Mangaluru ranks second in contribution to GDP in Karnataka: Kateel


Apart from ranking second in GDP, Mangaluru also ranks second in Karnataka in terms of per capita income.

Apart from ranking second in GDP, Mangaluru also ranks second in Karnataka in terms of per capita income. | Photo credit: Raghava M

Dakshina Kannada MP Nalin Kumar Kateel on Thursday said that Mangaluru ranked second in the State in contribution to Gross Domestic Product.

Addressing the district-level quarterly review meeting here, Mr. Kateel said the ranking was a welcome development as neither Hubballi commercial hub nor Mysuru tourist destination ranked above Mangaluru. Citizens, entrepreneurs, bankers, industry associations etc were responsible for the achievement registered by the city, he said.

Meanwhile, he directed Deputy Commissioner Ravi Kumar to initiate action against banks that fail to achieve set targets. If government funds were deposited in such banks, they should be withdrawn immediately and deposited in other banks.

Mr. Ravi Kumar said that apart from being ranked second in GDP, Mangaluru was also ranked second in the State in terms of per capita income. Industries, companies, various commercial activities, etc. who were responsible for this achievement, he said that the government and the bank should be congratulated for this feat.

A look at the government sponsored schemes, a brochure brought out by the District Lead Bank was released. Dakshina Kannada district stood third in the state to implement the Pradhan Mantri Employment Generation Scheme in 2021-22. Canara Bank, Bank of Baroda and State Bank of India, which disbursed the highest number of loans that year were awarded.

Zilla panchayat CEO Kumara, Reserve Bank of India AGM P. Biswar, Nabard DDM Sangeetha R. Kartha, Lead Bank Manager MP Praveen and others were present.

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