, and SHGs. He warned that the issue would be taken seriously and recommended strict action if violations continue. He further noted that the district is yet to meet the Rs 12 lakh target for activities under social infrastructure, renewable energy, fisheries, and self-employment. Canara Bank Udupi RO-2 AGM and regional manager Tadinada Srinag Purnananda presented performance figures for FY 2024–25. The agricultural sector achieved 86.3%, MSME 91.1%, education 95.5%, and housing 85.4%. The credit-deposit (CD) ratio improved slightly from 46.9% last year to 47.7% this year. The Annual District Credit Plan (ADP) booklet for FY 2025–26 was released during the event.
