²æà L J¸ï J£ï ¥À¸

æ Ázï, ¨sÁ.D.¸ÉÃ.
CzsåÀ PÀëgÀÄ
Sri I S N PRASAD, IAS
Chairman

2
 ²æà r « ¥À¸
æ Ázï, ¨sÁ.D.¸ÉÃ.
CzsåÀ PÀëgÄÀ ªÀÄvÀÄÛ ªÀåªÀ¸ÁÜ¥PÀ À ¤zÉÃð±ÀPg À ÄÀ
28.06.2016gÀªg À U
É É
Sri D V PRASAD, IAS
Chairman and Managing Director
Upto 28.06.2016

3
²æà jvÉñï PÀĪÀiÁgï ¹AUï, ¨sÁ.D.¸ÉÃ.
ªÀåªÀ¸ÁÜ¥PÀ À ¤zÉÃð±ÀPg
À ÄÀ
Sri RITESH KUMAR SINGH, IAS
Managing Director

4
5
 ¤zÉÃð±ÀPg
À À ªÀÄAqÀ½
BOARD OF DIRECTORS

²æà UËgÀªï UÀÄ¥ÁÛ, ¨sÁ.D.¸ÉÃ. ²æà CgÀ«Azï ²æêÁ¸Àª

Û ,À ¨sÁ.D.¸ÉÃ. ²æà C£Á¢ ZÀgu
À ï ¸ÁºÀÄ
Sri Gaurav Gupta, IAS Sri Arvind Shrivastava, IAS Sri Anadi Charan Sahu

²æà Dgï PÉ zÀÄ¨É ²æà J¸ï J¸ï ¥Àº

æ g
À Áeï ²æà r ¸ÀÄzsÁPÀgï, JA.J¯ï.J
Sri R K Dubey Sri S S Praharaj Sri D Sudhakar, MLA

²æà f gÀWÄÀ DZÁgï, JA.J¯ï.¹. ¹J J¸ï C£ÀAvÀ£ï ¹J AiÀÄĪÀgÁeï J£ï J£ï

Sri G Raghu Achar, MLC CA S Ananthan CA Yuvaraj N N

6
 BOARD OF KSFC
Directors on the Board of KSFC during the year 2015-16
Sl. Name Period U/s of
No. From To SFCs Act
1 Sri I S N Prasad, IAS,
As Chairman 13.03.2015 02.06.2015 15(1)/
As Director 03.03.2015 25.06.2015 10(b)
Sri D V Prasad, IAS,
Chairman and Managing Director 03.06.2015 28.06.2016 15(1)/10(f)
Sri I S N Prasad, IAS, Chairman 05.07.2016 10(b)/15(1)
2 Sri Gaurav Gupta, IAS, 27.01.2015 10(b)
3 Sri Arvind Shrivastava, IAS, 26.06.2015 10(b)
4 Sri Namgial 29.12.2014 28.06.2015 10(c)
5 Sri K Sathianandan 28.06.2013 21.06.2015 10(c)
Sri Anadi Charan Sahu 22.06.2015 10(c)
6 Sri S S Praharaj 08.12.2014 10(d)
7 Sri R K Dubey 21.05.2014 10(d)
8 Sri D Sudhakar, MLA 20.07.2015 10(e)
9 Sri G Raghu Achar, MLC 20.07.2015 10(e)
10 Sri Arvind Shrivastava, IAS, 25.03.2015 25.06.2015 10(e)
11 CA S Ananthan 29.04.2015 10(e)
12 CA Yuvaraj N N 08.07.2015 10(e)
13 Sri Kapil Mohan, IAS, Managing Director 04.02.2015 03.06.2015 10(f)
Sri Ritesh Kumar Singh, IAS, Managing Director 28.06.2016 10(f)
EXECUTIVE COMMITTEE
Members of the Executive Committee
Sl. Name Period U/s of
No. From To SFCs Act
1 Sri Kapil Mohan, IAS, 04.02.2015 03.06.2015 18(1)
Sri D V Prasad, IAS, 03.06.2015 28.06.2016
Sri Ritesh Kumar Singh, IAS, 28.06.2016
2 Sri Gaurav Gupta, IAS, 27.01.2015 18(1)
3 Sri K Satianandan 28.06.2013 21.06.2015 18(1)
Sri Anadi Charan Sahu 22.06.2015
4 Sri S S Praharaj 08.12.2014 18(1)
5 Sri R K Dubey 21.05.2014 18(1)
Executive Directors General Managers I/c Legal Advisor
Sri B H Srinivasa Murthy Sri Vasant Kumar Sri B Rudre Gowda
Sri L B Nilogal Sri B S Sundaresh Addl. Legal Advisor
Sri Vishwanath B Patil Sri S G Pandit
Auditors
A R VISWANATHAN & Co.
Chartered Accountants

7
 ¤zÉÃð±ÀPg
À À ªÀÄAqÀ½
2015-16gÀ°è PÀ£ÁðlPÀ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜAiÀÄ DqÀ½vÀ ªÀÄAqÀ½AiÀÄ ¤zÉÃð±ÀPg
À ÄÀ UÀ¼ÄÀ
PÀæªÀÄ ºÉ¸ÀgÀÄ CªÀ¢ü gÁdå ºÀtPÁ¸ÀÄ
¸ÀASÉå EAzÀ ªÀgÉUÉ ¸ÀA¸ÉÜU¼
À À PÁAiÉÄÝ ¥ÀPæ ÁgÀ
1 ²æà L J¸ï J£ï ¥Àæ¸Ázï, ¨sÁ.D.¸ÉÃ.
CzsÀåPÀëgÁV 13.03.2015 02.06.2015 15(1)/
¤zÉÃð±ÀPÀgÁV 03.03.2015 25.06.2015 10(©)
²æà r « ¥Àæ¸Ázï, ¨sÁ.D.¸ÉÃ.
CzsÀåPÀëgÀÄ ªÀÄvÀÄÛ ªÀåªÀ¸ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀÄ 03.06.2015 28.06.2016 15(1)/10(J¥sï)
²æà L J¸ï J£ï ¥Àæ¸Ázï, ¨sÁ.D.¸ÉÃ., CzsÀåPÀëgÀÄ 05.07.2016 10(©)/15(1)
2 ²æà UËgÀªï UÀÄ¥ÁÛÛ, ¨sÁ.D.¸ÉÃ. 27.01.2015 10(©)
3 ²æà CgÀ«AzÀ ²æêÁ¸ÀÛªÀ, ¨sÁ.D.¸ÉÃ. 26.06.2015 10(©)
4 ²æà £ÁªÀiïVAiÀiÁ¯ï 29.12.2014 28.06.2015 10(¹)
5 ²æà PÉ ¸ÀwAiÀiÁ£ÀAzÀ£ï 28.06.2013 21.06.2015 10(¹)
²æà C£Á¢ ZÀgÀuï ¸ÁºÀÄ 22.06.2015 10(¹)
6 ²æà J¸ï J¸ï ¥ÀæºÀgÁeï 08.12.2014 10(r)
7 ²æà Dgï PÉ zÀÄ¨É 21.05.2014 10(r)
8 ²æà r ¸ÀÄzsÁPÀgï, JA.J¯ï.J 20.07.2015 10(E)
9 ²æà f gÀWÀÄ DZÁgï, JA.J¯ï.¹ 20.07.2015 10(E)
10 ²æà CgÀ«AzÀ ²æêÁ¸ÀÛªÀ, ¨sÁ.D.¸ÉÃ. 25.03.2015 25.06.2015 10(E)
11 ¹J J¸ï C£ÀAvÀ£ï 29.04.2015 10(E)
12 ¹J AiÀÄĪÀgÁeï J£ï.J£ï 08.07.2015 10(E)
13 ²æà PÀ¦¯ï ªÉÆúÀ£ï, ¨sÁ.D.¸ÉÃ., ªÀåªÀ¸ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀÄ 04.02.2015 03.06.2015 10(J¥sï)
²æà jvÉñï PÀĪÀiÁgï ¹AUï, ¨sÁ.D.¸ÉÃ., ªÀåªÀ¸ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀÄ 28.06.2016 10(J¥sï)
PÁAiÀÄðPÁj ¸À«Äw
PÁAiÀÄðPÁj ¸À«Äw ¸Àz¸
À åÀ gÀ «ªÀgÀ
PÀæªÀÄ ºÉ¸ÀgÀÄ CªÀ¢ü gÁdå ºÀtPÁ¸ÀÄ
¸ÀASÉå EAzÀ ªÀgÉUÉ ¸ÀA¸ÉÜU¼
À À PÁAiÉÄÝ ¥ÀPæ ÁgÀ
1 ²æà PÀ¦¯ï ªÉÆúÀ£ï, ¨sÁ.D.¸ÉÃ. 04.02.2015 03.06.2015 18(1)
²æà r « ¥Àæ¸Ázï, ¨sÁ.D.¸ÉÃ. 03.06.2015 28.06.2016
²æà jvÉñï PÀĪÀiÁgï ¹AUï, ¨sÁ.D.¸ÉÃ. 28.06.2016
2 ²æà UËgÀªï UÀÄ¥ÁÛÛ, ¨sÁ.D.¸ÉÃ. 27.01.2015 18(1)
3 ²æà PÉ ¸ÀwAiÀiÁ£ÀAzÀ£ï 28.06.2013 21.06.2015 18(1)
²æà C£Á¢ ZÀgÀuï ¸ÁºÀÄ 22.06.2015
4 ²æà J¸ï J¸ï ¥ÀæºÀgÁeï 08.12.2014 18(1)
5 ²æà Dgï PÉ zÀÄ¨É 21.05.2014 18(1)
PÁAiÀÄð¤ªÁðºÀPÀ ¤zÉÃð±ÀPÀgÀÄ ¥ÀæzsÁ£À ªÀåªÀ¸ÁÜ¥ÀPÀgÀÄ (¥Àæ¨sÁgÀ) PÁ£ÀÆ£ÀÄ ¸À®ºÉUÁgÀgÀÄ
²æà © ºÉZï ²æäªÁ¸À ªÀÄÆwð ²æà ªÀ¸ÀAvï PÀĪÀiÁgï ²æà © gÀÄzÉæÃUËqÀ
²æà J¯ï © ¤¯ÉÆÃUÀ¯ï ²æà © J¸ï ¸ÀÄAzÀgÉÃ±ï ºÉZÀÄѪÀj PÁ£ÀÆ£ÀÄ ¸À®ºÉUÁgÀgÀÄ
²æà «±Àé£Áxï © ¥ÁnÃ¯ï ²æà J¸ï f ¥ÀArvï
¯ÉPÀÌ ¥Àj±ÉÆÃzsÀPÀgÀÄ
J Dgï «±Àé£ÁxÀ£ï & PÉÆ.
ZÁlðqïð CPËAmÉAmïì

8
 OPERATIONS AT A GLANCE
(Amount : ` in crore)

Since Inception
Particulars 2013-14 2014-15 2015-16 upto
31.03.2016

Paid up capital at the year end 658.56 658.56 710.01 —

Gross Sanctions

a. Number 1,426 1092 1,111 1,70,355

b. Amount 909.26 675.15 731.94 14,542.62

Assistance to Micro & SSIs

a. Number 1,157 915 922 1,12,217

b. Amount 575.41 482.15 514.94 8,268.08

Disbursements 707.47 553.62 566.36 11,387.48

Loans Outstanding 2,073.37 1,836.15 1,819.50 —

Recoveries 836.52 814.00 842.48 14,750.90

% age of NPA (net) 2.57 5.07 8.83 —

Income 284.59 317.23 311.17 —

Expenditure 273.09 272.68 278.95 —

Net Profit 11.42 44.47 32.13

9
 PÁAiÀiÁðZÀgu
À AÉ iÀÄ QgÀÄ£ÉÆÃl
(ªÉÆvÀÛ : PÉÆÃn gÀÆ.UÀ¼À°è)

¸ÀAavÀ
«ªÀgU
À ¼
À ÄÀ 2013-14 2014-15 2015-16 31.03.2016gÀ
ªÀgÉUÉ

ªÀµÁðAvÀåzÀ°èzÀÝAvÉ ¸ÀAzÁ¬ÄvÀ §AqÀªÁ¼À 658.56 658.56 710.01 ____

MlÄÖ ªÀÄAdÆgÁw

C. ¸ÀASÉå 1,426 1,092 1,111 1,70,355

D. ªÉÆvÀÛ 909.26 675.15 731.94 14,542.62

Cw ¸ÀtÚ ªÀÄvÀÄÛ ¸ÀtÚ PÉÊUÁjPÉUÀ½UÉ £ÉgÀªÀÅ

C. ¸ÀASÉå 1,157 915 922 1,12,217

D. ªÉÆvÀÛ 575.41 482.15 514.94 8,268.08

«vÀgÀuÉUÀ¼ÀÄ 707.47 553.62 566.36 11,387.48

¸Á®zÀ ¨ÁQ 2,073.37 1,836.15 1,819.50 ____

ªÀ¸ÀƯÁw 836.52 814.00 842.48 14,750.90

±ÉÃPÀqÀªÁgÀÄ C£ÀÄvÁàzÀPÀ D¹Û (¤ªÀé¼À) 2.57 5.07 8.83 ____

DzÁAiÀÄ 284.59 317.23 311.17 ____

RZÀÄð 273.09 272.68 278.95 ____

¤ªÀé¼À ¯Á¨sÀ 11.42 44.47 32.13

10
KARNATAKA STATE FINANCIAL CORPORATION PÀ£ÁðlPÀ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜ
DIRECTORS’ REPORT 2015-16 ¤zÉÃð±ÀPg
À À ªÀÄAqÀ½AiÀÄ 2015-16gÀ ªÁ¶ðPÀ ªÀg¢
À
The Directors of the Corporation have great PÀ£ÁðlPÀ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜAiÀÄ ¤zÉðñÀPÀgÀ ªÀÄAqÀ½AiÀÄÄ
pleasure in presenting the 57th Annual Report on ªÀiÁZïð 31, 2016PÉÌ PÉÆ£ÉUÆÉ AqÀ ¸ÀA¸ÉÜAiÀÄ PÁAiÀiÁðZÀgu
À A
É iÀÄ
the operations of the Corporation, together with, 57£Éà ªÁ¶ðPÀ ªÀgÀ¢ ºÁUÀÆ ¥Àj±ÉÆâü¸À®àlÖ ¯ÉPÀÌ¥ÀvÀæUÀ¼À£ÀÄß
the audited statements of accounts for the year ªÀÄAr¸À®Ä ºÀµÀð¥ÀqÀÄvÀÛzÉ.
ended March 31, 2016.
¸ÀA¸ÉÜAiÀÄÄ vÀ£ßÀ PÁAiÀiÁðZÀgu À AÉ iÀÄ J¯Áè «¨sÁUÀz°À Aè iÀÄÆ CAzÀgÉ
During the Financial Year 2015-16, the Corporation ªÀÄAdÆgÁw, «vÀgu À É ºÁUÀÆ ªÀ¸Æ À ¯ÁwUÀ¼°
À è C®à ¥Àª æ iÀ ÁtzÀ
consolidated its financial position and recorded ¸ÀÄzsÁgÀuA É iÀÄ£ÀÄß PÀArzÉ. zÉñÀzÀ ºÁUÀÆ gÁdåz° À £è À §AqÀªÁ¼À
profits by registering a net profit of ` 32.13 crore.
ºÀÆrPÉAiÀÄ ¥ÀÆgÀPÀ ªÁvÁªÀgt À zÀ »£É߯ÉAiÀÄ°è ºÁUÀÆ ¨sÁgÀvª À ÅÀ
The Corporation showed marginal improvements
«±ÀézÀ°èAiÉÄà CvÀåAvÀ ªÉÃUÀªÁV ¨É¼ÉAiÀÄÄwÛgÀĪÀ §ÈºÀvï
in all areas of operations viz., Sanctions,
DyðPÀ v É A iÀ Ä ¸À é g À Æ ¥À z À ¥À j uÁªÀ Ä ªÁV ¸À A ¸É Ü AiÀ Ä Ä F
Disbursements and Recoveries as well. This is as a
¸ÀÄzsÁgÀuÉAiÀÄ£ÀÄß PÀArzÉ. ¥Àæ¸ÀPÀÛ ¸Á°£À DyðPÀ ¹ÜwAiÀÄ£ÀÄß
result of the encouraging backdrop of investment
PÉÆæÃrüÃPÀj¸À¯ÁVzÀÄÝ, ¸ÀA¸ÉÜAiÀÄÄ 32.13 PÉÆÃn gÀÆ.UÀ¼À ¤ªÀé¼À
climate in the Country as well as in the States and
¯Á¨sÀªÀ£ÀÄß UÀ½¹zÉ.
keeping pace with the World’s fastest growing large
economy. £ÀÆvÀ£À ¤AiÀÄAvÀPæ À ªÀiÁUÀðzÀ²ð ¸ÀÆvÀU æ ½
À AzÀ ºÁUÀÆ ¨ÁåAPÀÄUÀ¼À
The banking sector during the year witnessed DAiÀĪÀåAiÀÄ ±ÀÄ¢ÞÃPÀgt À UÉƽ¸À®Ä ¨sÁgÀwÃAiÀÄ j¸Àªïð ¨ÁåAPï£À
substantial stress on the working results because PÀæªÀÄUÀ½AzÁV ¥Àæ¸ÀPÀÛ ¸Á°£À°è ¨ÁåAQAUï ªÀ®AiÀĪÀÅ vÀ£Àß
of new regulatory guidelines and also measures PÁAiÀiÁðZÀgÀuÉUÀ¼À ¥sÀ°vÁA±ÀUÀ¼À°è UÀt¤ÃAiÀÄ MvÀÛqÀªÀ£ÀÄß
introduced by the Reserve Bank of India for C£ÀĨsÀ«¹vÀÄ. PÉ®ªÀÅ ¸ÁªÀðd¤PÀ ªÀ®AiÀÄzÀ ¨ÁåAPÀÄUÀ¼ÀÄ ¥À¸ æ ÀPÀÛ
cleansing the Balance Sheets. Some of the Public ¸Á°£À°è £ÀµÖÀª£ À ÄÀ ß WÉÆö¹zÀÄÝ CªÀÅUÀ¼À C£ÀÄvÁàzPÀ À D¹ÛU¼ À °À è
Sector Banks have declared loss for the current UÀ t ¤ÃAiÀ Ä KjPÉ PÀ A qÀ Ä §A¢zÉ . £À Æ vÀ £ À ¤Ãw
financial year and the levels of NPAs have also seen ªÀiÁUÀðzÀ²ðAiÀÄ£ÀÄß C¼Àªr À ¹PÉƼÀĪ
î À ¸À®ÄªÁV ¸ÀA¸ÉÜAiÀÄÄ vÀ£ßÀ
substantial rise. In line with the new policy MvÀÛqÀPÉÆ̼ÀUÁzÀ ¥ÀÄ£Àga Àæ vÀ SÁvÉUÀ¼À 60.10 PÉÆÃn gÀÆ.UÀ¼À£ÀÄß
guidelines, the Corporation had to classify stressed C£ÀÄvÁàzÀPÀ D¹ÛUÀ¼ÉAzÀÄ ªÀVðÃPÀj¸À¨ÉÃPÁ¬ÄvÀÄ. EzÀgÀ
restructured accounts as NPAs to the extent of ¥ÀjuÁªÀĪÁV ¸ÀA¸ÉÜAiÀÄ MlÄÖ C£ÀÄvÁàzÀPÀ D¹ÛUÀ¼À°è ºÉZÀѼÀ
` 60.10 crore. As a result, there was an increase in PÀAqÀħA¢zÉ.
gross NPA.
¸ÀA¸ÉÜAiÀÄ 2015-16gÀ ¥ÀUæ w
À AiÀÄ ¥Àª
æ ÄÀ ÄR CA±ÀU¼
À £
À ÄÀ ß ¥Àj²Ã°¸ÀĪÀ
A bird’s eye view of the global, national and state’s ªÀ Ä Ä£À ß eÁUÀ w PÀ , gÁµÀ Ö ç ºÁUÀ Æ gÁdåzÀ DyðPÀ v É A iÀ Ä
economic scenario is reviewed before scrolling on ¥ÀQë£ÉÆÃlªÀ£ÀÄß «ªÀIJð¸À§ºÀÄzÀÄ.
the performance highlights of the Corporation for
the year 2015-16. eÁUÀwPÀ DyðPÀ £ÉÆÃl:

GLOBAL ECONOMIC SCENARIO: eÁUÀ w PÀ DyðPÀ v É A iÀ Ä Ä ¸Ázs Á gÀ t ªÁV «¸À Û ø vÀ U É Æ ¼À Ä î v ÁÛ

The global economy continued to expand modestly
during this period at a slow pace. The recovery of
the global economy is also hampered by some new
challenges. Risks to global financial stability have
ªÀÄAzÀUwÀ AiÀÄ°è ªÀÄÄAzÀĪÀg¢É zÉ. ºÉƸÀ jÃwAiÀÄ ¸ÀªÁ®ÄUÀ¼Æ À
¸ÀºÀ eÁUÀwPÀ DyðPÀvÉAiÀÄ ZÉÃvÀjPÉUÉ CrØAiÀiÁVzÉ. eÁUÀwPÀ
DyðPÀ ¹ÜgÀ v É A iÀ Ä C¥ÁAiÀ Ä UÀ ¼ À Æ ¸À º À eÁUÀ w PÀ ¸À é v À Ä Û
ªÀiÁgÀÄPÀmÉÖAiÀÄ°è ZÀAZÀ®vÉAiÀÄ£ÀÄß, zÀħ𮠫±Áé¸À ºÁUÀÆ
gÁdQÃAiÀÄ MvÀÛqÀªÀ£ÀÄß ºÉaѹªÉ. ¨É¼ÀªÀtÂUÉAiÀÄ ¤jÃPÉëAiÀÄÄ

11
also increased amid volatility in global asset market,
weaker confidence and geopolitical tensions.
Growth prospects differ considerably across
countries and many have demonstrated more
resilience to shocks.
Global GDP growth stood in 2015 stood at 3.1 per
cent. This performance reflected a continued
growth deceleration in emerging and developing
economies amid post-crisis lows in commodity
prices, weaker capital flows and subdued global
trade.
Growth is projected to edge-up in 2016-18, on
continued gains in major high-income countries, a
gradual tightening of financing conditions, a
stabilization of commodity prices and gradual
rebalancing in China.
INDIAN ECONOMIC SCENARIO:
Indian’s GDP grew at five year high of 7.6 per cent
becoming the World’s fastest growing large
economy. India is opening up a world of
opportunities for investments, in a significantly
conducive and supportive environment. Improved
farm output not withstanding successive years of
drought, better manufacturing, mining and
electricity production cheered up growth.
The Agriculture, Manufacturing and Service Sectors
in India registered growth of 1.2 per cent,
9.3 per cent and 9.0 per cent respectively.
The launch of various ambitious national
programmes like Make in India, Digital India, Skill
India, Start-up-India, Stand-up-India, Smart Cities,
Swatch Bharat Abhiyan present significant
opportunities for investors to be part of one of the
largest infrastructure programs in the world.
Growth in the agriculture sector in 2015-16 has
continued to be lower than the average of last
decade, mainly on account of it being the second
successive year of lower-than-normal monsoon
12
UÀt¤ÃAiÀĪÁV zÉñÀUÀ¼É¯ÉèqÉ ©ü£ÀߪÁVzÀÄÝ, F ¤nÖ£À°è
DWÁvÀUÀ¼ÁzÀ°è ZÉÃvÀj¹PÉƼÀÄîªÀAvÀºÀ ±ÀQÛAiÀÄ£ÀÄß ºÀ®ªÁgÀÄ
zÉñÀUÀ¼ÀÄ ¥Àz
æ À²ð¹ªÉ.
2015gÀ°è eÁUÀwPÀ ªÀÄlÖzÀ MlÄÖ DAvÀjPÀ GvÁàz£ À A
É iÀÄÄ ±ÉÃ.3.1
gÀ¶ÖvÀÄÛ. DyðPÀ ©PÀÌnÖ£À £ÀAvÀgÀzÀ ¸ÀgÀPÀÄUÀ¼À ¨É¯ÉUÀ¼À°è PÀrvÀ,
zÀħ𮠧AqÀªÁ¼À ºÀjªÀÅ ªÀÄvÀÄÛ »AdjvÀzÀ ªÁå¥ÁgÀzÀ
£ÀqÄÀ ªÉ GzÀAiÉÆãÀÄäR ºÁUÀÆ C©üªÈÀ ¢Þ ºÉÆAzÀÄwÛgÄÀ ªÀ gÁµÀçÖU¼ À À
DyðPÀvÉAiÀÄ ¨É¼ÉªÀtÂUÉAiÀÄ°è »ªÀÄÄäRªÁVgÀĪÀÅzÀ£ÀÆß F
¥ÀæUÀwAiÀÄÄ ¥Àæw©A©¹zÉ.
C¢üPÀ DzÁAiÀÄ EgÀĪÀAvÀºÀ ¥ÀæªÀÄÄR zÉñÀUÀ¼À°è ¯Á¨sÁA±ÀªÀÅ
ªÀÄÄAzÀĪÀgÉ¢zÀÄÝ, ºÀtPÁ¹£À ¹ÜwUÀwUÀ¼À£ÀÄß ºÀAvÀºÀAvÀªÁV
©VUÉƽ¸À¯ÁUÀÄwÛzÉAiÀÄ®èzÉ, ¸ÀgÀPÀÄ ¨É¼ÉUÀ¼À ¹ÜjÃPÀgÀt ºÁUÀÆ
aãÁ zÉñÀzÀ°è PÀæªÉÄÃt ªÀÄgÀÄ ¸ÀªÀÄvÉÆî£À
PÁAiÀÄÄÝPÉÆArgÀĪÀÅzÀjAzÀ 2016-18gÀ°è DyðPÀ ¨É¼ÀªÀtÂUÉ
KjPÉAiÀiÁUÀ§ºÀÄzÉAzÀÄ CAzÁf¸À¯ÁVzÉ.
¨sÁgÀvÀzÀ DyðPÀ £ÉÆÃl:
¨sÁgÀvÀzÀ MlÄÖ DAvÀjPÀ GvÀà£ÀߪÀÅ LzÀÄ ªÀµÀðUÀ¼À¯Éèà C¢üPÀ
CAzÀgÉ ±ÉÃ.7.6gÀµÄÀ Ö ¨É¼ª À t
À U
 AÉ iÀÄ£ÀÄß PÀArzÀÄÝ, «±Àéz¯À ÃèÉ CvÀåAvÀ
ªÉÃUÀªÁV ¨É¼A É iÀÄÄwÛgÄÀ ªÀ »jzÁzÀ DyðPÀvA É iÀiÁVzÉ. ¨sÁgÀvª À ÅÀ
§AqÀªÁ¼À ºÀÆrPÉUÉ CªÀPÁ±ÀUÀ¼À ¯ÉÆÃPÀªÀ£Éßà vÉgÀ¢zÀÄÝ
¥ÀÆgÀPÀªÁzÀ ªÁvÁªÀgÀtzÉÆA¢UÉ «¥ÀÄ® CªÀPÁ±ÀªÀ£ÀÄß
PÀ°¹à PÉÆnÖz.É ºÀ®ªÁgÀÄ ªÀµð À UÀ¼À §gÀUÁ®«zÁÝUÆ À å ¸ÀÄzsÁjvÀ
PÀȶ GvÁàzÀ£É, vÀAiÀiÁjPÁ ªÀ®AiÀÄ, UÀtÂUÁjPÉ, «zÀÄåZÀÒQÛ
GvÁàzÀ£ÉAiÀÄ°è£À GvÀÛªÀÄ ¤ªÀðºÀuɬÄAzÁV ¨É¼ÀªÀtÂUÉAiÀÄ°è
KjPÉ PÀArzÉ.
¨sÁgÀvÀzÀ°è£À PÀȶ, vÀAiÀiÁjPÉ ªÀÄvÀÄÛ ¸ÉêÁPÉëÃvÀæUÀ¼ÀÄ PÀæªÀĪÁV
±ÉÃ.1.2, ±ÉÃ.9.3 ªÀÄvÀÄÛ ±ÉÃ.9.0gÀµÀÄÖ ¨É¼ÀªÀtÂUÉAiÀÄ£ÀÄß PÀArªÉ.
ªÉÄÃPï E£ï EArAiÀiÁ, rfl¯ï EArAiÀiÁ, ¹Ì¯ï EArAiÀiÁ,
¸ÁÖ m ïð-C¥ï-EArAiÀ i Á, ¸ÁÖ ö åAqï-C¥ï-EArAiÀ i Á,
¸ÁägïÖ ¹nøï, ¸ÀéZïÒ ¨sÁgÀvï C©üAiÀiÁ£ï£ÀAvÀºÀ ªÀĺÀvÁéPÁAQë
gÁ¶ÖçÃAiÀÄ PÁAiÀÄðPÀª
æ ÄÀ UÀ½UÉ ZÁ®£É ¤ÃrgÀĪÀÅzÀjAzÀ EªÀÅUÀ¼°
À è
§AqÀªÁ¼À ºÀÆrPÉzÁgÀjUÉ ªÀĺÀvÀÛgÀªÁzÀ CªÀPÁ±ÀUÀ¼À£ÀÄß
PÀ°à¹PÉÆlÄÖ «±ÀézÀ¯Éèà CwzÉÆqÀØ ªÀÄÆ®¨sÀÆvÀ ¸ËPÀgÀåUÀ¼À°è
MAzÁzÀ ¸ÀzÀj AiÉÆÃd£ÉUÀ¼À°è ºÀÆrPÉzÁgÀgÀÄ ¨sÁVUÀ¼ÁUÀ®Ä
¨sÁgÀvÀªÀÅ ¸ÁQëAiÀiÁVzÉ.
2015-16gÀ°è ªÀÄÄAUÁj£À°è ¸ÀvÀvÀªÁV JgÀqÀÄ ªÀµÀðUÀ¼À°è
¸ÁªÀiÁ£ÀåQÌAvÀ®Æ PÀrªÉÄ ªÀļÉAiÀiÁzÀ PÁgÀt, PÀȶ ªÀ®AiÀÄzÀ
¨É ¼ À ª À t  U É A iÀ Ä Ä PÀ Ä ApvÀ U É Æ AqÀ Ä , CzÀ Ä PÀ ¼ É z À zÀ ± À P À z À
rains. The total share of Agriculture and allied
sectors in terms of percentage of GVA to total GVA
is 17.5 per cent during 2015-16.
Growth in Industry is accelerated during the current
year on the strength of improving manufacturing
activity mainly from the private corporate sector,
with an around 69 per cent share of the
manufacturing sector. Apart from manufacturing,
the other three segments of the industry sector,
i.e., electricity, gas, water supply, mining &
quarrying and construction activities witnessed a
positive growth.
More than half of the Indian economy is the services
sector. Being the main driver of the economy, the
sector contributed 50 per cent of the total growth
during 2015-16. The hospitality sector is
strengthening with the private corporate sector in
the hotels and restaurant segment is growing
constantly Financial, Insurance, Real Estate and
Professional Services have witnessed double digit
growth in the year.
KARNATAKA’S ECONOMY:
Karnataka, the sixth largest State Economy in India
is one of the most industrially advanced states,
driven by its entrepreneurial spirit, innovative
outlook and stable, approachable Government.
Karnataka Gross State Domestic Product (GSDP)
with 2011-12 as new base year saw a growth of
6.2 per cent for 2015-16 as against 7 per cent for
2014-15 and reached ` 7,80,805 crore.
The growth of agriculture and allied sector showed
a decline of 4.7 per cent during 2015-16. This is
due to the fall in production of food grains because
of drought conditions in 136 taluks. The industry
sector (comprising mining & quarrying,
manufacturing, construction and electricity, gas and
water supply) grew by 4.5 per cent during the year
as against a growth of 4.4 per cent during 2014-15.
The service sector grew at 9.1%.
13
¸ÀgÁ¸ÀjVAvÀ®Æ PÀrªÉÄAiÀiÁVzÉ. 2015-16gÀ°è PÀȶ ªÀÄvÀÄÛ
¸À A §A¢ü v À ªÀ ® AiÀ Ä UÀ ¼ À ¥Á®Ä MlÄÖ ¸À A avÀ ªÀ i Ë®åzÀ
±ÉÃ.17.5gÀ¶ÖvÀÄÛ.
SÁ¸ÀV PÁ¥ÉÆðgÉÃmï ªÀ®AiÀÄzÀ vÀAiÀiÁjPÁ ZÀlĪÀnPÉUÀ¼À°è
¨É¼ÀªÀtÂUÉ DVzÀÝjAzÀ, vÀAiÀiÁjPÁ gÀAUÀzÀ°è ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è
¨É¼ÀªÀtÂUÉAiÀÄ°è ºÉaÑ£À ¥ÀæUÀw PÀAqÀħA¢zÉ ªÀÄvÀÄÛ vÀAiÀiÁjPÁ
gÀAUÀz°À è CzÀgÀ ¥Á®Ä ±ÉÃ.69gÀµÄÀ Ö PÀAqÀÄ §A¢vÀÄ. vÀAiÀiÁjPÁ
ªÀ®AiÀĪÀ£ÄÀ ß ºÉÆgÀvÄÀ ¥Àr¹ E¤ßvÀgÃÉ ªÀÄÆgÀÄ «¨sÁUÀU¼ À ° À A
è iÀÄÆ
CAzÀg,É «zÀÄåZÒÀ QÛ, UÁå¸ï, ¤ÃgÀÄ ¸Àg§ À gÁdÄ, UÀtU  ÁjPÉ ºÁUÀÆ
¤ªÀ i Áðt ZÀ l ĪÀ n PÉ U À ¼ À ° è zs À £ ÁvÀ ä P À ¨É ¼ À ª À t  U É A iÀ Ä £À Ä ß
PÁt§ºÀÄzÀÄ.
¨sÁgÀvÀzÀ CyðPÀvÉAiÀÄ°è ¸ÉêÁPÉëÃvÀæzÀ ¥Á®Ä CzsÀðQÌAvÀ®Æ
ºÉaÑzÉ. DyðPÀvÉAiÀÄ ªÀÄÄRå ZÁ®PÀ£ÁV, 2015-16gÀ°è ¸ÉêÁ
PÉÃë vÀz
æ À PÉÆqÀÄUÉAiÀÄÄ MlÄÖ ¨É¼ª
À t
À U
 A
É iÀÄ ±ÉÃ.50gÀµÁÖVzÉ. DwxÀå
ªÀ®AiÀĪÀÅ SÁ¸ÀVà PÁ¥ÉÆðgÉÃmï ªÀ®AiÀÄzÀ ªÀÄÆ®PÀ §®UÉÆAqÀ
¥ÀjuÁªÀĪÁV ºÉÆÃmÉ¯ï ªÀÄvÀÄÛ gɸÉÆÖÃgÉAmï «¨sÁUÀªÀÅ
¤gÀAvÀgÀªÁV ¨É¼ÀªÀtÂUÉAiÀÄ£ÀÄß PÀArzÉ. ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è
ºÀtPÁ¸ÀÄ, «ªÉÄ, jAiÀįï J¸ÉÖÃmï ªÀÄvÀÄÛ ªÀÈwÛ¥ÀgÀ ¸ÉêÉUÀ¼ÀÄ
JgÀqÀÄ CAQAiÀÄ ¨É¼ÀªÀtÂUÉUÉ ¸ÁQëAiÀiÁVªÉ.
PÀ£ÁðlPÀ gÁdåzÀ DyðPÀ £ÉÆÃl:
PÀ£ÁðlPÀªÅÀ , ¨sÁgÀvz
À À 6£Éà CwzÉÆqÀØ DyðPÀvAÉ iÀÄ gÁdåªÁVzÀÄÝ,
PÉÊUÁjPÁ C©üªÀÈ¢ÞAiÀÄ°è Cw ºÉZÀÄÑ ªÀÄÄAzÀĪÀgÉzÀ gÁdåUÀ¼À
¥ÉÊQ MAzÁVzÀÄÝ, ºÉƸÀvÀ£ÀzÀ ºÉÆgÀ£ÉÆÃl, ¹ÜgÀ, d£À¸Éßû
¸ÀPÁðgÀ ªÀÄvÀÄÛ GvÁìºÀ¨sÀjvÀ GzÀå«ÄUÀ¼À ZÁ®£Á±ÀQÛAiÀÄ£ÀÄß
ºÉÆA¢zÉ.
2011-12£ÀÄß ºÉƸÀ ªÀÄÆ® ªÀµð
À ªÉAzÀÄ ¥ÀjUÀt¹  zÁUÀ, PÀ£ÁðlPÀ
gÁdåzÀ MlÄÖ DAvÀjPÀ GvÁàz£ À A
É iÀÄÄ 2014-15gÀ°è ±ÉÃ.7gÀ¶ÖzÄÀ Ý
2015-16gÀ°è ±ÉÃ.6.2gÀµÀÄÖ ¨É¼ÀªÀtÂUÉAiÀÄ£ÀÄß PÀArvÀÄ ºÁUÀÆ
GvÁàzÀ£ÉAiÀÄÄ 7,80,805 PÉÆÃn gÀÆ.UÀ½UÉ vÀ®Ä¦vÀÄ.
gÁdåzÀ 136 vÁ®ÆèPÀÄUÀ¼À°è£À wêÀæ §gÀUÁ®¢AzÁV DºÁgÀ
GvÁàzÀ£ÉAiÀÄ°è E½PÉ PÀAqÀÄ §A¢zÀÝjAzÀ PÀȶ ºÁUÀÆ
¸ÀA§A¢üvÀ ªÀ®AiÀÄUÀ¼° À è 2015-16gÀ°è ¨É¼ª
À t
À U
 AÉ iÀÄ°è ±ÉÃ.4.7gÀµÄÀ Ö
E½PÉ PÀArzÉ. 2014-15gÀ°è PÉÊUÁjPÁ ªÀ®AiÀÄzÀ°è ¨É¼ª À t
À UÂ A
É iÀÄÄ
±ÉÃ.4.4gÀ¶ÖzÀÄÝ, ¥Àæ¸ÀÄÛvÀ ªÀµÀð ±ÉÃ.4.5gÀµÁÖ¬ÄvÀÄ (UÀtÂUÁjPÉ
ªÀÄvÀÄÛ PÀ®Äè, vÀAiÀiÁjPÉ, ¤ªÀiÁðt ºÁUÀÆ «zÀÄåZÀÒQÛ, UÁå¸ï,
ºÁUÀÆ ¤ÃgÀÄ ¸ÀgÀ§gÁdÄ M¼ÀUÉÆAqÀAvÉ). ¸ÉêÁ PÉëÃvÀæªÀÅ
±ÉÃ.9.1gÀµÀÄÖ ¨É¼É¬ÄvÀÄ.
The per capita State Income of Karnataka at
constant (2011-12) prices is estimated at ` 1,10,624
as compared to ` 1,00,594 during 2014-15.
The total value of exports of Karnataka during
2015-16 was US$ 79,429 Million against All India
Export of US$ 4,27,046 Million which amounts to
share of 18.60 per cent. The export performance
of the State in Electronic and Computer Software
alone was US$ 60,225 Million with a share of
36.50 per cent in India’s total exports in that sector.
Karnataka is the third largest recipient of foreign
direct investment (FDI) in the Country. Karnataka
received FDI amounting to ` 2679.10 crore having
a share of 11.30 per cent to the total FDI equity
inflows.
MSMEs form an integral part in Karnataka’s
Industrial Sector. During 2015-16 upto December
2015, 19,208 MSMEs have been registered in the
State with an investment of ` 2,89,810 lakh and
providing employment to 1,46,225 persons.
KIADB has developed 895 acres of land, where as
KSSIDC constructed 59 industrial sheds and
developed 741 industrial plots. The State attracted
industrial investment through State Level Single
Window Clearance Committee. The Committee
approved 262 projects with proposed investment
of ` 15,246 crore and employment potential to
1,15,827 persons. The State High Level Clearance
Committee cleared 29 projects with a proposed
investment of ` 90,831 crore and employment
potential to 1,75,074 persons.
Global Investors’ Meet – February 2016:
A successful ‘investors’ meet - INVEST KARNATAKA
was held between 3rd and 5th February 2016. The
Government attracted over ` 3,00,000 crore
investment, of which 1080 projects with
investments of ` 1,77,000 crore have been
approved, having potential to create employment
to 4.82 lakh persons. Further, 122 Memoranda of
14
PÀ£ÁðlPÀ gÁdåzÀ vÀ¯Á ªÀgÀªÀiÁ£ÀªÀÅ ¹ÜgÀ ¨É¯É (2011-12)
AiÀ Ä £À é A iÀ Ä 1,10,624 gÀ Æ . JAzÀ Ä CAzÁf¸À ¯ ÁVzÀ Ä Ý,
2014-15PÉÌ ºÉÆð¹zÁUÀ CzÀÄ 1,00,594 gÀÆ.UÀ¼ÁVvÀÄÛ.
2015-16gÀ ¸Á°£À ° è PÀ £ ÁðlPÀ z À MlÄÖ gÀ ¥ s À Ä Û ªÀ i Ë®å
US$ 79,429 «Ä°AiÀ Ä £ï EzÀ Ä Ý, zÉ Ã ±À z À MlÄÖ gÀ ¦ ü Û £ À
US$ 4,27,046 «Ä°AiÀÄ£ïUÀ¼À ±ÉÃ. 18.60gÀµÁÖVgÀÄvÀÛz.É gÁdåzÀ
J¯ÉPÁÖç¤Pï ªÀÄvÀÄÛ PÀA¥ÀÆålgï vÀAvÁæA±ÀzÀ PÉëÃvÀæªÉÇAzÀgÀ¯ÉèÃ
gÀ¦üÛ£À ¸ÁzsÀ£É US$ 60,225 «Ä°AiÀÄ£ïUÀ¼ÁVzÀÄÝ EzÀÄ F
PÉëÃvÀæzÀ°è ¨sÁgÀvÀzÀ MlÄÖ gÀ¦üÛ£À ±ÉÃ. 36.50gÀ¶ÖgÀÄvÀÛzÉ.
PÀ£ÁðlPÀªÅÀ zÉñÀzÀ vÀÈwÃAiÀÄ CwzÉÆqÀØ «zÉò £ÉÃgÀ ºÀÆrPÉAiÀÄ
UÁæ»AiÀiÁV ºÉÆgÀºÆ É «ÄäzÄÀ Ý, 2,679.10 PÉÆÃn gÀÆ.UÀ¼À «zÉò
£ÉÃgÀ ºÀÆrPÉAiÀÄ£ÀÄß DPÀ¶ð¸ÀĪÀ ªÀÄÆ®PÀ MlÄÖ «zÉò £ÉÃgÀ
ºÀÆrPÉAiÀÄ ±ÉÃ.11.30gÀµÀÄÖ ¥Á®£ÀÄß ºÉÆA¢zÉ.
PÀ£ÁðlPÀzÀ PÉÊUÁjPÁ ªÀ®AiÀÄzÀ°è Cw ¸Àt,Ú ¸ÀtÚ ªÀÄvÀÄÛ ªÀÄzsåÀ ªÄÀ
ªÀ®AiÀĪÀÅ MAzÀÄ ¥ÀæªÀÄÄR ¨sÁUÀªÁVgÀĪÀÅzÀÄ. 2015-16gÀ°è
r¸ÉA§gï 2015gÀ ªÀgÉUÉ 19,208 WÀlPÀUÀ¼À£ÀÄß
£ÉÆÃAzÁ¬Ä¹PÉÆArzÀÄÝ, CªÀÅUÀ½AzÁV 1,46,225 d£ÀjUÉ
GzÉÆåÃUÀ zÉÆgÉAiÀÄĪÀ CªÀPÁ±À«zÀÄÝ, 2,89,810 ®PÀë gÀÆ.UÀ¼À
§AqÀªÁ¼À ºÀÆrPÉ ¸ÁzsÀåvɬÄzÉ.
PÀ£ÁðlPÀ PÉÊUÁjPÁ ¥Àz æ ÃÉ ±Á©üª ü ÈÀ ¢Ý ªÀÄAqÀ½AiÀÄÄ ¥À¸
æ ÄÀ v
Û À ªÀµð
À zÀ°è
895 JPÀgÉ ¨sÀÆ«ÄAiÀÄ£ÀÄß C©üªÀÈ¢Þ ¥Àr¹zÉ. KSSIDC AiÀÄÄ
741 PÉÊUÁjPÁ ¤ªÉñÀ£U À ¼À £
À ÄÀ ß ºÁUÀÆ 59 PÉÊUÁjPÁ ±ÉqïUÀ¼£ À ÄÀ ß
C©ü ª À È ¢Þ¥À r ¹zÉ . gÁdåªÀ Ä lÖ z À KPÀ U À ª ÁQë AiÉ Æ Ãd£Á
ªÀ Ä AdÆgÁw ¸À « ÄwAiÀ Ä ªÀ Ä Æ®PÀ gÁdåªÀ Å PÉ Ê UÁjPÁ
§AqÀªÁ¼Àª£ À ÄÀ ß DPÀ¶ð¸ÀÄwÛz.É F ¸À«ÄwAiÀÄÄ 262 AiÉÆÃd£ÉU¼ À À
15,246 PÉÆÃn gÀÆ.UÀ¼À ªÉÆvÀz Û À GzÉÝòvÀ §AqÀªÁ¼À ºÀÆrPÉUÉ
M¦àUÉ ¤ÃrzÀÄÝ, EzÀjAzÀ 1,15,827 d£ÀjUÉ GzÉÆåÃUÁªÀPÁ±À
zÉÆgÉAiÀÄ°zÉ. gÁdåzÀ G£ÀßvÀ ªÀÄlÖzÀ AiÉÆÃd£Á ªÀÄAdÆgÁw
¸À«ÄwAiÀÄÄ (SHLCC) 29 AiÉÆÃd£ÉU¼ À À 90,831 PÉÆÃn gÀÆ.UÀ¼À
ªÉÆvÀÛzÀ GzÉÝòvÀ §AqÀªÁ¼À ºÀÆrPÉUÉ M¦àUÉ ¸ÀÆa¹zÀÄÝ
EzÀjAzÀ 1,75,074 d£ÀjUÉ GzÉÆåÃUÁªÀPÁ±À zÉÆgÉAiÀÄ°zÉ.
eÁUÀwPÀ §AqÀªÁ¼À ºÀÆrPÉzÁgÀgÀ ¸ÀªÀiÁªÉñÀ - ¥sɧæªÀj 2016:
§AqÀªÁ¼À ºÀÆrPÉzÁgÀgÀ ¸ÀªÀiÁªÉñÀªÀÅ ¥sɧæªÀj 3 ªÀÄvÀÄÛ 5,
2016gÀAzÀÄ AiÀıÀ¹éAiÀiÁV £ÀqÉzÀÄ, gÁdå ¸ÀPÁðgÀªÀÅ ªÀÄÆgÀÄ
®PÀë PÉÆÃn gÀÆ.UÀ¼À ºÀÆrPÉAiÀÄ£ÀÄß DºÁ餹zÀÄÝ CªÀÅUÀ¼À ¥ÉÊQ
1080 AiÉÆÃd£ÉU½ À AzÀ 1.77 ®PÀë PÉÆÃn gÀÆ.UÀ¼À AiÉÆÃd£ÉU¼
À £
À ÄÀ ß
C£ÀĪÉÆâ¹zÉ. EzÀgÀ ¥sÀ®ªÁV 4.82 ®PÀë GzÉÆåÃUÀªÀÇ
¸ÀȶÖAiÀiÁUÀĪÀ ¤jÃPÉë¬ÄzÉ. EzÀ®èzÉ, ««zsÀ ªÀ®AiÀÄUÀ½AzÀ
Understanding/ Expressions of Interest were signed 122 MoU/EoI UÀ½UÀÆ ¸ÀºÀ ¸À» ªÀiÁqÀ¯ÁVzÉ. EªÀÅUÀ½AzÀ
across sectors with potential of ` 1.27 lakh crore of 1.27 ®PÀë PÉÆÃn gÀÆ.UÀ¼À ºÀÆrPÉAiÀÄÆ ºÁUÀÆ 1.70 ®PÀë
investment and employment creation for 1.70 lakh d£ÀjUÉ GzÉÆåÃUÀªÀÇ ¸ÀȶÖAiÀiÁUÀĪÀ ¸ÁzsÀåvɬÄzÉ.
persons.
PÀ£ÁðlPÀ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜUÉ gÁdå ¸ÀPÁðgÀzÀ ¸ÀºÁAiÀÄ
STATE GOVERNMENT SUPPORT FOR KSFC :
2015-16gÀ ºÀtPÁ¸ÀÄ ªÀµÀðzÀ°è PÀ£ÁðlPÀ ¸ÀPÁðgÀªÀÅ ¸ÀA¸ÉÜUÉ
During the year, the Government of Karnataka 75.00 PÉÆÃn gÀÆ.UÀ¼À FQén §AqÀªÁ¼ÀªÀ£ÀÄß ºÁUÀÆ
provided an equity capital of ` 75.00 crore and 24.54 PÉÆÃn gÀÆ.UÀ¼À §rØ ¸ÀºÁAiÀÄzsÀ£ÀzÀ £ÉgÀªÀ£ÀÄß ºÀ®ªÀÅ
interest subsidy of ` 24.54 crore as indicated below, AiÉÆÃd£ÉUÀ¼ÀrAiÀÄ°è MzÀV¹zÀÄÝ, CªÀÅUÀ¼ÀÄ F PɼÀV£ÀAwªÉ:
under various schemes :
™¥Àj²µÀÖ eÁw G¢ÝªÄÉ zÁgÀjUÉ : 15.00 PÉÆÃn gÀÆ.
™ Scheduled Caste Entrepreneurs : ` 15.00 crore
™¥Àj²µÀÖ ¥ÀAUÀqU À À G¢ÝªÄÉ zÁgÀjUÉ : 8.00 PÉÆÃn gÀÆ.
À ¼
™ Scheduled Tribe Entrepreneurs : ` 8.00 crore
™ªÉÆzÀ® ¦Ã½UÉ G¢ÝªÄÉ zÁgÀjUÉ : 0.80 PÉÆÃn gÀÆ.
™ First Generation Entrepreneurs : ` 0.80 crore
™ªÀÄ»¼Á G¢ÝªÄÉ zÁgÀjUÉ : 0.74 PÉÆÃn gÀÆ.
™ Women Entrepreneurs : ` 0.74 crore
ªÀÄÄRåªÁzÀ ¤Ãw ¤tðAiÀÄ:
IMPORTANT POLICY DECISION:
¥À¸
æ ÄÀ v
Û À ªÀµð
À zÀ°,è ¸ÀA¸ÉÜAiÀÄÄ ¥Àª
æ ÄÀ ÄRªÁzÀ ¤Ãw ¤tðAiÀÄUÀ¼£
À ÄÀ ß
During the year, the Corporation has taken major eÁjUÉƽ¹zÀÄÝ CªÀÅUÀ¼ÀÄ F PɼÀV£ÀAwªÉ :
policy decisions as detailed below ;
™ ªÉÆzÀ® ¦Ã½UÉ G¢ÝªÄÉ zÁgÀgÄÀ ºÉƸÀzÁV ¸Áܦ¸ÀĪÀ
™ Implementation of Interest Subsidy Scheme Cw ¸ÀtÚ ªÀÄvÀÄÛ ¸ÀtÚ PÉÊUÁjPÉUÀ½UÉ §rØ ¸ÀºÁAiÀÄzsÀ£À
for the first generation entrepreneurs AiÉÆÃd£É;
establishing New Micro & Small Industries;
™ ¸ËgÀ ±ÀQÛ GvÁàz£
À Á AiÉÆÃd£ÉU½
À UÉ ºÀtPÁ¹£À £Égª
À ÅÀ
™ Implementation of scheme for financing ¤ÃqÀĪÀ AiÉÆÃd£É;
Solar Power Generation Projects;
™ ªÀÄ»¼Á G¢ÝªÄÉ zÁgÀjUÉ §rØ ¸ÀºÁAiÀÄzs£
À À AiÉÆÃd£É;
™ Introduction of Interest Subsidy Scheme
™ ¥Àj²µÀÖ eÁw / ¥Àj²µÀÖ ¥ÀAUÀqÀUÀ¼À G¢ÝªÉÄzÁgÀjUÉ
for Women Entrepreneurs;
§rØ ¸ÀºÁAiÀÄzsÀ£À AiÉÆÃd£ÉAiÀÄrAiÀÄ°è £ÉgÀ«£À
™ Enhancement of limit for assistance to «ÄwAiÀÄ£ÀÄß UÀjµÀ× 2.00 PÉÆÃn gÀÆ.UÀ½AzÀ 5.00
` 5.00 crore from ` 2.00 crore to SC/ST PÉÆÃn gÀÆ.UÀ½UÉ ºÁUÀÆ ªÀÄgÀÄ¥ÁªÀwAiÀÄ CªÀ¢üAiÀÄÄ
Entrepreneurs under Interest Subsidy 5 ªÀµÀðUÀ½AzÀ 8 ªÀµÀðUÀ½UÉ ºÉZÀѼÀ;
Scheme & extension of repayment from ™ 10.00 ®PÀë gÀÆ.UÀ¼ÀªÀgÉV£À ¸ÀtÚ ¥Àª
æ ÀiÁtzÀ ¸Á®UÀ½UÉ
5 years to 8 years; PÀ£ÁðlPÀ ¸ÀPÁðgÀzÀªÀw¬ÄAzÀ «±ÉõÀ MAzÁªÀwð
™ Re-introduction of Special OTS Scheme of wÃgÀĪÀ½ AiÉÆÃd£ÉAiÀÄ ¥ÀÄ£Àgï eÁj;
GoK for small loans upto ` 10.00 lakh; ™ MCAR AiÉÆÃd£ÉUÉ (¥ÀjµÀÌøvÀ ¢ÃWÀPÁ°Ã£À ¸ÀÄ¹Û D¹ÛU¼ À À
™ Further amendments to MCAR Scheme and wÃgÀĪÀ½ AiÉÆÃd£É) CUÀvÀå«gÀĪÀ wzÀÄÝ¥Àr ºÁUÀÆ
guidelines for release of third party 3£Éà ªÀåQÛAiÀÄ ¥ÀÆgÀPÀ ¨sz
À v
æÀ A
É iÀÄ£ÀÄß ©qÀÄUÀqU
É Æ
É ½¸À®Ä
collateral security; ªÀiÁUÀð ¸ÀÆaUÀ¼ÀÄ;

™ Membership of Credit Information ™ PÉænqï E£ï¥sÀªÉÄðµÀ£ï PÀA¥À¤AiÀÄ (CICs) ¸ÀzÀ¸ÀåvÀé

Companies (CICs) and submitting data on ¥ÀqzÉ ÄÀ , GzÉÝñÀ ¥ÀƪÀðPÀ ¸ÀĹÛzÁgÀgÀ ªÀiÁ»wAiÀÄ£ÀÄß
wilful defaulters to all CICs; J¯Áè CICs PÀA¥À¤UÀ½UÉ ¸À°è¸ÀĪÀÅzÀÄ;

15
BOARD AND EXECUTIVE COMMITTEE MEETINGS: ¤zÉÃð±ÀPÀ ªÀÄAqÀ½ ªÀÄvÀÄÛ PÁAiÀÄðPÁj ¸À«Äw ¸À¨sÉUÀ¼ÀÄ:

During the year 2015-16, the Corporation
conducted 6 meetings of the Board of Directors and
05 meetings of the Executive Committee.
2015-16 gÀ°è PÀ£ÁðlPÀ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜAiÀÄ ¤zÉÃð±ÀPÀ
ªÀÄAqÀ½AiÀÄÄ 6 (DgÀÄ) ¸À¨U És ¼
À £
À ÄÀ ß ªÀÄvÀÄÛ PÁAiÀÄðPÁj ¸À«ÄwAiÀÄ
5 (LzÀÄ) ¸À¨sÉUÀ¼À£ÀÄß £ÀqɹvÀÄ.

AUDIT COMMITTEE: ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀ£Á ¸À«Äw:

The Audit Committee, a Sub-committee of the ¤zÉÃð±ÀPÀ ªÀÄAqÀ½AiÀÄ G¥À-¸À«ÄwAiÀiÁzÀ ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀ£Á
Board headed by a professional Director, met three ¸À«ÄwAiÀÄÄ DyðPÀ ªÀµð À 2015-16gÀ°è 3 (ªÀÄÆgÀÄ) ¸À¨U
És ¼
À £
À ÄÀ ß
times during the financial year 2015-16. £Àq¹
É vÀÄ.

RISK MANAGEMENT COMMITTEE: «¥ÀvÄÀ Û ¸ÀA¨sª

À À ¤ªÀðºÀuÁ ¸À«Äw:

The Risk Management Committee, a sub- ¸ÀA¸ÉÜAiÀÄ ¤zÉÃð±ÀPÀgÀ ªÀÄAqÀ½AiÀÄ G¥À¸À«ÄwAiÀiÁzÀ «¥ÀvÀÄÛ
committee of the Board reviewed the Risk ¤ªÀðºÀuÁ ¸À«ÄwAiÀÄÄ ¸À¨sÉ £Àqɹ «¥ÀvÀÄÛ ¸ÀA¨sÀªÀ ¤ªÀðºÀuÁ
Management Policy and practices. The analysis of ¤ÃwUÀ¼ÀÄ ªÀÄvÀÄÛ ¥ÀzÀÞwUÀ¼À ¥ÀÄ£À«ðªÀıÉð £ÀqɹvÀÄ. «¥ÀvÀÄÛ
the status of the proposals rated by the Risk ¸ÀA¨sÀªÀ ¤ªÀðºÀuÁ «¨sÁUÀ¢AzÀ ªÀiË®åªÀiÁ¥À£À ªÀiÁqÀ¯ÁzÀ
Management Department was placed for ¥À¸
æ ÁÛ¥U
À ¼
À À ¹Üw «±ÉÃè µÀuA
É iÀÄ£ÀÄß ¸ÀA¸ÉÜAiÀÄ ¸À«ÄwAiÀÄ ªÀiÁ»wUÁV
information. ªÀÄAr¸À¯Á¬ÄvÀÄ.

ASSET LIABILITY MANAGEMENT COMMITTEE: D¹Û ºÉÆuÉUÁjPÉAiÀÄ ¤ªÀðºÀuÁ ¸À«Äw:

The Asset Liability Management Committee, ¸ÀA¸ÉÜAiÀÄ CzsÀåPÀëgÀÄ ºÁUÀÆ ªÀåªÀ¸ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀ CzsÀåPÀëvÉ
chaired by the Chairman and Managing Director ªÀÄvÀÄÛ »jAiÀÄ C¢üPÁjUÀ¼À ¸ÀzÀ¸ÀåvÀézÀ°è D¹Û ºÉÆuÉUÁjPÉ
and senior executives as members met three times ¤ªÀðºÀuÁ ¸À«ÄwAiÀÄÄ 2015-16gÀ°è ªÀÄÆgÀÄ ¨Áj ¸À¨sÉAiÀÄ£ÀÄß
during the FY 2015-16. The Committee reviewed £Àqɹ, £ÀUÀzÀÄ ºÀj«£À vÀ:SÉÛ, D¹Û ºÉÆuÉUÁjPÉ vÀBSÉÛUÀ¼ÀÄ,
Cash flow Statements, Asset liability statements, ¸Á® ¥À¸ æ ÁÛª£
À U
É ¼
À ÄÀ ªÀÄvÀÄÛ §rØ zÀgU
À ¼
À £
À ÄÀ ß ¥ÀÄ£À«ðªÀIJð¸À®Ä,
Lending rates, Borrowing programmes and related r¥Á¹mïUÀ¼ÀÄ, ¨ÁåAPÀÄUÀ¼À ¨ÁAqïUÀ¼ÀÄ ªÀÄvÀÄÛ ªÀÄÄAUÀqÀUÀ¼ÀÄ
matters. ªÀÄwÛvÀgÀ ¸ÀA§AzsÀ¥ÀlÖ «µÀAiÀÄUÀ¼À «±ÉèõÀuÉ ªÀiÁrvÀÄ.

OPERATIONAL HIGHLIGHTS ¸ÀA¸ÉÜAiÀÄ PÁAiÀiÁðZÀgÀuÉAiÀÄ ªÀÄÄSÁåA±ÀUÀ¼ÀÄ

SANCTIONS : ªÀÄAdÆgÁwUÀ¼ÀÄ:

During the year 2015-16, Sanctions of loans under 2015-16gÀ ° è ««zs À ¸Á® AiÉ Æ Ãd£É U À ¼ À ªÀ Ä Æ®PÀ
various schemes touched ` 731.94 crore covering 1,111 ¥ÀæPÀgÀtUÀ½UÉ 731.94 PÉÆÃn gÀÆ.UÀ¼À ¸Á® ªÀÄAdÆgÀÄ
1,111 cases as against ` 675.15 crore covering 1,092 ªÀiÁqÀ¯ÁVzÉ. 2014-15gÀ°è 1,092 ¥ÀPæ g À t
À UÀ½UÉ 675.15 PÉÆÃn
cases during 2014-15. Cumulative sanctions gÀÆ.UÀ¼£ À ÄÀ ß ªÀÄAdÆgÀÄ ªÀiÁqÀ¯ÁVvÀÄ.Û 31.3.2016gÀªg
À U
É É 1,70,355
reached ` 14,542.62 crore covering 1,70,355 cases ¥ÀPæ g
À t
À UÀ½UÉ 14,542.62 PÉÆÃn gÀÆ.UÀ¼À ¸ÀAavÀ ¸Á® ªÀÄAdÆgÀÄ
as on 31-03-2016. ªÀiÁqÀ¯ÁVzÉ.

FLOW OF ASSISTANCE: £ÉgÀ«£À ºÀjªÀÅ:

a. Assistance to micro and small - scale C. Cw ¸ÀtÚ ªÀÄvÀÄÛ ¸ÀtÚ ¥ÀæªÀiÁtzÀ PÉÊUÁjPÉUÀ½UÉ £ÉgÀªÀÅ:
enterprises: During the year, the ¥Àæ¸ÀÄÛvÀ ªÀµÀð ¸ÀA¸ÉÜAiÀÄÄ 922 ¸ÀtÚ ¥ÀæªÀiÁtzÀ
Corporation sanctioned an amount of PÉÊUÁjPÉU½À UÉ 514.94 PÉÆÃn gÀÆ.UÀ¼À ¸Á® ªÀÄAdÆgÀÄ

16
 ` 514.94 crore to 922 small-scale enterprises. ªÀiÁrvÀÄ. 2016gÀ ªÀiÁZïð CAvÀåzÀªÀgÉUÉ 8,268.08
Cumulative assistance to small - scale PÉÆÃn gÀÆ.UÀ¼À ¸ÀAavÀ £Égª
À ÅÀ 1,12,217 GzÀåªÀÄUÀ½UÉ
enterprises at the end of March 2016 stood
at ` 8,268.08 crore to 1,12,217 enterprises. zÉÆgÉwzÉ.

b. Assistance to medium-scale enterprises: D. ªÀÄzsÀåªÀÄ ¥ÀæªÀiÁtzÀ PÉÊUÁjPÉUÀ½UÉ £ÉgÀªÀÅ: ¥Àæ¸ÀÄÛvÀ

During the year, the Corporation extended
financial assistance to 36 medium-scale
enterprises amounting to ` 45.64 crore. The
cumulative assistance to medium - scale
enterprises at the end of March 2016 stood
at ` 1,261.86 crore to 1,860 enterprises.
c. Assistance to transport: During the year, the
Corporation extended financial assistance
to 58 cases amounting to ` 8.58 crore. The
cumulative assistance to this sector stood
at ` 788.33 crore to 40,832 cases.
d. Assistance to other sectors: During the year,
assistance to other sectors excluding
MSMEs and transport amounted to
` 162.78 crore to 95 cases. Cumulative
assistance to other sectors stood at
` 3,516.77 crore to 12,472 cases.
INDUSTRYWISE SANCTIONS FOR THE FY : 2015-16
ªÀµÀðzÀ°è 36 ªÀÄzsÀåªÀÄ ¥ÀæªÀiÁtzÀ GzÀåªÀÄUÀ½UÉ
45.64 PÉÆÃn gÀÆ.UÀ¼À £ÉgÀªÀ£ÀÄß ¤ÃrzÉ. ªÀiÁZïð
2016gÀ CAvÀåzÀªÀgÉUÉ 1,860 GzÀåªÀÄUÀ½UÉ ¤ÃrgÀĪÀ
¸ÀAavÀ £ÉgÀªÀÅ 1,261.86 PÉÆÃn gÀÆ.UÀ¼ÁVªÉ.
E. ¸ÁjUÉ GzÀåªÀÄPÉÌ £Égª
À ÅÀ : ¥À¸
æ ÄÀ ÛvÀ ¸Á°£À°è 8.58 PÉÆÃn
gÀÆ.UÀ¼À ºÀtPÁ¹£À £ÉgÀªÀ£ÀÄß 58 ¥ÀæPÀgÀtUÀ½UÉ
¤ÃqÀ¯Á¬ÄvÀÄ. F ªÀ®AiÀÄPÉÌ ¤ÃrzÀ ¸ÀAavÀ £ÉgÀªÀÅ
40,832 ¥ÀæPÀgÀtUÀ½UÉ 788.33 PÉÆÃn gÀÆ.UÀ¼ÁVªÉ.
F. EvÀgÀ PÉÊUÁjPÉUÀ½UÉ £ÉgÀªÀÅ: ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è Cw
¸ÀtÚ, ¸ÀtÚ, ªÀÄzÀåªÀÄ ºÁUÀÆ ¸ÁjUÉ GzÀåªÀĪÀ£ÀÄß
ºÉÆgÀvÀÄ¥Àr¹zÀAvÉ 95 ¥ÀæPÀgÀtUÀ¼À°è 162.78 PÉÆÃn
gÀÆ.UÀ¼À £ÉgÀªÀÅ ¤ÃqÀ¯ÁVzÉ. EvÀgÀ ªÀ®AiÀÄUÀ½UÉ
¤ÃqÀ¯ÁzÀ ¸ÀAavÀ £ÉgÀªÀÅ 12,472 ¥ÀæPÀgÀtUÀ½UÉ
3,516.77 PÉÆÃn gÀÆ.UÀ¼ÁVªÉ.
2015-16gÀ ºÀtPÁ¸ÀÄ ªÀµÀðzÀ°è PÉÊUÁjPÁªÁgÀÄ ªÀÄAdÆgÁw

(Amount : ` in crore ) (ªÉÆvÀÛ: PÉÆÃn gÀÆ.UÀ¼À°è)

Sl. Industry Amount % to the PÀæ. PÉÊUÁjPÉ ªÉÆvÀÛ MlÄÖ
No. total ¸ÀA. ªÉÆvÀz
Û À ±ÉÃ.
1 Hotels / Restaurants etc. 115.14 15.73 1 ºÉÆÃmɯï/gɸÉÆÖÃgÉAmï 115.14 15.73
2 Construction Activities (CRE) 121.17 16.56 2 PÀlÖqÀ ¤ªÀiÁðt ZÀlĪÀnPÉUÀ¼ÀÄ 121.17 16.56
3 Food & Beverages 76.76 10.49 3 DºÁgÀ 76.76 10.49
4 Engineering 119.31 16.30 4 EAd¤AiÀÄjAUï 119.31 16.30
5 Non-Metallic Products 58.53 8.00 5 C¯ÉÆúÀ GvÀà£ÀßUÀ¼ÀÄ 58.53 8.00
6 Miscellaneous Manufacturing 80.40 10.98 6 EvÀgÉ GvÀà£ÀßUÀ¼ÀÄ 80.40 10.98
7 Chemicals 26.46 3.61 7 gÁ¸ÁAiÀĤPÀUÀ¼ÀÄ 26.46 3.61
8 Others 31.84 4.35 8 EvÀgÉ 31.84 4.35
9 Textiles & Readymade Garments 32.99 4.51 9 dªÀ½ ªÀÄvÀÄÛ ¹zÀÞ GqÀÄ¥ÀÄUÀ¼ÀÄ 32.99 4.51
10 Rubber & Rubber Products 3.06 0.42 10 gÀ§âgï ªÀÄvÀÄÛ gÀ§âgï GvÀà£ÀßUÀ¼ÀÄ 3.06 0.42
11 Printing & Publishing 16.90 2.31 11 ªÀÄÄzÀt
æ ªÀÄvÀÄÛ ¥ÀPæ Á±À£À 16.90 2.31
12 Basic Metal 10.86 1.48 12 ªÀÄÆ® ¯ÉÆúÀ 10.86 1.48
13 Transport / Tpt.equipment 17.20 2.35 13 ¸ÁjUÉ/¸ÁjUÉ G¥ÀPÀgÀtUÀ¼ÀÄ 17.20 2.35
14 Wood & Cork / Furniture & Fixtures 11.01 1.50 14 ªÀÄgÀ ªÀÄvÀÄÛ ©gÀq/É ¦ÃoÉÆÃ¥ÀPg
À t
À UÀ¼ÄÀ 11.01 1.50
15 Paper & Paper Products 10.31 1.41 15 PÁUÀzÀ ªÀÄvÀÄÛ PÁUÀzÀ GvÀà£ÀßUÀ¼ÀÄ 10.31 1.41
Total 731.94 100.00 MlÄÖ 731.94 100.00

17
 SIZEWISE SANCTIONS FOR 2015-16 ºÀtPÁ¸ÀÄ ªÀµÀðzÀ°è ªÉÆvÀÛPÀÌ£ÀÄUÀÄtªÁV
THE FY : 2015-16 ªÀiÁqÀ¯ÁzÀ ªÀÄAdÆgÁw
(Amount : ` in crore ) (ªÉÆvÀÛ: PÉÆÃn gÀÆ.UÀ¼À°è)
Sl. Sanctions No. Amount % to the PÀæ ªÀÄAdÆgÁw ¸ÀASÉå ªÉÆvÀÛ MlÄÖ ªÉÆvÀÛPÉÌ
No. total ¸ÀA. ±ÉÃPÀqÀªÁgÀÄ
No. Amount ¸ÀASÉå ªÉÆvÀÛ
1 Up to ` 10.00 lakh 76 5.53 6.84 0.76 1 gÀÆ. 10.00 ®PÀëUÀ¼À ªÀgÉUÉ 76 5.53 6.84 0.76
2 Above 2 gÀÆ. 10.00 ®PÀëPÀÆÌ
` 10.00 lakh ªÉÄîàlÄÖ gÀÆ. 45 ®PÀëUÀ¼À
to ` 45.00 lakh 372 82.93 33.48 11.33 ªÀgÉUÉ 372 82.93 33.48 11.33
3 Above 3 gÀÆ. 45.00 ®PÀëPÀÆÌ
` 45.00 lakh ªÉÄîàlÄÖ gÀÆ. 150 ®PÀëUÀ¼À
to ` 150.00 lakh 468 250.43 42.13 34.21 ªÀgÉUÉ 468 250.43 42.13 34.21
4 Above 4 gÀÆ. 150.00 ®PÀëPÀÆÌ
` 150.00 lakh ªÉÄîàlÄÖ gÀÆ. 300 ®PÀëUÀ¼À
to ` 300.00 lakh 113 118.24 10.17 16.16 ªÀgÉUÉ 113 118.24 10.17 16.16
5 Above 5 gÀÆ. 300.00 ®PÀëPÀÆÌ
` 300.00 lakh ªÉÄîàlÄÖ gÀÆ. 500 ®PÀëUÀ¼À
to ` 500.00 lakh 48 123.66 4.32 16.89 ªÀgÉUÉ 48 123.66 4.32 16.89
6 Above 6 gÀÆ. 500.00 ®PÀëUÀ¼À
` 500.00 lakh 34 151.15 3.06 20.65 ªÉÄîàlÄÖ 34 151.15 3.06 20.65
Total 1111 731.94 100.00 100.00 MlÄÖ 1111 731.94 100.00 100.00

DISBURSEMENT : «vÀgÀuÉ:
During the year 2015-16, the Disbursement was 2015-16 £Éà ¸Á°£À°è ¸ÀA¸ÉÜ 566.36 PÉÆÃn gÀÆ.UÀ¼À£ÀÄß
` 566.36 crore as against ` 553.62 crore during the
«vÀgÀuÉ ªÀiÁrzÉ. PÀ¼ÉzÀ ªÀµÀð 553.62 PÉÆÃn gÀÆ. UÀ¼À£ÀÄß
year 2014-15. The cumulative disbursement of the
«vÀgÀuÉ ªÀiÁrvÀÄÛ. 31.03.2016gÀªÀgÉV£À ¸ÀAavÀ «vÀgÀuÉ
Corporation reached `11,387.48 crore as on
11.387.48 PÉÆÃn gÀÆ.UÀ¼À£ÀÄß vÀ®Ä¦zÉ.
31.03.2016.

INVESTMENT, VALUE OF OUTPUT AND §AqÀªÁ¼À, GvÀà£ÀßUÀ¼À ªÀiË®å ªÀÄvÀÄÛ GzÉÆåÃUÀ:

EMPLOYMENT : 2015-16£Éà ¸Á°£À°è ¸ÀA¸ÉܬÄAzÀ ¤ÃqÀ¯ÁzÀ ¸Á®UÀ¼ÀÄ
The investment catalysed by the Corporation in 3,777.76 PÉÆÃn gÀÆ.UÀ¼ÉAzÀÄ CAzÁdÄ ªÀiÁqÀ¯ÁVzÀÄÝ
2015-16 is expected to be ` 3,777.76 crore resulting GvÁàzÀ£ÉAiÀÄ ªÀiË®å 2,439.01 PÉÆÃn gÀÆ.UÀ¼ÁVzÀÄÝ, 7,057
in value of output to ` 2,439.01 crore and generated d£ÀjUÉ GzÉÆåÃUÀ ¸ÀȶָÀĪÀ CAzÁfzÉ.
employment to 7,057 persons.
ªÀ¸Æ
À ¯Áw:
RECOVERY :
During the year 2015-16, the Corporation recovered ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è ¸ÀA¸ÉÜAiÀÄÄ MlÄÖ 842.48 PÉÆÃn gÀÆ.UÀ¼À£ÀÄß
a total amount of ` 842.48 crore as compared to ªÀ¸ÀƯÁw ªÀiÁrvÀÄ. PÀ¼ÉzÀ ªÀµÀð ¸ÀA¸ÉÜAiÀÄÄ 814.00 PÉÆÃn
` 814.00 crore was recovered in the previous year. gÀÆ.UÀ¼£
À ÄÀ ß ªÀ¸Æ
À ° ªÀiÁrvÀÄ.Û ªÀ¸Æ
À ¯Áw ªÀiÁqÀ¯ÁzÀ CªÀ¢ü ¸Á®

18
Recovery in respect of term loan was ` 841.10 crore
and ` 1.38 crore in respect of HP&FS activities.
SUBSIDIES & GRANTS-IN-AID :
• A grant-in-aid amount of ` 33.53 lakh under
MoFPI scheme was released by Ministry of
Food Processing Industries, Government of
India;
• Under Credit Linked Capital Subsidy
Scheme, an amount of ` 75.34 lakh was
released by Ministry of Micro, Small &
Medium Enterprises, Government of India;
FINANCIAL RESULTS:
During the year under review, the Corporation
earned a gross revenue of ` 311.17 crore as against
` 317.23 crore in FY 2014-15. The net profit was
` 32.13 crore.
TREASURY ACTIVITY:
During the year, the Government of Karnataka
provided an equity capital of ` 75.00 crore. As on
31-03-2016, the paid up equity capital of the
Corporation stood at ` 710.01 crore and share
application money of ` 376.93 crore compared to
paid up equity of ` 658.56 crore and share
application money of ` 353.39 crore as on
31-03-2015.
The Corporation could not make private placement
bond issue during the year because the new
investment guidelines issued by Ministry of
Finance, Government of India. During the year the
Corporation redeemed bonds amounting to
` 68.40 crore, ` 35.80 crore on account of final
redemption in respect of KSFC 7.45% Bonds 2016
and ` 32.60 crore on account of Put Option
exercised by three investors in respect of KSFC
7.64% Bonds 2018. The outstanding of bonds
decreased to ` 1552.40 crore, which was
` 1620.80 crore as on 31-03-2015.
19
841.10 PÉÆÃn gÀÆ.UÀ¼Æ
À ªÀÄvÀÄÛ ºÉÊgï ¥ÀZÃÉ ð¸ï ªÀÄvÀÄÛ ºÀtPÁ¸ÀÄ
¸ÉÃªÉ ZÀlĪÀnPÉUÀ½AzÀ 1.38 PÉÆÃn gÀÆ. ªÀ¸ÀƯÁwAiÀiÁVvÀÄÛ.
¸ÀºÁAiÀÄzsÀ£À ªÀÄvÀÄÛ C£ÀÄzÁ£ÀUÀ¼ÀÄ:
• MoFPI AiÉÆÃd£ÉAiÀÄrAiÀÄ°è 33.53 ®PÀë gÀÆ.UÀ¼À
C£ÀÄzÁ£ÀªÀ£ÀÄß ¨sÁgÀvÀ ¸ÀPÁðgÀzÀ DºÁgÀ ¸ÀA¸ÀÌgÀuÁ
¸ÀaªÁ®AiÀĪÀÅ ©qÀÄUÀqÉ ªÀiÁrzÉ.
• ¸Á®¸ÀA¥ÀPð À zÀ §AqÀªÁ¼À ¸À©r
ì AiÉÆÃd£ÉAiÀÄrAiÀÄ°è
¨sÁgÀvÀ ¸ÀPÁðgÀzÀ Cw ¸ÀtÚ, ¸ÀtÚ ªÀÄvÀÄÛ ªÀÄzsÀåªÀÄ
GzÀåªÀÄUÀ¼À ¸ÀaªÁ®AiÀÄ 75.34 ®PÀë gÀÆ.UÀ¼À£ÀÄß
©qÀÄUÀqÉ ªÀiÁrzÉ.
ºÀtPÁ¸ÀÄ ¥sÀ°vÁA±ÀUÀ¼ÀÄ:
¥À æ ¸ À Ä Û v À ªÀ µ À ð zÀ ° è ¸À A ¸É Ü AiÀ Ä Ä 311.17 PÉ Æ Ãn gÀ Æ .UÀ ¼ À
MmÁÖgÉ DzÁAiÀĪÀ£ÀÄß UÀ½¹zÀÄÝ, PÀ¼ÉzÀ DyðPÀ ªÀµÀð F
DzÁAiÀĪÀÅ 317.23 PÉÆÃn gÀÆ.UÀ¼ÁVvÀÄÛ. ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ
¤ªÀé¼À ¯Á¨sÀªÀÅ 32.13 PÉÆÃn gÀÆ.UÀ¼ÀµÁÖVzÉ.
ReÁ£É ZÀlĪÀnPÉ:
¥À¸
æ ÄÀ ÛvÀ ªÀµð
À zÀ°è, PÀ£ÁðlPÀ ¸ÀPÁðgÀªÅÀ 75.00 PÉÆÃn gÀÆ.UÀ¼À
FQÖn §AqÀªÁ¼ÀªÀ£ÀÄß MzÀV¹vÀÄ. 31.03.2016gÀ CAvÀåPÉÌ, F
ªÉÆvÀÛªÀÅ (¸ÀAzÁ¬ÄvÀ FQén §AqÀªÁ¼À) 710.01 PÉÆÃn
gÀÆ.UÀ¼ÁVvÀÄÛ ªÀÄvÀÄÛ µÉÃgÀÄ Cfð ºÀt 376.93 PÉÆÃn
gÀÆ.UÀ¼ÁVvÀÄ.Û 31.03.2015gÀ°è ¸ÀAzÁ¬ÄvÀ §AqÀªÁ¼ÀªÅÀ 658.56
PÉÆÃn gÀÆ. ºÁUÀÆ µÉÃgÀÄ Cfð ºÀt 353.39 PÉÆÃn gÀÆ.UÀ¼¶ À v
Ö ÄÀ .Û
¨sÁgÀvÀ ¸ÀPÁðgÀzÀ ºÀtPÁ¸ÀÄ ¸ÀaªÁ®AiÀĪÀÅ ©qÀÄUÀqÉ ªÀiÁrgÀĪÀ
£ÀÆvÀ£À §AqÀªÁ¼À ªÀiÁUÀð¸ÀÆaUÀ¼À£ÀéAiÀÄ ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è
¸ÀA¸ÉÜAiÀÄÄ SÁ¸ÀV ¤AiÉÆÃd£É ¨ÁAqÀÄUÀ¼À£ÀÄß ©qÀÄUÀqÉ
ªÀiÁrgÀĪÀÅ¢®è. ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è ¸ÀA¸ÉÜAiÀÄÄ KSFC 7.45%
Bonds 2016£À 68.40 PÉÆÃn gÀÆ.UÀ¼À ºÁUÀÆ 35.80 PÉÆÃn
gÀÆ.UÀ¼À ªÉÆvÀÛzÀ CAwªÀÄ ¨ÁAqÀÄUÀ¼À£ÀÄß ¥ÁªÀw¹zÉ ºÁUÀÆ
KSFC 7.64% Bonds 2018 gÀ°è ªÀÄÆgÀÄ ºÀÆrPÉzÁgÀgÀÄ
“DAiÉÄÌ ªÀÄAr¸ÀÄ” ¥ÀAæ iÉÆÃV¹zÀ ¥ÀjuÁªÀĪÁV 32.60 PÉÆÃn
gÀÆ.UÀ¼À ªÉÆvÀÛzÀ ¨ÁAqÀÄUÀ¼À£ÀÄß ¥ÁªÀw¹zÉ. ¨ÁQ G½zÀ
¨ÁAqÀÄUÀ¼ÀÄ 1,552.40 PÉÆÃn gÀÆ.UÀ½UÉ E½PÉAiÀiÁVzÀÄÝ, F
ªÉÆvÀÛªÀÅ PÀ¼ÉzÀ ¸Á°£À ªÀiÁZïð CAvÀåPÉÌ 1,620.80 PÉÆÃn
gÀÆ.UÀ¼À¶ÖvÀÄÛ.
The interest cost on bonds increased to
` 141.84 crore during 2015-16 from ` 121.28 crore
for the year 2014-15. The increase is on account of
issue of high cost bonds and redemption of low cost
bonds. The Corporation paid, on cash basis,
` 16.82 crore to the State Government as guarantee
commission during the year compared to
` 13.02 crore for the FY 2014-15.
The total long-term liability of the Corporation
decreased to ` 1558.89 crore by the year end from
` 1675.81 crore as on 31-03-2015. The total interest
and financial expenses increased slightly to
` 160.09 crore for the year 2015-16 from
` 158.63 crore for the year 2014-15.
2014-15 gÀ°è ¨ÁAqïUÀ¼À ªÉÄð£À §rØ 121.28 PÉÆÃn
gÀÆ.UÀ¼ÁVzÀÄÝ 2015-16gÀ°è 141.84 PÉÆÃn gÀÆ.UÀ½UÉ KjvÀÄ.
F ºÉZÀѼÀªÀÅ ¸Á® ¥ÀqÉAiÀÄÄ«PÉAiÀÄ ºÉZÀѼÀ¢AzÁzÀÄzÀÄ. ¥Àæ¸ÀÄÛvÀ
ªÀµÀðzÀ°è ¸ÀA¸ÉÜAiÀÄÄ PÀ£ÁðlPÀ ¸ÀPÁðgÀPÉÌ SÁvÀj PÀ«ÄµÀ¤ß£À
gÀÆ¥ÀzÀ°è 16.82 PÉÆÃn gÀÆ.UÀ¼À£ÀÄß ¥ÁªÀw¹zÀÄÝ, 2014-15£ÉÃ
¸Á°£À°è F ªÉÆvÀÛªÀÅ 13.02 PÉÆÃn gÀÆ.UÀ¼ÁVvÀÄÛ.
¸ÀA¸ÉÜAiÀÄ MlÄÖ ¢ÃWÁðªÀ¢ü ¸Á®ªÀÅ ªÀµÁðAvÀåPÉÌ 1,675.81
PÉÆÃn gÀÆ.UÀ½AzÀ 1,558.89 PÉÆÃn gÀÆ.UÀ½UÉ E½PÉ PÀArvÀÄ.
2014-15£Éà ¸Á°£À MlÄÖ §rØ ªÀÄvÀÄÛ DyðPÀ ªÉZÀÑUÀ¼ÀÄ
158.63 PÉÆÃn gÀÆ.UÀ½zÀÄÝ, 2015-16£Éà ªÀµð
À PÉÌ 160.09 gÀÆ.UÀ½UÉ
ºÉaÑvÀÄ. ¹râAiÀÄ ¸Á® ªÀÄÄPÁÛAiÀĪÁzÀÄzÀjAzÀ ¢ÃWÁðªÀ¢ü
¸Á®, §rØ ªÀÄvÀÄÛ EvÀgÉ DyðPÀ ªÉZU
ÑÀ ¼
À °
À è E½PÉ PÀAqÀħA¢zÉ.

Shareholding Pattern of the Corporation 31.03.2016gÀ CAvÀ å PÉ Ì ¸À A ¸É Ü AiÀ Ä ±É à gÀ Ä §AqÀ ª Á¼À

as on 31-03-2016 ºÀÆrPÉ «ªÀgÀ

Sl. Particulars No. of Paid up Percent PÀ.æ «ªÀgUÀ ¼À ÄÀ ±ÉÃgÀÄUÀ¼À ¥ÁªÀwAiÀiÁzÀ ±ÉÃPÀqÀªÁgÀÄ
No. Shares equity -age ¸ÀA. ¸ÀASÉå §AqÀªÁ¼À ºÀÆrPÉ
(Rs. in holding
lakhs) 1 PÀ£ÁðlPÀ ¸ÀPÁðgÀ
1 Government of Karnataka ¸ÉPÀë£ï 4(3)J ¥ÀæPÁgÀ 66009453 66009.45
«±ÉõÀ §AqÀªÁ¼À ºÀjªÀÅ 94.56%
Under Section 4(3)(a) 66009453 66009.45
¸ÉPÀë£ï 4 J ¥ÀæPÁgÀ 1127500 1127.50
Special Capital issued 94.56%
under section 4A 1127500 1127.50 MlÄÖ 67136953 67136.95
Total 67136953 67136.95 2 ¨sÁgÀwÃAiÀÄ ¸ÀtÚ PÉÊUÁjPÁ
2 Small Industries C©üªÀÈ¢Þ ¨ÁåAPï ¤AzÀ
Development Bank of India ¸ÉPÀë£ï 4(3)(©) ¥ÀæPÁgÀ 3210385 3210.39 5.41%
Under Section 4(3)(b) 3210385 3210.39 5.41% ¸ÉPÀë£ï 4J ¥ÀæPÁgÀ «±ÉõÀ
Special Capital issued §AqÀªÁ¼À ºÀjªÀÅ 627500 627.50
under section 4A 627500 627.50 MlÄÖ 3837885 3837.89
Total 3837885 3837.89 3 ¸ÉPÀë£ï 4(3) (¹) ¥ÀæPÁgÀ
3 Insurance Companies «ªÀiÁ PÀA¥À¤UÀ¼ÀÄ 16100 16.10 0.02%
under Section 4(3) (c) 16100 16.10 0.02% 4 ¸ÉPÀë£ï 4(3) (¹) ¥ÀæPÁgÀ
4 Public Sector Banks ¸ÁªÀðd¤PÀ PÉëÃvÀæzÀ
under Section 4(3)(c) 7900 7.90 0.01% ¨ÁåAPÀÄUÀ¼ÀÄ 7900 7.90 0.01%
5 Co-operative societies 5 ¸ÉPÀë£ï 4(3) (r) ¥ÀæPÁgÀ
and banks ¸ÀºÀPÁj ¸ÀA¸ÉÜUÀ¼ÀÄ ªÀÄvÀÄÛ
under Section 4(3)(d) 1530 1.53 - ¨ÁåAPÀÄUÀ¼ÀÄ 1530 1.53 -
6 Other parties 6 ¸ÉPÀë£ï 4(3)(r) ¥ÀæPÁgÀ
under Section 4(3)(d) 935 0.94 - EvÀgÀ ªÀåQÛUÀ½AzÀ 935 0.94 -
Total 71001303 71001.30 100.00% MlÄÖ 71001303 71001.30 100.00%

20
FINANCIAL SERVICE ACTIVITIES:
KSFC tied up with M/s. United India Insurance
Company Ltd (UIIC), a public sector undertaking for
the purpose of servicing the general insurance
business as Corporate Agent. During the year under
review the Corporation earned a commission of
` 34.64 lakh. An income of ` 12.95 lakh was earned
from e-stamping activity.
The Corporation facilitated its assisted units to open
Foreign Letters of Credit (FLC) to an extent of
` 537.41 lakh and earned an income of ` 2.16 lakh.
The Corporation received dividend income of
` 1.91 lakh on the investments made in equity
shares of various Companies.
INFRASTRUCTURE DEVELOPMENT ACTIVITY :
The project for establishment of an SME Park on
10 acres of Industrial plot at Harohalli Industrial
Area is under process. Steps have been initiated for
the construction of Office-cum-Commercial
building at Shivamogga and an Architect for the
purpose has been appointed. Shivamogga Urban
Development Authority and the CMC have
approved building plan and issued licence for the
construction of office building complex. The
Corporation will commence the construction soon
after appointing contractor under KTPP norms.
INTERNAL AUDIT :
A full-fledged Internal Audit Department at Head
Office with Internal Audit Cells at four circles viz.,
Bengaluru, Mysuru, Hubballi and Kalaburagi are
functioning. In the Internal Audit Cells, all the
sanctioned loans are audited after sanction and
before first disbursement. The final audit is
conducted before last disbursement. The internal
audit cells also conducted quarterly routine audit
as per the audit plan covering all the operational
areas including legal, finance, recovery, accounts
and administrative matter. The internal audit
21
ºÀtPÁ¸ÀÄ ¸ÉêÉUÀ¼À ZÀlĪÀnPÉUÀ¼ÀÄ:
¸ÁªÀiÁ£Àå «ªÀiÁ GvÀ£ à ßÀ UÀ¼À ªÀiÁgÁlPÁÌV AiÀÄÄ£ÉÊmÉqï EArAiÀiÁ
E£ï±ÀÆåg£ À ïì PÀA¥É¤AiÉÆqÀ£É ¸ÀA¸ÉÜAiÀÄÄ M¥ÀA
à zÀ ªÀiÁrPÉÆArzÀÄÝ,
PÁ¥ÉÆðgÉÃmï KeÉAmï DV PÁAiÀÄð¤ªÀð»¸ÀÄwÛzÀÄÝ F
PÀA¥À¤¬ÄAzÀ 2015-16gÀ DyðPÀ ªÀµÀðzÀ°è MmÁÖgÉAiÀiÁV
34.64 ®PÀë gÀÆ.UÀ¼À PÀ«ÄµÀ£ï UÀ½¹vÀÄ. F-¸ÁÖöåA¦AUï
ZÀlĪÀnPɬÄAzÀ ¸ÀA¸ÉÜAiÀÄÄ 12.95 ®PÀë gÀÆ.UÀ¼À DzÁAiÀĪÀ£ÀÄß
UÀ½¹vÀÄ.
¸ÀA¸ÉÜAiÀÄÄ ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è 537.41 ®PÀë gÀÆ.UÀ¼À ªÀiË®åzÀ
¥sÁj£ï ¯Él¸ïð D¥sï PÉærmï (J¥sï J¯ï ¹) vÉgÉAiÀÄ®Ä
C£ÀĪÀÅ ªÀiÁrPÉÆlÄÖ EzÀjAzÀ 2.16 ®PÀë gÀÆ.UÀ¼À DzÁAiÀĪÀ£ÄÀ ß
UÀ½¹vÀÄ. ««zsÀ PÀA¥É¤UÀ¼À FQén ±ÉÃgÀÄUÀ¼À°è ªÀiÁrzÀ
ºÀÆrPÉUÀ¼À ªÉÄÃ¯É 1.91 ®PÀë gÀÆ.UÀ¼À r«qÉAqï DzÁAiÀĪÀ£ÀÄß
¥ÀqɬÄvÀÄ.
ªÀÄÆ®¨sÆ
À vÀ ¸ËPÀAiÀÄð C©üªÈÀ ¢Þ ZÀlĪÀnPÉ:
ºÁgÉÆúÀ½î PÉÊUÁjPÁ ¥ÀæzÉñÀzÀ°è 10 JPÀgÉUÀ¼À PÉÊUÁjPÁ
¤ªÉñÀ£z À °
À è ¸ÀtÚ ªÀÄvÀÄÛ ªÀÄzsåÀ ªÄÀ ¥Àª æ iÀ ÁtzÀ ¥ÁPÀð£ÀÄß ¸Áܦ¸ÀĪÀ
AiÉÆÃd£É ¥ÀæUÀwAiÀÄ°èzÉ. ²ªÀªÉÆUÀÎzÀ°è PÀZÉÃj ºÁUÀÆ ªÁtÂdå
PÀlq
Ö zÀ À ¤ªÀiÁðtPÁÌV PÀª æ ÄÀ vÉUz É ÄÀ PÉƼÀ¯î ÁVzÉ. F GzÉÝñÀPÁÌV
DQðmÉPïÖ M§âgÀ£ÀÄß £ÉëĸÀ¯ÁVzÉ. ²ªÀªÉÆUÀÎ £ÀUÀgÁ©üªÀÈ¢Þ
¥Áæ¢Pü ÁgÀ¢AzÀ C£ÀĪÀÄw zÉÆgÉwzÀÄÝ, ¸ÀzåÀ zÀ¯èÉà KTPP PÁAiÉÄÝ
C£ÀéAiÀÄ UÀÄwÛUÉzÁgÀgÀ£ÀÄß £ÉëĹ ¤ªÀiÁðt PÁAiÀÄðªÀ£ÀÄß
¥ÁægÀA©ü¸À°zÉ.
CAvÀjPÀ ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£É:
¨É A UÀ ¼ À Æ gÀ Ä , ªÉ Ä Ê¸À Æ gÀ Ä , zs Á gÀ ª ÁqÀ ªÀ Ä vÀ Ä Û PÀ ® §ÄgÀ V
¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£Á PÉÆñÀUÀ¼ÉÆA¢UÉ ¥ÀæzsÁ£À PÀZÉÃjAiÀÄ°ègÀĪÀ
¥ÀÆtð¥ÀæªÀiÁtzÀ CAvÀjPÀ ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£Á «¨sÁUÀªÀÅ
PÁAiÉÆÃð£ÀÄäRªÁVzÉ. ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£Á PÉÆñÀUÀ¼À°è J®è
¸Á®UÀ¼À£ÀÆß ªÀÄAdÆgÁwAiÀÄ £ÀAvÀgÀ ªÀÄvÀÄÛ ¥ÀæxÀªÀÄ PÀAw£À
«vÀgu À UÉ É ªÉÆzÀ®Ä ¯ÉPÌÀ ¥Àj±ÉÆâü¸¯ À ÁUÀÄvÀzÛ .É PÉÆ£ÉAiÀÄ «vÀgu À UÉ É
ªÉÆzÀ®Ä CAwªÀÄ ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß ªÀiÁqÀ¯ÁUÀÄvÀÛzÉ.
¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ AiÉÆÃd£ÉAiÀÄAvÉ PÁ£ÀÆ£ÀÄ, ¯ÉPÀÌ ¥ÀvÀæ ªÀÄvÀÄÛ
DqÀ½vÀ, F J®è CA±ÀUÀ¼À£ÀÄß M¼ÀUÉÆAqÀAvÉ ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£Á
PÉÆñÀU¼ À ÄÀ vÉöæ ʪÀiÁ¹PÀ ¯ÉPÌÀ¥j À ±ÉÆÃzs£À A
É iÀÄ£ÀÄß £Àq¸É ÄÀ vÀª
Û .É ¥Àz
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department at Head Office conducted routine audit
of the departments housed in Head Office. Apart
from the above, the department also conducted
special investigations / audit wherever required and
the reports are placed before the audit committee
for its deliberations and decision. The audit
committee met three times during the Financial Year.
ISO CERTIFICATION:
Bureau of Indian Standards (BIS), Chennai,
conducted the Recertification Audit at KSFC Head
Office in May 2016 and recommended for issue of
Renewed Licence No.QSC/L-6000582.5 under the
revised standards IS/ISO 9001:2008 for a period of
further three years valid from 26th May 2016 to
25th May 2019.
COMPUTERISATION AND DIGITISATION:
During the year, apart from supporting the users of
on-line application, software was developed to pass
Interest Subsidy upfront to First Generation
Entrepreneurs and Women Entrepreneurs as per
the Interest Subsidy Scheme introduced by
Government of Karnataka.
DIGITIZATION OF LEGAL DOCUMENTS:
The process of Digitisation of Legal Documents is
being carried out in all Branches of the Corporation.
Board / EC Proceedings, Legal Documents are being
digitised in order to ensure Safety and also to avoid
movement of files containing original documents.
RTI ACT:
The Corporation had 02 applications seeking
information under RTI act at the beginning of the
year 2015-16 and received 228 applications during
the year. Out of total 230 applications,
212 applications were furnished information and
18 were pending as at the year ending 2016. The
latest developments / changes in RTI Act are
updated and implemented from time to time.
22
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æ Ás £À PÀZÃÉ jAiÀÄ
E¯ÁSÉUÀ¼À ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß ªÀiÁqÀÄvÀÛzÉ. EzÀ®èzÉ,
CUÀ v À å ªÁzÁUÀ ¯ É ¯ Áè «¨s Á UÀ ª À Å «±É à µÀ vÀ ¤ SÉ U À ¼ À £ À Ä ß/
¯ÉPÌÀ ¥j
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É iÀÄ£ÀÄß ªÀiÁr, Drmï ¸À«ÄwAiÀÄ ªÀÄÄAzÉ ¸ÀÆPÀÛ
¤zsÁðgÀPÁÌV ªÀÄAr¸À¯ÁUÀÄvÀÛzÉ. ¥Àæ¸ÀÄÛvÀ DyðPÀ ªÀµÀðzÀ°è
¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£Á ¸À«Äw ªÀÄÆgÀÄ ¨Áj ¸À¨sÉ £ÀqɹvÀÄ.
LJ¸ïN ¥ÀæªÀiÁtÂÃPÀgÀt:
¨sÁgÀwÃAiÀÄ ªÀiÁ¥À£Á ¸ÀA¸ÉÜAiÀÄÄ ªÉÄà 2016 gÀ°è ¸ÀA¸ÉÜAiÀÄ
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£À«ÃPÀgÀt ¥ÀgÀªÁ£ÀV ¸ÀASÉå QSL/L-6000582.5 ¥ÀæªÀiÁt
¥ÀvÀæªÀ£ÀÄß ¤ÃrzÉ.
UÀtQÃPÀgÀt ªÀÄvÀÄÛ rfmÉʸÉõÀ£ï:
¥À¸
æ ÄÀ ÛvÀ ªÀµð
À zÀ°è D£ï¯ÉÊ£ï UÁæºPÀ g
À £
À ÄÀ ß ¸ÀAgÀQë¸ÄÀ ªÀÅzÀgÆ
É A¢UÉ
¥ÀævÉåÃPÀ vÀAvÁæA±ÀªÀ£ÀÄß C©üªÀÈ¢ÞUÉƽ¹ ªÉÆzÀ® ¦Ã½UÉ
G¢ÝªÉÄzÁgÀgÀÄ ºÁUÀÆ ªÀÄ»¼Á G¢ÝªÉÄzÁgÀjUÉ ®¨sÀå«gÀĪÀ
¸ÀºÁAiÀÄzsÀ£ÀªÀ£ÀÄß ªÀÄÄAUÀqÀªÁV ¤ÃqÀ¯ÁUÀÄwÛzÉ.
PÁ£ÀƤUÉ ¸ÀA§A¢ü¹zÀ PÁUÀzÀ¥ÀvÀæUÀ¼À rfmÉʸÉõÀ£ï:
¸ÀA¸ÉܬÄAzÀ ¸Á® ¥ÀqÉAiÀÄĪÀ ªÉÃ¼É ¸Á®UÁgÀgÀÄ MzÀV¹zÀ
¨s À z À æ v Á zÁR¯ÁwUÀ ¼ À £ À Ä ß rfmÉ Ê ¸ï ªÀ i ÁqÀ Ä ªÀ ¥À æ Q æ A iÉ Ä
ªÀiÁqÀ¯ÁVzÉ. EzÀjAzÀ PÀqÀvÀUÀ¼À£ÀÄß MAzÀÄ PÀqɬÄAzÀ
E£É Æ ßAzÀ Ä PÀ q É U É MAiÀ Ä ÄåªÀ Å zÀ Ä ªÀ Ä vÀ Ä Û zÁR¯ÁwUÀ ¼ À Ä
PÀ¼ÉzÀĺÉÆÃUÀĪÀ ¸ÀAzÀ¨sÀðUÀ¼ÀÄ vÀ¥ÀÄàvÀÛzÉ.
ªÀiÁ»w ºÀPÀÄÌ PÁ¬ÄzÉ:
2015-16£Éà ¸Á°£À ¥ÁægÀA¨sÀzÀ°è, ªÀiÁ»w ºÀPÀÄÌ PÁ¬ÄzÉAiÀÄr
««zsÀ ªÀiÁ»wUÀ¼À£ÀÄß ¥ÀqÉAiÀÄ®Ä ¸ÀA¸ÉÜAiÀÄÄ 2 CfðUÀ¼À£ÀÄß
¹éÃPÀj¹vÀÄ. ªÀÄÄAzÉ F ªÀµð À zÀ CªÀ¢A ü iÀÄ°è 228 CfðUÀ¼£ À ÄÀ ß
¸ÀA¸ÉÜ ¹éÃPÀj¹vÀÄ. ¹éÃPÀj¸À¯ÁzÀ MlÄÖ 230 CfðUÀ¼À°è 212
CfðUÀ½UÉ ªÀiÁ»wAiÀÄ£ÀÄß MzÀV¸À¯Á¬ÄvÀÄ ªÀÄvÀÄÛ 2016gÀ
PÉÆ£ÉAiÀĪÀgÉUÉ 18 CfðUÀ½UÉ ªÀiÁ»w MzÀV¸ÀĪÀÅzÀÄ ¨ÁQ
G½¬ÄvÀ Ä . ªÀ i Á»w ºÀ P À Ä Ì PÁAiÉ Ä ÝAiÀ Ä rAiÀ Ä °è EwÛ Ã a£À
¨É ¼ À ª À t  U É U À ¼ À Ä / §zÀ ¯ ÁªÀ u É U À ¼ À £ À Ä ß PÁ®PÁ®PÉ Ì
C¼ÀªÀr¹PÉƼÀî¯ÁVzÉ.
CUSTOMERS’ GRIEVANCE CELL :
During the year, steps were initiated to immediately
address the grievance of the customers received
by e-mail and by letters. There is a substantial drop
in number of complaints received by the CGC as
the operations of the Corporation have been fine
tuned to be in line with the transparency act of the
State Government.
PERSONNEL AND ADMINISTRATION :
The manpower strength of the Corporation stood
at 960 at the end of March 2016 as against 1,020 at
the end of the March 2015. Of which, 187 are
Scheduled Caste employees (19.48%) and
44 (4.58%) are Scheduled Tribe employees.
Identifying the training needs of employees and
based on their designated role and individual skill /
capacities, the Corporation provided suitable
training to the employees of the Corporation.
During the year 2015-16, 164 employees (44 Class-A
employees & 120 Class ‘B’ employees) were sent for in-
house and external training to different types of
training programmes.
NPA MANAGEMENT CELL :
In order to strengthen the management of NPA
portfolio, the NPA Management Department was
established in 2011-12 and is operating under RMD.
The NPA Management Cell helps to monitor the
quality of loan portfolio and supports the field level
offices and alerts periodically on slippages for
effective follow up and recovery in order to
maintain quality of portfolio.
Macro level studies are also taken up to appraise
the top management about the quality of portfolio
and sector wise, scheme wise and office wise NPA
information to enable the management to frame
suitable policy guidelines. The Board reviewed the
NPA status on quarterly basis.
23
UÁæºÀPÀgÀ PÀÄAzÀÄ PÉÆgÀvÉ «¨sÁUÀ:
¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ, «ÄAZÀAZÉ ªÀÄvÀÄÛ ¥ÀvÀæUÀ¼À ªÀÄÆ®PÀ UÁæºÀPÀgÀÄ
¸ÀA¸ÉÜUÉ ¸ÀA§A¢ü¹zÀ ««zsÀ «¨sÁUÀU½
À UÉ PÀ¼ÄÀ »¹zÀ zÀÆgÀÄUÀ¼£
À ÄÀ ß
¥ÀjºÀj¸À®Ä Cw ²ÃWÀæ PÀæªÀÄUÀ¼À£ÀÄß PÉÊUÉƼÀî¯ÁVzÉ. gÁdå
¸ÀPÁðgÀzÀ ¥ÁgÀzÀ±ÀðPÀvÉ PÁAiÉÄÝAiÀÄ C£ÀĸÀgÀuÉAiÀÄ°ègÀĪÀAvÉ
¸À A ¸É Ü AiÀ Ä PÁAiÀ i ÁðZÀ g À u É U À ¼ À £ À Ä ß ¸À Ä zs Á gÀ u É ªÀ i ÁrgÀ Ä ªÀ
PÁgÀt¢AzÁV zÀÆgÀÄUÀ¼À ¸ÀASÉåAiÀÄ°è UÀt¤ÃAiÀÄ E½ªÀÄÄR
PÀAqÀħA¢zÉ.
¹§âA¢ ªÀÄvÀÄÛ DqÀ½vÀ:
ªÀiÁZïð, 2015gÀ CAvÀåPÉÌ 1,020 EzÀÝ ¹§âA¢ ¸ÀASÉåAiÀÄÄ
ªÀiÁZïð, 2016gÀ CAvÀåzÀ°è 960 DVzÉ. EzÀgÀ°è 187 d£À
¥Àj²µÀÖ eÁwUÉ (±ÉÃ. 19.48) ªÀÄvÀÄÛ 44 d£À (±ÉÃ. 4.58)
¥Àj²µÀÖ ¥ÀAUÀqÀPÉÌ ¸ÉÃjzÀªÀgÀÄ. ¹§âA¢ ªÀUÀðzÀªÀgÀ vÀgÀ¨ÉÃw
DªÀ±ÀåPÀvÉUÀ¼À£ÀÄß UÀÄgÀÄw¹ ªÀÄvÀÄÛ ¤AiÉÆÃf¹gÀĪÀ PÁAiÀÄðPÉÌ
C£ÀÄUÀÄtªÁV CªÀgÀ PÀ˱À®å/¸ÁªÀÄxÀåðUÀ½UÉ vÀPÀÌAvÉ ¸ÀA¸ÉÜAiÀÄÄ
GzÉÆåÃVUÀ½UÉ vÀgÀ¨ÉÃwAiÀÄ£ÀÄß MzÀV¹vÀÄ. ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è
164 GzÉÆåÃVUÀ¼À£ÀÄß (44 GzÉÆåÃVUÀ¼ÀÄ ªÀUÀð-J ªÀÄvÀÄÛ
120 GzÉÆåÃVUÀ¼ÀÄ ªÀUÀð-©) ««zsÀ jÃwAiÀÄ vÀgÀ¨ÉÃwUÁV
ºÉÆgÀ vÀgÀ¨ÉÃw PÉÃAzÀæUÀ½UÉ PÀ¼ÀÄ»¸À¯Á¬ÄvÀÄ.
C£ÀÄvÁàzÀPÀ D¹Û ¤ªÀðºÀuÁ PÉÆñÀ :
D£ÀÄvÁàzÀPÀ D¹ÛUÀ¼À ¤ªÀðºÀuÉAiÀÄ£ÀÄß §®¥Àr¸ÀĪÀ ¸À®ÄªÁV
J£ï.¦.J ¤ªÀðºÀuÁ «¨sÁUÀªÀ£ÀÄß ¸Áܦ¸À¯ÁVzÉ. J£ï.¦.J
¤ªÀ ð ºÀ u Á «¨s Á UÀ ª À Å D¹Û U À ¼ À ¥É Æ Ãmïð¥s É Æ Ã°AiÉ Æ ÃzÀ
UÀÄtªÀÄlÖª£
À ÄÀ ß ¤ªÀðºÀuÉ ªÀiÁqÀ®Ä ¸ÀºÁAiÀÄ ªÀiÁqÀÄvÀz
Û É ªÀÄvÀÄÛ
PÉÃë vÀæ ªÀÄlÖzÀ C¢üPÁjUÀ½UÉ ¨ÉA§® ¤ÃqÀÄvÀz
Û É C®èz,É PÁ®PÁ®PÉÌ
¥ÀjuÁªÀÄPÁjAiÀiÁzÀ C£ÀĸÀgÀuÉ (follow-up)AiÀÄ ªÀÄÆ®PÀ
¥ÉÆÃmïð¥sÆ
É Ã°AiÉÆÃzÀ UÀÄtªÀÄlÖª£
À ÄÀ ß PÁ¥ÁqÀĪÀ°è JZÀj
Ñ ¸ÀÄvÀz
Û .É
¥ÉÆÃmïð¥sÉÆðAiÉÆÃzÀ UÀÄtªÀÄlÖªÀ£ÀÄß ªÀÄvÀÄÛ «¨sÁUÀªÁgÀÄ,
AiÉÆÃd£ÁªÁgÀÄ ªÀÄvÀÄÛ PÀZÃÉ jªÁgÀÄ C£ÀÄvÁàzPÀ À D¹Û ¤ªÀðºÀuÁ
ªÀiÁ»wAiÀÄ£ÀÄß ¤ÃqÀÄvÁÛ ¸ÀÆPÀÛ ¤Ãw ¤zÉÃð±À£U
À ¼
À £
À ÄÀ ß gÀƦ¸À®Ä
C¢üPÁgÀªU
À ð
À PÉÌ ªÀiÁ»w ¤ÃqÀ®Ä zÉÆqÀª
Ø ÄÀ lÖzÀ CzsåÀ AiÀÄ£ÀU¼
À £
À ÄÀ ß
¸ÀºÁ PÉÊUÉwÛPÉƼÀî¯ÁVzÉ.
RISK MANAGEMENT DEPARTMENT:
As a step towards fine tuning of risk management
systems in the Corporation, a Credit Risk
Management Policy was framed and adopted. The
Risk Management Department was established on
01-04-2012, in order to improve the quality of
in-house credit appraisal and mitigate credit risks,
the Corporation after study of various credit risk
models. These models analyse risks such as
financial risks, business risks, management risk,
legal risks etc., and give clear perception about the
project being financed.
All loan proposals exceeding ` 150.00 lakh are
scrutinised and credit rated by the department.
During 2015-16, the Department rated 79 proposals
involving a loan amount of ` 298.69 crore. All loan
proposals exceeding ` 500 lakh are placed before
the Credit Risk Management Committee (CRMC).
During the year, the Committee met 9 times, where
10 proposals involving ` 101.35 crore were placed,
examined in detail and cleared.
The Department has brought out Lending Policy
2015 after compilation and updation over the
previous year’s policy and circulated to all our
Offices.
CORPORATE SOCIAL RESPONSIBILITY:
The contribution of the Corporation in Karnataka
Information Technology Venture Capital Fund 2
(KITVEN Fund 2) stands at Rs 6.50 crore after the
Fund redeemed Rs 1.00 crore during the year.
KITVEN Fund-2 is a SEBI registered Venture Capital
Fund, undertaking investments in units catering to
Information Technology, Bio technology, Nano
technology and other knowledge based industries
within the State of Karnataka.
24
«¥ÀvÀÄÛ ¸ÀA¨sÀªÀ ¤ªÀðºÀuÁ «¨sÁUÀ:
«¥ÀvÄÀ Û ¸ÀA¨sª
À À ¤ªÀðºÀuÁ ªÀ媸
À ÜÉ AiÀÄ£ÀÄß ¸ÀzÈÀ qs¥
À r
À ¸À®Ä MAzÀÄ
PÉærmï j¸ïÌ ªÀiÁå£ÉÃeïªÉÄAmï ¤ÃwAiÀÄ£ÀÄß gÀa¹ eÁjUÉ
vÀ g À ¯ ÁVzÉ . «¥À v À Ä Û ¸À A ¨s À ª À ¤ªÀ ð ºÀ u Á «¨s Á UÀ ª À £ À Ä ß
01.04.2012gÀ A zÀ Ä ¸Áܦ¸À ¯ Á¬ÄvÀ Ä . ¸Á® ¥À æ ¸ ÁÛ ª À £ É A iÀ Ä
¥ÀgÁªÀıÉðAiÀÄ UÀÄtªÀÄlÖªÀ£ÀÄß C©üªÀÈ¢Þ¥Àr¸ÀĪÀ ¸À®ÄªÁV
ªÀÄvÀÄÛ PÉr
æ mï j¸ïÌU¼
À £
À ÄÀ ß PÀrªÉÄUÉƽ¸ÀĪÀ ¸À®ÄªÁV, ºÀtPÁ¸ÀÄ
¸ÀA¸ÉÜU¼
À ÄÀ /¨ÁåAPÀÄUÀ¼À ««zsÀ PÉr
æ mï j¸ïÌ ªÀiÁqɯïUÀ¼À CzsåÀ AiÀÄ£À
ªÀiÁrzÀ £ÀAvÀgÀ ¸ÀA¸ÉÜAiÀÄÄ PÉr
æ mï j¸ïÌ C£Á°¹¸ï ªÀiÁzÀjUÀ¼£
À ÄÀ ß
¥ÀjZÀ¬Ä¹vÀÄ. F ªÀiÁzÀjUÀ¼ÀÄ DyðPÀ, ªÀåªÀºÁgÀ, DqÀ½vÀ,
PÁ£ÀÆ£ÀÄ ºÁUÀÆ E¤ßvÀgÀ «¥ÀvÄÀ U
Û ¼
À À ¸ÀA¨sª
À À «±ÉÃè µÀuÉ £Àq¸
É ÄÀ vÀz
Û É
ªÀÄvÀÄÛ ºÀtPÁ¹£À £ÉgÀªÀÅ ¤ÃqÀÄwÛgÀĪÀ AiÉÆÃd£ÉAiÀÄ §UÉÎ ¸ÀàµÀÖvÉ
ªÀÄÆr¸ÀÄvÀÛzÉ.
150 ®PÀë gÀÆ.UÀ½UÀÆ ºÉaÑ£À ¸Á®zÀ J¯Áè ¥Àæ¸ÁÛªÀ£ÉUÀ¼À£ÀÄß
«¨sÁUÀªÀÅ ¥Àj²Ã°¸ÀÄvÀÛzÉ ªÀÄvÀÄÛ PÉærmï gÉÃnAUï ªÀiÁqÀÄvÀÛzÉ.
2015-16£Éà ¸Á°£À°è «¨sÁUÀªÀÅ 298.69 PÉÆÃn gÀÆ.UÀ¼À
¸Á®ªÀiË®åªÀ£ÀÄß M¼ÀUÉÆAqÀ 79 ¥Àæ¸ÁÛªÀ£ÉUÀ¼À£ÀÄß ¥Àj²Ã°¹zÉ/
gÉÃnAUï ªÀiÁrzÉ. 500 ®PÀë gÀÆ.UÀ½UÀÆ ºÉaÑ£À ¸Á®zÀ J¯Áè
¥À¸
æ ÁÛª£
À U
É ¼
À £
À ÄÀ ß PÉr
æ mï j¸ïÌ ªÀiÁå£ÃÉ eïªÉÄAmï ¸À«ÄwAiÀÄ ªÀÄÄAzÉ
ªÀÄAr¸À¯ÁUÀÄvÀÛzÉ. ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è ¸À«ÄwAiÀÄÄ 9 ¨Áj ¸À¨sÉ
£À q É ¹ zÀ Ä Ý, 101.35 PÉ Æ Ãn gÀ Æ .UÀ ¼ À £ À Ä ß M¼À U É Æ AqÀ 10
¥Àæ¸ÁÛªÀ£ÉUÀ¼À£ÀÄß ZÀað¹, ªÀÄAdÆgÁw ¤ÃrvÀÄ.
¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è 2015gÀ ¸Á® ¤ÃwAiÀÄ£ÀÄß ºÉÆgÀvÀA¢zÀÄÝ
¸ÀA¸ÉÜAiÀÄ J¯Áè PÀbÉÃjUÀ½UÉ «vÀj¸À¯Á¬ÄvÀÄ.
¸ÁA¹ÜPÀ ¸ÁªÀiÁfPÀ ºÉÆuÉUÁjPÉ:
PÀ£ÁðlPÀ gÁdåzÀ°è ªÀiÁ»w vÀAvÀæeÁÕ£À, eÉÊ«PÀ vÀAvÀæeÁÕ£À,
£Áå£ÉÆà vÀAvÀæeÁÕ£À ªÀÄwÛvÀgÀ eÁÕ£À DzsÁjvÀ G¢ÝªÉÄUÀ¼À°è
vÉÆqÀVgÀĪÀ WÀlPÀUÀ¼À°è ºÀÆrPÉUÀ¼À£ÀÄß PÉÊUÉÆAqÀÄ ¸É©
£ÉÆÃAzÁ¬ÄvÀ ªÉAZÀgï PÁå¦l¯ï ¤¢üAiÀiÁzÀ PÀ£ÁðlPÀ ªÀiÁ»w
ªÉAZÀgï PÁå¦l¯ï ¥sÀAqï-2 (QmïªÉ£ï ¤¢ü-2)PÉÌ ¥Àæ¸ÀÄÛvÀ
¸Á°£À°è 1.00 PÉÆÃn gÀÆ.UÀ¼À£ÀÄß »A¥ÀqÉzÀ £ÀAvÀgÀ ¸ÀA¸ÉÜAiÀÄ
PÉÆqÀÄUÉAiÀÄÄ 6.50 PÉÆÃn gÀÆ.UÀ¼ÁVzÉ.
The Corporation acts as a catalyst in development ¸ÀªÀiÁdzÀ C©üªÀÈ¢ÞUÉ ¸ÀPÁgÁvÀäPÀ PÉÆqÀÄUÉ ¤ÃqÀÄvÁÛ vÀ£Àß
of MSMEs in the state by exhibiting socially, PÁAiÀ i ÁðZÀ g À u É U À ¼ À £ À Ä ß PÉ Ê UÉ Æ ¼À Ä î ª À ° è ¸ÁªÀ i ÁfPÀ ª ÁV,
environmentally and ethically responsible
¥Áj¸ÀjPÀªÁV ªÀÄvÀÄÛ £ÉÊwPÀªÁzÀ dªÁ¨ÁÝjAiÀÄÄvÀ zsÆ
É ÃgÀuAÉ iÀÄ£ÀÄß
behaviour in governance of its operations while
vÉÆÃgÀĪÀ ªÀÄÆ®PÀ ¸ÀA¸ÉÜAiÀÄÄ gÁdåzÀ Cw ¸ÀtÚ, ¸ÀtÚ ªÀÄvÀÄÛ
making positive contribution in the betterment of
the society. An amount of ` 7.86 lakh was ªÀÄzsÀåªÀÄ ¥ÀæªÀiÁtzÀ PÉÊUÁjPÉUÀ¼À C©üªÀÈ¢ÞUÉ ¥ÀæZÉÆÃzÀPÀªÁV
contributed to industrial bodies for the cause of PÁAiÀÄð¤ªÀð»¸ÀÄwÛzÉ. 2015-16gÀ CªÀ¢üAiÀÄ°è ¸ÀA¸ÉÜAiÀÄÄ
Industrial promotion. PÉÊUÁjPÁ©üªÀÈ¢ÞAiÀÄ GzÉÝñÀPÁÌV ««zsÀ PÉÊUÁjPÁ ¸ÀA¸ÉÜUÀ½UÉ
RECOVERY DEPARTMENT: 7.86 ®PÀë gÀÆ.UÀ¼À£ÀÄß PÉÆqÀÄUÉAiÀiÁV ¤ÃqÀ¯ÁVzÉ.
The main objective of the department is to resolve ªÀ¸Æ
À ¯Áw «¨sÁUÀ:
cases either by way of bringing the remaining
secured assets for sale to recover the dues or to ªÀ¸Æ
À ¯ÁUÀzÉ G½zÀ ¸Á® SÁvÉU¼
À À ¨sz
À v
æÀ É D¹ÛU¼
À £
À ÄÀ ß ªÀiÁgÁl
persuade the promoters for honourable exit by ªÀiÁr ¨ÁQAiÀÄ£ÀÄß ªÀ¸Æ
À ° ªÀiÁqÀĪÀ ªÀÄÆ®PÀ CxÀªÁ PÀ£ÁðlPÀ
availing the benefits under One Time Settlement ¸ÀPÁðgÀzÀ ¥ÀjµÀÌøvÀ ¢ÃWÀðPÁ°Ã£À ¸ÀÄ¹Û D¹ÛUÀ¼À wÃgÀĪÀ½
scheme approved by Government of Karnataka i.e.
AiÉÆÃd£ÉAiÀÄrAiÀÄ°è (MCAR) UËgÀªÁ¤évÀgÁV ¤UÀð«Ä¸À®Ä
MCAR scheme and also examine the possibility of
¸Á®UÁgÀgÀ£ÀÄß ªÀÄ£ÀªÉÇ°¸ÀĪÀÅzÀÄ C®èzÉ CºÀð WÀlPÀUÀ½UÉ
extending benefits under DRS/RSR scheme in
DRS/RSR AiÉÆÃd£ÉAiÀÄr ¥ÀæAiÉÆÃd£ÀUÀ¼À£ÀÄß «¸ÀÛj¸ÀĪÀ
respect of eligible units to revive their operations.
During the Financial year the department resolved ¸Ázs À å vÉ U À ¼ À £ À Ä ß CªÀ ¯ É Æ ÃQ¸À Ä ªÀ Å zÀ Ä «¨s Á UÀ z À ªÀ Ä ÄRå
3 cases under MCAR scheme and extended DRS/ GzÉÝñÀªÁVgÀÄvÀÛzÉ. ¥Àæ¸ÀÄÛvÀ ªÀµÀðzÀ°è «¨sÁUÀªÀÅ MCAR
RSR scheme to one unit. AiÉÆÃd£ÉAiÀÄrAiÀÄ°è 3 WÀlPÀU¼
À À ¸Á® ¨ÁQAiÀÄ£ÀÄß §Uɺj
À ¹zÉ.
The department recovered ` 1,623.61 lakh
¥Àæ¸ÀPÀÛ ¸Á°£À°è «¨sÁUÀªÀÅ 1,398.15 ®PÀë gÀÆ.UÀ¼À §rØAiÀÄÆ
including interest of ` 1398.15 lakh which directly
contributed towards the profitability of the ¸ÉÃjzÀAvÉ 1,623.61 ®PÀë gÀÆ.UÀ¼À£ÀÄß ªÀ¸ÀÆ° ªÀiÁrzÀÄÝ F
Corporation since in respect of all these cases 100% J¯Áè ªÉÆPÀzÝÀ ªÄÉ UÀ¼°
À è ±ÉÃ.100gÀµÄÀ Ö ¥Á櫵À£ï ªÀiÁrgÀĪÀÅzÀjAzÀ
provisioning was made. ¸ÀA¸ÉÜAiÀÄ ¯Á¨sÁA±ÀPÉÌ £ÉÃgÀªÁV ¸ÀºÁAiÀĪÁVgÀÄvÀÛzÉ.
BRANCH NETWORK: ±ÁSÁ £ÉmïªÀPïð:
The Corporation has 32 Branch Offices in the State
in all the District Head quarters to meet the financial ¸ÀA¸ÉÜAiÀÄÄ gÁeÁåzÀåAvÀ GzÀå«ÄUÀ½UÉ CªÀgÀ ºÀtPÁ¸ÀÄ
requirements of the entrepreneurs for establishing CUÀvÀåvÉUÀ¼À£ÀÄß ¥ÀÆgÉʸÀĪÀ ¸À®ÄªÁV J¯Áè f¯ÉèUÀ¼À®Æè ±ÁSÁ
/ modernisation / diversification of MSMEs covering PÀZÉÃjUÀ¼À£ÀÄß vÉgÉzÀÄ MlÄÖ 32 ±ÁSÁ PÀZÉÃjUÀ¼À£ÀÄß ºÉÆA¢zÉ.
the entire State.
¯ÉPÀÌ ¥Àj±ÉÆÃzsÀPÀgÀÄ:
AUDITORS :
2015-16£Éà ¸Á°UÉ ªÉÄ. J. Dgï. «±Àé£ÁxÀ£ï CAqï PÉÆÃ,
M/s. A R Viswanathan & Co., Chartered Accountants
was appointed as statutory auditors for the financial ZÁlðqïð CPËAmÉAmïì CªÀg£
À ÄÀ ß ±Á¸À£§
À zÀÞ ¯ÉPÌ¥
À j
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À £
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year 2015-16. £ÉêÀÄPÀ ªÀiÁqÀ¯Á¬ÄvÀÄ.

25
AUDIT BY COMPTROLLER AND AUDITOR GENERAL
OF INDIA :
The financial audit by the Comptroller & Auditor
General of India was completed during August 2015.
ACKNOWLEDGEMENTS:
The Board of KSFC wishes to place on record its
special thanks and gratitude to the Government of
Karnataka for all the support extended for the
settlement of small loans and equity support.
Special thanks are also due to the SIDBI for the
constant help and guidance in every phase of the
working of the Corporation.
The Board places on record its thanks to the
Departments of Government of Karnataka, i.e.,
Department of Finance, Industries & Commerce,
e-governance, Social Welfare Department and
Karnataka State Women Development Corporation
for their continued support and guidance. The
Board expresses its thanks to the Government of
India and the Reserve Bank of India for their timely
guidance.
The Board also thanks the LIC of India, UTI-MF,
HDFC, SHCIL and industrial bodies viz., KASSIA,
AWAKE, LUB, BCIC, PIA, BIA, FKCCI etc. The Board
expresses its thanks to the Commercial Banks, Apex
Bank, Co-operative Banks, KSSIDC, KIADB and KPTCL
for their co-operation.
The Board places on record its appreciation of the
leadership, guidance, support and valuable
contributions to KSFC by Sri D V Prasad, IAS, during
his tenure as the CMD of the Corporation. The
Board also places on record the contributions of
Sri Kapil Mohan, IAS , during his tenure as the
Managing Director of the Corporation .The Board
also places on record, the contributions made by
outgoing Directors Sri Namgial & Sri K Sathianandan
during their tenure as directors.
26
PÀA¥ÉÆçÖ Ã®gï ªÀÄvÀÄÛ Drlgï d£Àg¯
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É iÀÄ£ÀÄß PÀA¥ÉÆÖçîgï ªÀÄvÀÄÛ Drlgï
d£Àg¯
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PÀÈvÀdÕvÉAiÀÄ£ÀÄß ¸À°è¸ÀÄvÀÛzÉ.
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C¥ÉPïì ¨ÁåAPï, ¸ÀºPÀ Áj ¨ÁåAPïUÀ¼ÄÀ , PÉJ¸ïJ¸ïLr¹, PÉLJr©
ªÀÄvÀÄÛ Pɦn¹J¯ï ¸ÀA¸ÉÜUÀ½UÉ CªÀgÀ ¸ÀºÀPÁgÀPÁÌV ¤zÉÃð±ÀPÀgÀ
ªÀÄAqÀ½AiÀÄÄ PÀÈvÀdÕvÉAiÀÄ£ÀÄß ¸À°è¸ÀÄvÀÛzÉ.
²æà r.«.¥Àæ¸Ázï, ¨sÁ.D.¸ÉÃ., EªÀgÀÄ ¸ÀA¸ÉÜAiÀÄ CzsÀåPÀëgÀÄ ªÀÄvÀÄÛ
ªÀåªÀ¸ÁÜ¥ÀPÀ ¤zÉðñÀPÀgÁV ¸ÉÃªÉ ¸À°è¹zÀ CªÀ¢üAiÀÄ°è EªÀgÀ
£ÁAiÀÄPÀvÀé, ªÀiÁUÀðzÀ±Àð£À, ¨ÉA§® ªÀÄvÀÄÛ CvÀåªÀÄÆ®å
PÉÆqÀÄUÉUÀ½UÁV ¤zÉÃð±ÀPÀgÀ ªÀÄAqÀ½AiÀÄÄ PÀÈvÀdÕvÉAiÀÄ£ÀÄß
¸À°è¸ÄÀ vÀÛz.É ²æà PÀ¦¯ï ªÉÆúÀ£ï, ¨sÁ.D.¸ÉÃ. gÀªg À ÄÀ ªÀåªÀ¸ÁÜ¥PÀ À
¤zÉÃð±ÀPÀgÁVzÀÝ CªÀ¢üAiÀÄ°è CªÀgÀÄ ¸À°è¹zÀ ¸ÉêÉUÁV
¤zÉ Ã ð±À P À g À ªÀ Ä AqÀ ½ AiÀ Ä Ä PÀ È vÀ d Õ v É A iÀ Ä £À Ä ß ¸À ° è ¸ À Ä vÀ Û z É .
¤zÉÃð±ÀPÀgÀÄUÀ¼ÁVzÀÄÝ vÀªÀÄä ¸ÁÜ£ÀUÀ½AzÀ ¤UÀð«Ä¸ÀÄwÛgÀĪÀ
²æà £ÁªÀiïVAiÀiÁ¯ï ªÀÄvÀÄÛ ²æà PÉ. ¸ÀwAiÀiÁ£ÀAzÀ£ï CªÀgÀÄUÀ¼ÀÄ
¸À°è¹zÀ ¸ÉêÉUÁV ¤zÉÃð±ÀPÀgÀ ªÀÄAqÀ½AiÀÄÄ PÀÈvÀdÕvÉAiÀÄ£ÀÄß
¸À°è¸ÀÄvÀÛzÉ.
The Board takes this opportunity to thank the ¸ÀA¸ÉܬÄAzÀ £ÉgªÀ ÅÀ ¥Àq¢
É gÀĪÀ J¯Áè G¢ÝªÄÉ zÁgÀgÄÀ , ¸ÀA¸ÉÜAiÀÄ
entrepreneurs for reposing faith in the Corporation, µÉÃgÀÄzÁgÀgÀÄ ¤ÃrzÀ ¤gÀAvÀgÀ ¸ÀºÁAiÀÄ ºÁUÀÆ ¸ÀA¸ÉÜAiÀÄ
profuse gratitude to the shareholders for their ¨ÁAqïUÀ¼° À è ºÀt vÉÆqÀV¹gÀĪÀ ºÀÆrPÉzÁgÀjUÀÆ ¤zÉÃð±ÀPg À À
unstinted support and the investors in the bond ªÀÄAqÀ½AiÀÄÄ PÀÈvÀdÕvÉAiÀÄ£ÀÄß ¸À°è¸ÀÄvÀÛzÉ.
issues of the Corporation.
PÉÆ£ÉAiÀÄzÁV, ¸ÀA¸ÉÜAiÀÄ J¯Áè C¢üPÁjUÀ¼À ºÁUÀÆ ¹§âA¢
Finally, the Board acknowledges the dedicated ªÀUð
À zÀªg À À ¥Àj±Àª
æ ÄÀ PÁÌV ¤zÉÃð±ÀPg
À À ªÀÄAqÀ½AiÀÄÄ ºÀÈvÀÆàªð
À PÀ
services and efforts of the Officers and Officials of ªÉÄZÀÄÑUÉAiÀÄ£ÀÄß ªÀåPÀÛ¥Àr¸ÀÄvÀÛzÉ.
the Corporation.

ªÀÄAqÀ½AiÀÄ DzÉñÁ£ÀĸÁgÀ
By order of the Board
¸À»/-
Sd/- ªÀåªÀ¸ÁÜ¥ÀPÀ ¤zÉÃð±ÀPÀgÀÄ
MANAGING DIRECTOR

27
 INDEPENDENT AUDITOR’S REPORT
To,
The Share Holders,
Karnataka State Financial Corporation,
Bengaluru.
1. Report on the Financial Statements
We have audited the accompanying financial
statements of Karnataka State Financial
Corporation, Bangalore (“the Corporation”), which
comprise of the Balance Sheet as at March 31, 2016,
Profit and Loss Account and Cash Flow Statement
for the year then ended, and a summary of the
significant accounting policies and other
explanatory information.
2. Management’s Responsibility for the
Financial Statements
Corporation’s Management is responsible for the
preparation of the financial statements that give a
true and fair view of the financial position, financial
performance and cash flows of the Corporation in
accordance with the Schedule I, II of General
Regulations and SIDBI directives and give the
information as required to be given in terms of the
provisions of Corporation’s General Regulations.
This responsibility includes the design,
implementation and maintenance of internal
control relevant to the preparation and
presentation of the financial statements that give
a true and fair view and are free from material
misstatement, whether due to fraud or error.
3. Auditor’s Responsibility
Our responsibility is to express an opinion on these
financial statements based on our audit. We
conducted our audit in accordance with the
Standards on Auditing as issued by the Institute of
Chartered Accountants of India. Those standards
require that we comply with ethical requirements
and plan and perform the audit to obtain
reasonable assurance about whether the financial
statements are free from material misstatements.
28
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À À ªÀg¢
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±ÉÃgÀÄzÁgÀjUÉ,
PÀ£ÁðlPÀ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜ
¨ÉAUÀ¼ÀÆgÀÄ.
1. ºÀtPÁ¸ÀÄ vÀBSÉÛUÀ¼À ªÉÄð£À ªÀgÀ¢
ªÀiÁZïð 31, 2016gÀAvÉ D¹Û ºÉÆuÉ vÀBSÉÛ, ¯Á¨sÀ-£ÀµÀÖzÀ
SÁvÉ ªÀÄvÀÄÛ £ÀUÀzÀÄ ºÀj«£À ¥ÀnÖAiÀÄ£ÀÄß ºÁUÀÆ ¥ÀæªÀÄÄRªÁzÀ
¯ÉPÀÌ¥ÀvÀæ ¤Ãw¥ÀvÀæUÀ¼ÀÄ ªÀÄvÀÄÛ EvÀgÀ «ªÀgÀuÁ ¸ÁgÁA±ÀªÀ£ÀÄß
M¼ÀUÉÆAqÀAvÉ PÀ£ÁðlPÀ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜ, ¨ÉAUÀ¼ÀÆgÀÄ
(“¸ÀA¸ÉÜ”) EªÀgÀ ¯ÉPÀÌ¥ÀvÀæUÀ¼À£ÀÄß £ÁªÀÅ ¥Àj±ÉÆâü¹gÀÄvÉÛêÉ.
2. ºÀtPÁ¸ÀÄ vÀBSÉÛUÀ¼À §UÉÎ DqÀ½vÀ ªÀUÀðzÀ dªÁ¨ÁÝj
¸ÁªÀiÁ£Àå ¤§AzsÀ£ÉUÀ¼À ±ÉqÀÆå¯ï-I ªÀÄvÀÄÛ ±ÉqÀÆå¯ï-II ºÁUÀÆ
¹râ (SIDBI) ¤zÉÃð±À£ÀUÀ¼À C£ÀĸÀgÀuÉAiÀÄ°è ¤UÀªÀÄzÀ DyðPÀ
¹Üw, DyðPÀ C©üªÀÈ¢Þ ªÀÄvÀÄÛ £ÀUÀzÀÄ ºÀjªÀÅUÀ¼À ¸ÀvÀå ªÀÄvÀÄÛ
£ÁåAiÀÄAiÀÄÄvÀ avÀætªÀ£ÉÆßzÀV¸ÀĪÀ ºÀtPÁ¸ÀÄ «ªÀgÀuÉUÀ¼À£ÀÄß
vÀAiÀiÁj¸ÀĪÀÅzÀÄ ºÁUÀÆ ¤UÀªÀÄzÀ ¸ÁªÀiÁ£Àå ¤§AzsÀ£ÉUÀ¼À
¥Á櫵À£ïUÀ¼À C£ÀĸÁgÀ CUÀvåÀ PÌÉ vÀPÌÀAvÉ ªÀiÁ»wAiÀÄ£ÀÄß ¤ÃqÀĪÀÅzÀÄ
¤UÀªÀÄzÀ DqÀ½vÀ ªÀÄAqÀ½AiÀÄ dªÁ¨ÁÝjAiÀiÁUÀÄvÀÛzÉ. F
dªÁ¨ÁÝjAiÀÄÄ, ¸ÀvÀå ªÀÄvÀÄÛ £ÁåAiÀÄAiÀÄÄvÀ avÀætªÀ£ÀÄß ¤ÃqÀĪÀ
ªÀÄvÀÄÛ ªÀAZÀ£É CxÀªÁ zÉÆõÀzÀ PÁgÀt¢AzÁUÀĪÀ UÀÄgÀÄvÀgª À ÁzÀ
vÀ¥ÀÄà «ªÀgÀuɬÄAzÀ ªÀÄÄPÀÛªÁVgÀĪÀ ºÀtPÁ¸ÀÄ «ªÀgÀuÉUÀ¼À£ÀÄß
vÀAiÀiÁj¸À®Ä ªÀÄvÀÄÛ ¥Àæ¸ÀÄÛvÀ¥Àr¸À®Ä ¸ÀÆPÀÛªÁzÀ DAvÀjPÀ
¤AiÀÄAvÀt æ zÀ «£Áå¸À, eÁjUÉƽ¸ÀÄ«PÉ ªÀÄvÀÄÛ ¤ªÀðºÀuÉAiÀÄ£ÀÄß
M¼ÀUÉÆArgÀĪÀÅzÀÄ.
3. ¯ÉPÀÌ¥Àj±ÉÆÃzsÀPÀgÀ dªÁ¨ÁÝj
£ÀªÀÄä ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ DzsÁgÀzÀ ªÉÄÃ¯É ¸ÀA¸ÉÜAiÀÄ ºÀtPÁ¸ÀÄ
«ªÀ g À u É U À ¼ À ªÉ Ä Ã¯É C©ü ¥ Áæ A iÀ Ä ¸À Æ a¸À Ä ªÀ Å zÀ Ä £À ª À Ä ä
dªÁ¨ÁÝjAiÀiÁVgÀÄvÀÛzÉ. E£ï¹ÖlÆåmï D¥sï ZÁlðqïð
CPËAmÉAmïì D¥sï EArAiÀiÁ EªÀgÀÄ ¯ÉPÀÌ ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ
PÀÄjvÀÄ ¸ÀÆa¹gÀĪÀ ªÀiÁ£ÀzÀAqÀUÀ¼À C£ÀĸÀgÀuÉAiÀÄ°è £ÁªÀÅ
¸ÀA¸ÉÜAiÀÄ ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß £ÀqɹzÉÝêÉ. £ÁªÀÅ ¤ÃwAiÀÄÄvÀ
CUÀvåÀ vÉU¼ À £À ÄÀ ß ¥ÀjUÀt¹
 , ¯ÉPÌÀ ¥v À U
æÀ ¼
À ÄÀ AiÀiÁªÀÅzÉà UÀÄgÀÄvÀgª
À ÁzÀ
vÀ ¥ À Ä à ºÉ Ã ½PÉ U À ½ AzÀ ªÀ Ä ÄPÀ Û ª ÁVªÉ A iÉ Ä Ã JA§ ¸À P ÁgÀ t
¨sÀgÀªÀ¸ÉAiÀÄ£ÀÄß UÀ½¸À®Ä ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄ£ÀÄß AiÉÆÃf¹
PÉÊUÉƼÀÄîªÀÅzÀPÉÌ F ªÀiÁ£ÀzÀAqÀUÀ¼ÀÄ CUÀvÀåªÁVgÀĪÀÅzÀÄ.
An audit involves performing procedures to obtain
audit evidence about the amounts and disclosures
in the financial statements. The procedures selected
depend on the auditor’s judgement, including the
assessment of risk of material misstatement of the
financial statements, whether due to fraud or error.
In making those risk assessments, the auditor
considers internal control relevant to the
Corporation’s preparation and fair presentation of
the financial statements in order to design audit
procedures that are appropriate in the
circumstances.
An audit also includes evaluating the
appropriateness of accounting policies used and the
reasonableness of the accounting estimates made
by the management, as well as evaluating the
overall presentation of the financial statements.
We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a
basis for our audit opinion.
4. Opinion
We invite your attention to:
I. Note No.8 of Schedule (O) – regarding increase
in the paid up share capital. Further, the paid
up share Capital plus the share application
money ` 1086.94 crore, is beyond the
authorized share capital of the Corporation
` 1000 crore.
II. Note No.1 of Schedule (O) – regarding
provision for NPA ` 10,704.33 lakh which
includes additional provisions of ` 1215.37 lakh
made on Doubtful debts-II beyond the IRAC
norms.
III. Note No.2 of Schedule (O) – regarding
exhibition in the accounts of KSFC of resultant
benefits materialized in the financial
restructuring plan settled with SIDBI -
` 24293.85 lakh is taken in capital reserve.
29
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À °
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¥ÀqA É iÀÄ®Ä PÉÊUÉƼÀÄîªÀ PÁAiÀÄð«zsÁ£ÀU¼ À £À ÄÀ ß M¼ÀUÆ É ArgÀÄvÀÛz.É
ªÀAZÀ£É CxÀªÁ zÉÆõÀU¼ À À PÁgÀt¢AzÁV DyðPÀ «ªÀgu À U
É ¼À °À è
DUÀ Ä ªÀ UÀ Ä gÀ Ä vÀ g À ª ÁzÀ vÀ ¥ À Ä à ºÉ Ã ½PÉ A iÀ Ä C¥ÁAiÀ Ä zÀ
ªÀiË®åªiÀ Á¥À£ª À £
À ÄÀ ß M¼ÀUÆÉ AqÀAvÉ ¯ÉPÌÀ¥j À ±ÉÆÃzsPÀ g À À ¤tðAiÀÄzÀ
DzsÁgÀzÀ ªÉÄÃ¯É PÁAiÀÄð«zsÁ£ÀUÀ¼À£ÀÄß DAiÉÄÌ ªÀiÁqÀ¯ÁUÀÄvÀÛzÉ.
F C¥ÁAiÀÄzÀ ªÀiË®åªÀiÁ¥À£U À ¼
À £ À ÄÀ ß ªÀiÁqÀĪÁUÀ, ¥Àj¹ÜwUÀ½UÉ
¸À Æ PÀ Û ª ÁzÀ ¯É P À Ì ¥À j ±É Æ Ãzs À £ Á PÁAiÀ Ä ð«zs Á £À U À ¼ À £ À Ä ß
«£Áå¸ÀUÉƽ¸À®Ä ¸ÀA¸ÉÜAiÀÄ ºÀtPÁ¸ÀÄ «ªÀgÀuÉUÀ¼À vÀAiÀiÁjPÉ
ªÀÄvÀÄÛ CªÀÅUÀ¼À £ÁåAiÀÄAiÀÄÄvÀ ¥Àæ¸ÀÄÛvÀ¥Àr¸ÀÄ«PÉUÉ DAvÀjPÀ
¤AiÀÄAvÀæt ¸ÀÆPÀÛªÁVgÀĪÀÅzÉAzÀÄ ¥ÀjUÀt¸ÀÄvÀÛzÉ.
¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£ÉAiÀÄÄ §¼ÀPÉAiÀÄ°ègÀĪÀ CPËAnAUï ¤ÃwUÀ¼À
¸ÀÆPÀvÛ A
É iÀÄ ªÀiË®åªiÀ Á¥À£À ªÀÄvÀÄÛ DqÀ½vÀ ªÀÄAqÀ½AiÀÄÄ ªÀiÁrgÀĪÀ
CPËAnAUï CAzÁdÄUÀ¼ÀÄ «ªÉÃPÀAiÀÄÄvÀ ªÀiÁvÀæªÀ®èzÉ, DyðPÀ
«ªÀgÀuÉUÀ¼À MmÁÖgÉ ªÀÄAr¸ÀÄ«PÉAiÀÄ ªÀiË®åªÀiÁ¥À£ÀªÀ£ÀÆß ¸ÀºÀ
M¼ÀUÉÆArgÀÄvÀÛzÉ.
£ÀªÀÄä ¯ÉPÀÌ¥Àj±ÉÆÃzsÀ£Á C©ü¥ÁæAiÀÄPÉÌ DzsÁgÀªÁV £ÁªÀÅ
¥Àqz
É ÄÀ PÉÆArgÀĪÀ ¸ÁPÁëöåzÁs gÀU¼
À ÄÀ ¸ÀÆPÀª
Û ÁVgÀĪÀÅzÉAzÀÄ £ÁªÀÅ
£ÀA©gÀÄvÉÛêÉ.
4. C©ü¥ÁæAiÀÄ
F PɼÀPÀAqÀ CA±ÀUÀ¼À §UÉÎ ¤ªÀÄä UÀªÀÄ£ÀªÀ£ÀÄß ¸É¼ÉAiÀįÁVzÉ:
1. n¥Àt
à  ¸ÀASÉå - 8, µÉqÆÀ å¯ï ‘N’ - ±ÉÃgÀÄ §AqÀªÁ¼Àz° À £
è À
ºÉZÀѼÀ PÀÄjvÀÄ. ºÁUÉAiÉÄÃ, ±ÉÃgÀÄ §AqÀªÁ¼À ªÀÄvÀÄÛ ±ÉÃgÀÄ
Cfð ºÀt 1086.94 PÉÆÃn gÀÆ.UÀ¼ÁVzÀÄÝ, ¸ÀA¸ÉÜAiÀÄ
C¢üPÀÈvÀ ±ÉÃgÀÄ §AqÀªÁ¼ÀªÁzÀ 1000 PÉÆÃn gÀÆ.UÀ¼À£ÀÄß
«ÄÃjzÉ.
2. n¥Àtà  ¸ÀASÉå - 1, µÉqÆ À å¯ï ‘N’ - E°è £ÀªÄÀ Æ¢¹gÀĪÀAvÉ
C£ÀÄvÁàzPÀ À D¹ÛU½ À UÉ ªÀiÁrgÀĪÀ 10,704.33 ®PÀë gÀÆ.UÀ¼À
¥Áæ « µÀ £ ï£À ° è ¸À A zÉ Ã ºÁ¸À à z À - II D¹Û U À ½ UÀ Æ ¸É à j
1,215.37 ®PÀë gÀÆ.UÀ¼À ºÉaÑ£À ¥Á櫵À£ï ¸ÉÃjPÉÆArzÀÄÝ,
EzÀÄ IRACAiÀÄ ¸ÀA¥ÀæzÁAiÀĪÀ£ÀÄß «ÄÃjzÉ.
3. n¥À à t  ¸À A SÉ å - 2, µÉ q À Æ å¯ï ‘N’ - E°è
£ÀªÀÄÆ¢¹gÀĪÀAvÉ SIDBI(¹râ)AiÉÆA¢UÉ ªÀiÁqÀ¯ÁzÀ
DyðPÀ ¥ÀÄ£ÀgÀæZÀ£ÉAiÀÄ AiÉÆÃd£É¬ÄAzÁzÀ ¥ÀjuÁªÀÄPÀ
¯Á¨sÀzÀ ªÉÆvÀÛ 24,293.85 ®PÀë gÀÆ.UÀ¼À£ÀÄß ¸ÀA¸ÉÜAiÀÄ
«ÄøÀ®Ä §AqÀªÁ¼ÀzÀ°è vÉUÉzÀÄPÉƼÀî¯ÁVzÉAiÉÄAzÀÄ
dªÀiÁRað£À ¥ÀnÖAiÀÄ°è vÉÆÃj¸À¯ÁVzÉ.
IV. Note 1(b) Schedule (O) regarding write off of 4.
bad debts and prudential write off in the
accounts. The consequential write back of
provision no more required resulting in income
of ` 254.45 lakh credited in profit and loss
account
V. Note No.7(b) Regarding the contingent liablity
on Bank Guarantee Liability in respect of
5.
M/s.B.L.Industries (India) Limited, the matter
is pending before DRAT Kolkata for admission
of special leave petition to hear the substantive
issues advanced for KSFC. Earlier, the grounds
stated in the petition filed by the Corporation
before DRT Hyderabad, had been dismissed,
adverse to the Corporation. Thus, its
necessitated an appeal to DRAT Kolkata.
n¥À à t  ¸À A SÉ å - 1(©), µÉ q À Æ å¯ï ‘N’ - E°è
£ÀªÄÀ Æ¢¹gÀĪÀAvÉ dªÀiÁRað£À ¥ÀnÖAiÀÄ°è ªÀ¸Æ À ¯ÁUÀzÀ
¸Á®ªÀ£ÀÄß gÉÊmï D¥sï ªÀiÁqÀĪÀ ºÁUÀÆ ¥ÀÄæqɤëAiÀįï
gÉÊmï D¥sï ªÀiÁqÀĪÀ PÀÄjvÀÄ. ¸ÁAzÀ©üðPÀ gÉÊmï D¥sï
C£ÀÄß ¥Á櫵À£ï ªÀiÁqÀĪÀ CªÀ±ÀåPÀvÉ E®è¢gÀĪÀÅzÀjAzÀ
254.45 ®PÀë gÀÆ.UÀ¼À£ÀÄß ¯Á¨sÀ ªÀÄvÀÄÛ £ÀµÀÖzÀ vÀ:SÉÛAiÀÄ°è
£ÉÃgÀªÁV DzÁAiÀÄ JAzÀÄ vÉUÉzÀÄPÉƼÀî¯ÁVzÉ.
n¥Ààt ¸ÀASÉå - 7(©) £À°è £ÀªÀÄÆ¢¹gÀĪÀAvÉ -
ªÉ Ä || ©.J¯ï.EAqÀ ¹ Ö ç à ¸ï (EArAiÀ i Á) °«ÄmÉ q ï,
«µÀAiÀÄzÀ°è ¨ÁåAPï UÁågÀAn ºÉÆuÉUÁjPÉAiÀÄ C¤²ÑvÀ
¸Á®zÀ §UÉV£À ¥ÀæPÀgÀtªÀÅ PÉÆîÌvÁÛzÀ DRATAiÀÄ°è ¨ÁQ
G½¢zÉ. F »AzÉ, ºÉÊzÀgÁ¨Á¢£À DRT AiÀÄ°è ¸ÀA¸ÉÜUÉ
¸ÀA§A¢ü¹zÀ F «µÀAiÀÄzÀ ¥ÀæPÀgÀtªÀ£ÀÄß ¸ÀA¸ÉÜAiÀÄ
«gÀÄzÀÞªÁV ªÀeÁUÉƽ¸À¯ÁVvÀÄÛ. D PÁgÀt¢AzÁV,
PÉÆîÌvÁÛzÀ DRATAiÀÄ°è ªÉÄî䣫À ¸À°Pè É C¤ªÁgÀåªÁ¬ÄvÀÄ.

VI. Note No.9 read along with Note No.1 (c) of
Schedule (O) – regarding investment made in
equity share capital in State ‘PSE’s at the
instances and deemed on behalf of the State
Government, no provision is made in the
accounts for permanent diminution, if any in
the value of investments. The PSEs have issued
share certificates to the title of KSFC.
VII. Note No.13 of Schedule (O) – regarding
collection of contingency deposits of
` 128.96 lakh from the lessees towards
anticipated claims from the commercial tax
department, of which ` 84.45 lakh was paid to
the department and appeals were filed for
number of assessment years. Since the appeals
made for the assessment year 1995-96 and
1996-97 had been decided in favour of the
Corporation, pending resolution of other
appeals, payments made for other assessment
years have been carried forwards as sales tax
paid under protest.
6. n¥ÀàtÂ-9 ªÀÄvÀÄÛ n¥ÀàtÂ-1 (¹) µÉqÆ À å¯ï ‘N’ eÉÆvÉAiÀÄ°è
N¢zÁUÀ - gÁdå ¸ÀPÁðgÀzÀ ¥ÀgÀªÁV ¥ÀjUÀt¸À¯ÁzÀ
ªÀÄvÀÄÛ ¸ÀPÁðgÀzª
À w
À ¬ÄAzÀ gÁdåzÀ “¸ÁªÀðd¤PÀ ªÀ®AiÀÄzÀ
GzÀåªÀÄUÀ¼À°è” FQén µÉÃgÀÄ §AqÀªÁ¼À ºÀÆrPÉAiÀÄÄ
¹Ügª
À ÁV E½PÉAiÀiÁVzÉÝãÁzÀgÆ À EzÀÝgÉ F PÀÄjvÀÄ dªÀiÁ
Rað£À ¥ÀnÖAiÀÄ°è AiÀiÁªÀÅzÉà £ÀªÀÄÆzÀÄ EgÀĪÀÅ¢®è.
“¸ÁªÀðd¤PÀ ªÀ®AiÀÄzÀ GzÀåªÀÄUÀ¼ÀÄ” ¸ÀA¸ÉÜAiÀÄ ºÉ¸ÀjUÉ
±ÉÃgÀÄ ¥ÀæªÀiÁt ¥ÀvÀæUÀ¼À£ÀÄß ¤ÃrªÉ.
7. n¥Àtà  ¸ÀASÉå - 13, µÉqÆ À å¯ï ‘N’ £À°è £ÀªÄÀ Æ¢¹gÀĪÀAvÉ
- ªÁtÂdå vÉjUÉ E¯ÁSÉUÉ ¥ÁªÀw¸À¨ÉÃPÁUÀ§ºÀÄzÉA§
GzÉÝñÀ¢AzÀ °Ã¹AUï £ÉgÀªÀÅ ¥ÀqÉzÀ G¢ÝªÉÄzÁgÀjAzÀ
¥ÁªÀw¹PÉÆAqÀ 128.96 ®PÀë gÀÆ.UÀ¼À ¥ÉÊQ 84.45 ®PÀë gÀÆ.UÀ¼£ À ÄÀ ß
ªÁtÂdå vÉjUÉ E¯ÁSÉUÉ ¥ÁªÀw¸À¯ÁVzÀÄÝ, ºÀ®ªÁgÀÄ
ªÀ µ À ð UÀ ½ AzÀ ¸À A ¸É Ü AiÀ Ä Ä ªÉ Ä Ã®ä « AiÀ Ä £À Ä ß ¸À ° è ¹ zÉ .
ªÀiË®åªÀiÁ¥À£À ªÀµÀðUÀ¼ÀÄ 1995-96 ºÁUÀÆ 1996-97
gÀ ° è £ À ªÉ Ä Ã®ä«UÀ ¼ À wÃ¥À Ä ð ¸À A ¸É Ü AiÀ Ä ¥À g À ª ÁV
§A¢gÀĪÀÅzÀjAzÀ, F ªÀµÀðUÀ¼À°è ¥ÁªÀw¹zÀ ªÀiÁgÁl
vÉjUÉAiÀÄ£ÀÄß “¥Àæw¨sÀl£ÉAiÀÄ »£É߯ÉAiÀÄ°è ¥ÁªÀw¹zÀ
ªÀiÁgÁl vÉjUÉ” (¸Éïïì mÁåPïì ¥ÉÃAiÀiïØ CAqÀgï ¥ÉÆm æ ¸ É ïÖ)
JA§ÄzÁV ªÀÄÄA¢£À ªÀµÀðUÀ½UÉ MAiÀÄå¯ÁVzÉ.

30
VIII. Note No.21 of Schedule (O) – regarding a sum
of ` 41.35 lakh paid to official liquidator in
pursuant of court order in case of M/s. Pavan
Alloys Pvt Ltd., as the said sum was realization
on disposal of secured properties pertaining
to the loan account. The amount is continued
to be shown as recoverable pending decision
in suit before the Court of law.
IX. Note No.22 of Schedule (O) – regarding sum
of ` 491.92 lakh kept in fixed deposit in
schedule bank, on behalf of a litigant at the
instance of the Honourable High Court.
X. Note NO.19 of Schedule (O) – regarding setting
of amount held in interest suspense account
of ` 159.04 lakh consequent on prudential
write off made in financial year 2014-15.
Our observations above I to X on account of issues
set out in the notes concerned, are either subjective
or depend on future developments/ resolutions,
the financial impact in the current year’s net profits
and on the assets & liabilities of the Corporation is
not ascertainable excepting as in the case of loan
provisioning mentioned in Para II.
Subject to above as per Para I to X, in our opinion
and to the best of our information and according
to the explanations given to us, the said financial
statements read together with significant
accounting policies and other explanatory
information give the information required by the
Corporation’s General Regulations in the manner
so required and give a true and fair view in
conformity with the accounting principles generally
accepted in India:
a. In case of the Balance Sheet, of the state of
affairs of the company as at 31st March, 2016;
31
8. n¥Àt
à  ¸ÀASÉå - 21, µÉqÆ
À å¯ï ‘N’ £À°è £ÀªÄÀ Æ¢¹gÀĪÀAvÉ
– ªÉ Ä || ¥À ª À £ ï C¯ÁAiÀ i ïì ¥É æ ö Ê.°. ¥À æ P À g À t zÀ ° è
41.35 ®PÀë gÀÆ.UÀ¼À£ÀÄß £ÁåAiÀiÁ®AiÀÄzÀ DzÉñÀzÀ ªÉÄÃgÉUÉ
C¢üPÀÈvÀ ¸ÀªÀiÁ¥ÀPÀzÁgÀjUÉ/RÄt «ªÉÆÃZÀPÀjUÉ ¥ÁªÀw
ªÀiÁqÀ¯ÁVzÉ. EzÀjAzÁV £ÁåAiÀiÁ®AiÀÄzÀ wÃ¥ÀÄð
ºÉ Æ gÀ § gÀ Ä ªÀ vÀ £ À P À D ªÉ Æ vÀ Û z À ºÀ t ªÀ Å ¸À A ¸É Ü UÉ
§gÀ¨ÉÃPÁzÀzÀÄ JA§ÄzÁV vÉÆÃj¸À¯ÁVzÉ.
9. n¥Àt
à  ¸ÀASÉå - 22, µÉqÆ
À å¯ï ‘N’ £À°è £ÀªÄÀ Æ¢¹gÀĪÀAvÉ
- ºÉÊPÉÆÃmïð£À DzÉñÀzÀ ªÉÄÃgÉUÉ PÀQëUÁgÀgÀ ¥ÀgÀªÁV
µÉqÀÆå¯ïØ ¨ÁåAPï£À°è 491.92 ®PÀë gÀÆ.UÀ¼À£ÀÄß ¹ÜgÀ
oÉêÀtÂAiÀÄ°è Ej¸À¯ÁVzÉ.
10. n¥Àt
à  ¸ÀASÉå - 19, µÉqÆ
À å¯ï ‘N’ £À°è £ÀªÄÀ Æ¢¹gÀĪÀAvÉ
– DyðPÀ ªÀµÀð 2014-15gÀ°è ªÀiÁrzÀ ¥ÀjuÁªÀĪÁV
159.04 ®PÀë gÀÆ.UÀ¼£
À ÄÀ ß §rØ C¤²ÑvÀ SÁvÉAiÀÄ°èj¸À¯ÁVzÉ
(Interest suspense Account).
¸ÀA§A¢üvÀ n¥ÀàtÂUÀ¼À°è ¸ÀÆa¹zÀ «µÀAiÀÄUÀ¼À ¨Á§ÄÛ ªÉÄð£À
1 j0zÀ 10 ¥ÁågÁªÀgÉV£À £ÀªÀÄä «ÃPÀëuÉUÀ¼ÀÄ ªÀåQÛ¤µÀתÁVªÉ
CxÀªÁ ¨s«
À µÀåzÀ ¨É¼ª
À t
À U
 U
É ¼
À ÄÀ /¸ÀAPÀ®U
à ¼
À À ªÉÄÃ¯É DzsÁjvÀªÁVªÉ.
¥ÁågÁ 2gÀ°è £ÀªÀÄÆ¢¹gÀĪÀ ¸Á® ¤§AzsÀ£ÉAiÀÄ ºÉÆgÀvÁV,
¸ÀA¸ÉÜ ¥Àæ¸ÀPÀÛ ªÀµÀðzÀ ¤ªÀé¼À ¯Á¨sÀUÀ¼À°è ªÀÄvÀÄÛ ¸ÀévÀÄÛUÀ¼ÀÄ ªÀÄvÀÄÛ
ºÉÆuÉUÁjPÉUÀ¼À ªÉÄÃ¯É GAmÁUÀĪÀ DyðPÀ ¥Àæ¨sÁªÀªÀ£ÀÄß
RavÀ¥Àr¸À¯ÁUÀĪÀÅ¢®è.
ªÉÄð£À 1 jAzÀ 10 ¥ÁågÁUÀ½UÉ M¼À¥Àr¹zÀAvÉ, £ÀªÀÄUÉ
MzÀV¸À¯ÁzÀ ªÀiÁ»wAiÀÄ ¥ÀæPÁgÀ, ºÀtPÁ¸ÀÄ vÀBSÉÛUÀ¼ÀÄ ºÁUÀÆ
eÉÆvÉAiÀÄ°è MzÀV¸À¯ÁVgÀĪÀ ¥ÀæªÀÄÄR ¯ÉPÀÌ¥ÀvÀæ ¤AiÀĪÀiÁªÀ½
ºÁUÀ Æ «ªÀ g À u ÁvÀ ä P À ªÀ i Á»wAiÀ Ä Ä ¸À A ¸É Ü AiÀ Ä ¸ÁªÀ i Á£À å
¤AiÀĪÀiÁªÀ½UÀ¼À ¥ÀæPÁgÀ MzÀV¸À¨ÉÃPÁzÀ jÃwAiÀÄ°è EzÀÄÝ,
¸ÁªÀiÁ£ÀåªÁV ¨sÁgÀvÀzÀ°è C£ÀĪÉÆÃzÀ£ÉAiÀiÁUÀvÀPÀÌ ¯ÉPÀÌ¥ÀvÀæ
¤AiÀĪÀiÁªÀ½UÉ C£ÀÄUÀÄtªÁVzÀÄÝ ¸ÀA¸ÉÜAiÀÄ ¹ÜwUÀwAiÀÄ £ÉÊd
ºÁUÀ Æ PÀ æ ª À Ä §zÀ Þ avÀ æ t ªÀ £ À Ä ß ¤ÃqÀ Ä vÀ Û z É A zÀ Ä £À ª À Ä ä
C©ü¥ÁæAiÀĪÁVgÀÄvÀÛzÉ.
C) ªÀiÁZïð 31, 2016 gÀAvÉ ¸ÀA¸ÉÜAiÀÄ D¹Û ºÁUÀÆ ºÉÆuÉU¼
À À
¥ÀnÖ:
b. In case of the Profit and Loss Account, of the D) ¸Àzj
À ¢£ÁAPÀzA
À zÀÄ PÉÆ£ÉUÆ
É AqÀ ªÀµð
À zÀ ¯Á¨sÀ ºÁUÀÆ
profit for the year ended on that date; and £ÀµÀÖzÀ vÀ:SÉÛ ; ºÁUÀÆ
c. In case of the Cash Flow Statements, of the
E) ¸Àzj
À ¢£ÁAPÀzA
À zÀÄ PÉÆ£ÉUÆ
É AqÀ ªÀµð
À zÀ £ÀUz
À ÄÀ ºÀj«£À
cash flows for the year ended on that date.
¥ÀnÖ.
Report of Other Legal and Regulatory Requirements
EvÀgÀ PÁ£ÀÆ£ÀÄ ªÀÄvÀÄÛ gÉUÀÄå¯ÉÃlj CUÀvÀåvÉUÀ¼À §UÉÎ ªÀgÀ¢
In our opinion, the Balance Sheet, Profit & Loss
Account and Cash Flow Statement (as per SIDBI £ÀªÄÀ ä C©ü¥ÁæAiÀÄzÀ°è ¸ÀA¸ÉÜAiÀÄ ¯ÉPÌÀ¥v
À æÀ ªÀÄvÀÄÛ F ªÀg¢
À AiÀÄ°ègÄÀ ªÀ
directive) dealt with by this report are in agreement
¯Á¨sÀ-£ÀµÀÖzÀ ¯ÉPÁÌZÁgÀªÀÅ E£ï¹ÖlÆåmï D¥sï ZÁlðqïð
with the books of account and comply with the
Accounting Standards issued by the Institute of CPËAmÉAmïì D¥sï EArAiÀiÁ (L¹JL)gÀÀªÀgÀ ¯ÉPÀÌ¥ÀvÀæ
Chartered Accountants of India to the extent ¤§AzsÀ£ÉUÀ½UÉ C£ÀÄUÀÄtªÁVzÉ ªÀÄvÀÄÛ gÁdå ºÀtPÁ¸ÀÄ ¸ÀA¸ÉÜ
applicable and conform to the statutory
PÁ¬ÄzÉ, 1951gÀ£ÀéAiÀÄ ±Á¸À£À§zÀÞªÁVzÀÄÝ ªÀÄvÀÄÛ ¨sÁgÀwÃAiÀÄ
requirements prescribed under the State Financial
Corporations Act, 1951, circulars and guidelines ¸ÀtÚ PÉÊUÁjPÉU¼
À À C©üªÈÀ ¢Þ ¨ÁåAPï (¹râ)£À ¥Àj¥ÀvU
æÀ ½
À UÉ ªÀÄvÀÄÛ
issued from time to time by the Small Industries ¤zÉÃð±À£ÀUÀ½UÉ C£ÀÄUÀÄtªÁVªÉ.
Development Bank of India.

For A.R.Viswanathan and Co., J.Dgï. «±Àé£ÁxÀ£ï CAqï PÉÆÃ.

Chartered Accountants ZÁlðqïð CPËAmÉAmïì EªÀgÀ ¥ÀgÀªÁV
¸ÀA¸ÉÜAiÀÄ ICAI £ÉÆÃAzÀt ¸ÀASÉå:004765 S
Firm’s ICAI Reg.No.004765 S
¸À»/-
Sd/-
J. Dgï. ®QëöäãÁgÁAiÀÄt£ï
A.R.Lakshminarayanan
¥Á®ÄzÁgÀgÀÄ
Partner
¸ÀzÀ¸ÀåvÀé ¸ÀASÉå: 011820
Membership No.011820
¸ÀܼÀ : ¨ÉAUÀ¼ÀÆgÀÄ
Place : Bangalore ¢£ÁAPÀ : 15.07.2016
Date : 15.07.2016

32
 KARNATAKA STATE FINANCIAL CORPORATION
BALANCE SHEET AS AT 31st MARCH 2016
(Amount : ` in Lakh)
As at As at
Particulars Schedule
31-03-2016 31-03-2015
CAPITAL AND LIABILITIES :
Share Capital A 71001.30 65855.56
Share Application Money A 37692.76 35338.50
Reserve Fund and Other Reserves B 28617.14 28706.04
Term Borrowings C 155888.73 167581.21
Current Liabilities & Provisions D 15350.29 11130.96
Total: 308550.22 308612.27
PROPERTY AND ASSETS
Cash & Bank Balances E 7411.39 3698.54
Investments F 63465.80 63406.93
Loans & Advances G 172768.34 177572.97
Fixed Assets H 4952.29 5112.58
Current Assets I 16190.53 11846.32
Profit and Loss Account Balance 43761.87 46974.93
Total: 308550.22 308612.27
Notes & Significant Accounting Policies forming
part of Accounts O

For Karnataka State Financial Corporation

Vasant Kumar L B Nilogal Ritesh Kumar Singh, IAS I S N Prasad, IAS

General Manager(C-I) Executive Director-II Managing Director Chairman

Director As per our Report of even date

For A R Viswanathan & Co.,
Sri Anadi Charan Sahu Chartered Accountants
Firm Registration No. 004765 S

(CA A R LAKSHMINARAYANAN)
Partner
Membership No.011820
Place : Bangalore Place : Bangalore
Date : 14.07.2016 Date : 15.07.2016

33
 KARNATAKA STATE FINANCIAL CORPORATION
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2016
(Amount : ` in Lakh)
Year Ended Year Ended
Particulars Schedule
31-03-2016 31-03-2015
INCOME
Interest Income J 27449.52 26352.25
Other Income K 3412.58 5370.63
Provision for NPAs Withdrawn 254.45 25166.76
Total: 31116.55 56889.64
EXPENDITURE
Interest and Other Financial Expenses L 16009.04 15862.64
Personnel Expenses M 6652.09 6447.93
Administrative Expenses N 957.60 803.24
Bad Debts Written Off 257.07 25211.89
Provision for NPAs 3475.26 2844.84
Payment/Prov for Gratuity/Leave 341.09 1048.12
Depreciation/Amortization H 202.98 215.72
Total: 27895.13 52434.38
Profit Before Tax 3221.42 4455.26
Add: Provision for Wealth Tax w/d 0.00 0.23
Less: Wealth Tax Paid 8.36 8.51
Profit after Tax 3213.06 4446.98
Add/Less: Loss Brought forward -46974.93 -51421.91
Deficit carried to Balance Sheet -43761.87 -46974.93
Notes & Significant Accounting Policies forming
part of Accounts O
For Karnataka State Financial Corporation

Vasant Kumar L B Nilogal Ritesh Kumar Singh, IAS I S N Prasad, IAS

General Manager(C-I) Executive Director-II Managing Director Chairman

Director As per our Report of even date

For A R Viswanathan & Co.,
Sri Anadi Charan Sahu Chartered Accountants
Firm Registration No. 004765 S

(CA A R LAKSHMINARAYANAN)
Partner
Membership No.011820
Place : Bangalore Place : Bangalore
Date : 14.07.2016 Date : 15.07.2016

34
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015

Schedule -A
SHARE CAPITAL
Authorised Share Capital
10,00,00,000 shares of Rs. 100 each
(P.Y.10,00,00,000 shares of Rs. 100 each) 100000.00 100000.00

Issued and Paid up Capital

69246303 shares of Rs.100 each fully paid up 69246.30 64100.56
(P.Y.64100563 shares of Rs.100 each fully paid up)

1755000 shares of Rs. 100 each, issued under

section 4 A of the SFCs Act 1951 1755.00 1755.00

Total: 71001.30 65855.56

SHARE APPLICATION MONEY

Amount Received towards Shares Pending Allotment 37692.76 35338.50

Total: 37692.76 35338.50

Schedule -B
RESERVE FUND AND OTHER RESERVES

a) Special Reserve Fund u/s.35A of

SFCs Act,1951 250.00 250.00

b) Special Reserve for the purposes of 175.00 175.00

Sec.36(1)(vii) of the Income Tax Act’1961

c) Capital Reserve 24293.85 24293.85

d) Revaluation/Amortisation Reserve on Fixed Assets

Opening Balance 3987.19 4076.09
Less: Transferred to P& L A/c 88.90 3898.29 88.90 3987.19

Total: 28617.14 28706.04

35
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015
Schedule-C
TERM BORROWINGS

1. Bonds Guaranteed by
State Govt.u/s 7(1) of the SFCs Act 155240.00 162080.00

2. Fixed Deposits 448.73 5501.21

3. Line of Credit from SBH 200.00 0.00

Total: 155888.73 167581.21

36
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015
Schedule -D
CURRENT LIABILITIES & PROVISIONS

A) CURRENT LIABILITIES :

1. Sundry Deposits 7310.62 2538.68

2. Other Liabilities 155.32 161.73

3. a. Amount received pending adjustments 618.05 557.16

b. Amount received towards Subsidy 444.46 592.91
c. Loan Application Fee Deposit 41.93 32.23
d. Amount received from GOK towards SC Equity scheme 139.71 53.25
e. Amount received from GOK towards ST Equity scheme 226.59 1470.74 329.59 1565.14

4. Margin Money towards:

a. Towards Agencies – KSCSTDC/ 31.74 580.55
KBCDC/KMDC/KWDC
Less: Amount receivable from Parties 30.88 0.86 575.92 4.63

b. Towards Seed Capital from SIDBI / IDBI 1318.91 1340.17

Less: Amount receivable from Parties 1302.43 16.48 1332.93 7.24

5. Accrued Guarantee Commission to GOK 0.00 78.33

6. a. Interest Accrued & not due on loans 2786.45 3043.19

b. Int on SSC payable to SIDBI 6.35 3.54
c. Other Accrued expenses 123.40 87.45

B) OTHER LIABILITIES & PROVISIONS

1. Towards Wealth Tax 0.00 8.19
2. Provision for Gratuity 266.23 455.93
3. Provision for Leave Salary 1915.51 1823.88
4. Others:
a) Contingent Provision against Standard Assets 1134.16 1197.04
b) Provision for Economic Loss under Restructuring 122.82 114.64
5. Provision towards Other Debits 41.35 41.35
Total: 15350.29 11130.96

37
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015
Schedule -E
CASH AND BANK BALANCES

a) Cash on hand incl. Stamps on hand 74.93 47.04

b) Balances with Banks

i) Reserve Bank of India ---- ----
ii) SBI & Other Scheduled Banks 7336.46 3651.50
Less: Canara Bank Drawal facility balance (Net) 0.00 7336.46 0.00 3651.50

Total: 7411.39 3698.54

Schedule-F
INVESTMENTS

1. Investments in Shares
i) Shares acquired pursuant to underwriting
agreements

Irredeemable Preference Shares fully paid 14.15 15.35

less: Provisions 14.15 0.00 15.35 0.00

ii) Investment in Equity Shares 61223.03 57023.03

less: Provisions 163.78 61059.25 38.73 56984.30

2. A. Investment in KITVEN FUND 650.00 750.00

Less : provisions 100.00 550.00 48.08 701.92

B. Investment in KAMCO & KATCO

i) 16500 Shares of Rs.100 each in KAMCO
ii) 500 Shares of Rs.100 each in KATCO 17.00 17.00

C. Investment in NSCs 0.00 0.02

D. Investment in KESOL EQUITY FUND 5.00 5.00

less: Provisions 5.00 0.00 5.00 0.00

E. Investment in Insurance Cos for leave encashment 1839.55 1503.69

3. Application Money on Shares in PSEs

(Refer Note No.9) 0.00 4200.00
Total: 63465.80 63406.93

38
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015

Schedule-G

LOANS AND ADVANCES

TERM LOANS AND ADVANCES 181919.58 183614.75

Less: NPA Provisions 9151.24 172768.34 6041.78 177572.97

Total: 172768.34 177572.97

Schedule – I

CURRENT ASSETS

Deposits with Banks 9001.94 4699.36

Other Deposits 491.92 0.00

Advances to Staff 2182.42 2334.87

Less: Provisions 4.51 2177.91 6.95 2327.92

Deposits and Other Advances. 180.64 185.10

Less: Provisions 8.68 171.96 15.96 169.14

Other Assets 1.53 3.56

Assets acquired in satisfaction of loans 13.10 12.42

Less: Provision for loss on acquired assets 13.10 0.00 11.74 0.68

Advance Tax incl. TDS 80.03 61.62

Expenses recoverable – Other Debits 41.35 41.35

Prepaid Expenses 12.98 10.11

Accrued Interest on Loans & Advances 4210.91 4532.58

Total: 16190.53 11846.32

39
 KARNATAKA STATE FINANCIAL CORPORATION
SCHEDULE - H
a) Fixed assets (Amount : ` in Lakh)
COST DEPRECIATION NET BALANCE
Sl Particulars Gross Block Additions Sale/ Gross Block Up to Adjustment For the Up to As at As at
No as on during the Adjustments as on 01-04-2015 during the Period 31.03.2016 31.03.2016 31.03.2015
01-04-2015 Period 31-03-2016 Period
1 Land 743.27 0.60 0.00 743.87 0.00 0.00 0.00 0.00 743.87 743.27
2 Land on Revaluation
- Freehold 1589.03 0.00 0.00 1589.03 0.00 0.00 0.00 0.00 1589.03 1589.03
- Leasehold 2455.80 0.00 0.00 2455.80 318.36 0.00 45.48 363.84 2091.96 2137.44
3 Buildings * 1116.72 6.34 0.00 1123.06 859.14 0.00 44.93 904.07 218.99 257.58
4 Bldgs on Revaluation
- Freehold 317.56 0.00 0.00 317.56 241.15 0.00 12.70 253.85 63.71 76.41
- Leasehold 853.30 0.00 0.00 853.30 668.99 0.00 30.72 699.71 153.59 184.31
5 Computers incl software 741.19 18.79 1.34 758.64 703.87 1.34 38.22 740.75 17.89 37.32
6 Motor Vehicles 221.11 0.00 4.21 216.90 168.05 4.21 17.97 181.81 35.09 53.06
7 Motor Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8 Bicycles 0.29 0.00 0.00 0.29 0.29 0.00 0.00 0.29 0.00 0.00

40
9 Electrical Fittings 108.78 11.67 0.19 120.26 103.00 0.19 3.35 106.16 14.10 5.78
10 Office Equipments. 198.36 2.43 1.91 198.88 177.10 1.91 7.04 182.23 16.65 21.26
11 Internal Telephone 35.71 0.86 0.22 36.35 34.17 0.22 0.93 34.88 1.47 1.54
12 Furniture & Fixtures 382.80 2.00 0.40 384.40 377.22 0.40 1.64 378.46 5.94 5.58
Total (A) 8763.92 42.69 8.27 8798.34 3651.34 8.27 202.98 3846.05 4952.29 5112.58
b) Assets given on Lease
1 Plant & Machinery 225.98 0.00 0.00 225.98 225.98 0.00 0.00 225.98 0.00 0.00
Total (B) 225.98 0.00 0.00 225.98 225.98 0.00 0.00 225.98 0.00 0.00
Grand Total ( A+B+C) 8989.90 42.69 8.27 9024.32 3877.32 8.27 202.98 4072.03 4952.29 5112.58
* Includes ` 517.17 Lakh on Leasehold Land
1. The land allotted by KIADB at Harohalli Industrial Area measuing 10 acres is on lease cum sale basis for the development of industrial park. The Corporation
has taken possession of the land. The development is yet to be taken up.The titles are yet to be conveyed in favour of the Corporation.

2. As a policy, depreciation is charged at specified percentages on various categories of fixed assets. Due to non-reconciliation in the past years, the
percentages are not strictly tallying (vide 4(iv) of signigicant Accounting Policies) to the percentages of left over depreciation to be charged for the
remaining chargeable period of assets after netting off number of years of depreciation charge already made. For the year, chargeable depreciation has
been calculated as residual balance after strictly keeping the depreciation at quantum level equal to the left-over percentages of depreciation chargeable
prescribed for the remaining chargeable years. This has resulted in certain amount of excess/short depreciation (asset-wise) calculated in terms of
precentages for the current year on building and bicycles.
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015
Schedule – J
INTEREST INCOME

Interest on Loans & Advances (Net) 25476.25 26235.47

Interest - Prudential written off accounts 1973.27 0.00

Interest on NCDs and Others 0.00 116.78

Total: 27449.52 26352.25

Schedule -K
OTHER INCOME

One Time Disbursement Fee 314.74 254.25

Sale of Application Forms 1.60 1.46
Interest on Bank Deposits & Other investments 972.72 1478.14
Interest on staff advances 226.84 220.34
Premium on pre-mature closure of Accounts 201.48 137.25
Other income from Leasing & Merchant Banking 2.32 7.05
Dividend on Investments 9.22 13.68
Income from Financial Services 35.02 30.10
Income from E-Stamping Activity 11.82 19.39
Rent received 80.87 50.18
Profit from Sale of fixed assets 1.90 3.73
Bad Debts recovered 1023.88 214.63
Loan Processing Fee 347.34 320.35
Profit from Sale of Acquired assets 0.00 5.00
Income from withdrawal of Provision 8.19 2341.04
Interest Income from Inv in Insurance Cos (E Leave) 15.66 127.08
Miscellaneous Income 70.08 58.06
Revaluation/Amortization Reserve withdrawn 88.90 88.90

Total: 3412.58 5370.63

41
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015

Schedule – L

INTEREST AND OTHER FINANCIAL EXPENSES

Interest on Bonds 14184.32 12127.76

Interest on borrowings from Banks 0.14 15.38

Interest on Fixed Deposits 173.08 1878.17

Guarantee Commission to State Government 1603.70 1380.10

Stamp Duty to GOK 0.00 55.15

Arrangers’ Fee,Rating & Surveillance Fee on Bonds 47.80 406.08

Total: 16009.04 15862.64

Schedule– M

PERSONNEL EXPENSES

Salaries and Allowances

(a) Managing Director 17.75 2.05

(b) Staff & Officers 5829.13 5671.61

(c) VRS Compensation 35.16 5882.04 0.00 5673.66

Medical Expenses

(a) Managing Director 0.06 0.00

(b) Staff & Officers 133.44 133.50 143.64 143.64

Contribution to Provident Fund 518.88 509.42

Staff Welfare Expenses 117.67 121.21

Total: 6652.09 6447.93

42
 KARNATAKA STATE FINANCIAL CORPORATION
(Amount : ` in Lakh)
As at As at
Schedule to the Accounts
31-03-2016 31-03-2015

Schedule–N
ADMINISTRATIVE EXPENSES

Traveling Expenses:
i) Managing Director 3.26 0.33
ii) Directors 1.15 1.34
iii) Staff & Officers 265.36 269.77 291.90 293.57

Sitting Fees to Directors 0.39 0.55

Rent, Taxes & Insurance 243.67 150.63

Postage, Telegrams & Telephones 35.61 38.23

Motor Car Expenses 69.23 76.13

Printing & Stationery 28.23 30.20

Publicity and Advertisement 11.79 3.75

Books, Periodicals & Newspapers 3.30 2.97

Repairs, Renewals and Maintenance 138.16 97.98

Bank charges & Commission 2.68 2.73

Remuneration to Auditors:

i) Audit fees 2.98 2.97

ii) Reimbursed Expenses 0.00 2.98 0.00 2.97

Legal charges 12.97 5.92

Profl and Consultancy charges 2.91 12.11

Board Meetings / AGM expenses 3.74 3.54

Membership fees / Subscriptions for Institutions 1.69 2.77

Sponsorship Fees 3.21 1.20

Other Expenses 127.27 77.99

Total: 957.60 803.24

43
 KARNATAKA STATE FINANCIAL CORPORATION
SCHEDULE - O
I NOTES & SIGNIFICANT ACCOUNTING POLICIES FORMING PART OF THE
ACCOUNTS FOR THE FINANCIAL YEAR 2015-16

1. a) Based on SIDBI’s Master Circular No14/2011-2012 dated 02.09.2011, Circular No.05/2012-13 dated
16.01.2013, No. FI.04/2014-2015 dated 13.02.2015 and No. FI.No.06/2015-16 dated 04-09-2015 regarding
Prudential Norms on Income Recognition, Asset Classification and Provisioning, Loans and Advances have
been classified as Performing and Non-performing assets as under:

(Amount : ` in Lakh)
Sl. Particulars 31-03-2016 31-03-2015
No. Loan O/s Provision Loan O/s Provision
1 Standard 157437.64 1134.16 168495.35 1197.04
2 Sub Standard 12863.16 2743.46 7807.78 2207.90
3 Doubtful I 7132.76 1891.11 3745.74 1050.89
4 Doubtful II 2025.61 2025.61 1378.92 552.87
5 Doubtful III 2491.06 2491.06 2230.12 2230.12
Sub Total 181950.23 10285.40 183657.91 7238.82
6 Provision for investments 282.93 107.16
7 Provision for others 136.00 137.55
Total 10704.33 7483.53

Asset classification and provisioning for NPA has been made, as per the guidelines of Small Industries
Development Bank of India (SIDBI). In respect of assets classified as Doubtful-II category, against the provision
stipulated under norms of 40%, provisioning is made at 100% and the additional provision on account of
this is ` 1215.37 lakh (provision coverage percentage comes to 37.83 % for the reported NPA for the year
ended 31st March 2016).

b) Bad Debts written off of ` 257.07 lakh includes ` 2.62 lakh under One Time Settlement of Loans & Advances
(PY ` 25211.89 lakh includes ` 45.13 lakh). Further, Prudential Write off of ` 254.45 lakh (PY ` 25166.76 lakh)
representing loss assets has been effected in the books during the current year on the grounds of
inordinate delays and difficulties in realization of securities. Corresponding provision existing in the books
in respect of these accounts of ` 254.45 lakh (PY ` 25166.76 lakh) made in previous years has been written
back and taken as income in Profit and Loss account.

c) Classification of Investments of ` 650.00 lakh and provision of ` 100.00 lakh for diminution in the value of
investments has been made based on RBI/SIDBI guidelines. Investments in preference shares have been
classified as ‘Held for Maturity’. Investments in KITVEN Fund to the extent of ` 150.00 lakh has been classified
as Held For Maturity’. The balance ` 500.00 lakh has been classified as ‘Available for sale’ and provision for
diminution on ` 500.00 lakh based on the valuation as on 31st March 2015 has been made as per RBI guidelines.

44
 The investment of ` 61000 lakh by KSFC, as indicated in Note no (9), in Krishna Jala Bhagya Nigam Ltd,
Karnataka Neeravari Nigam Limited and Cauvery Neeravari Nigam Limited is the investment on behalf of the
Government of Karnataka as per the directions of the State Government, as evident from the relevant
Government order and the MoU entered into in this regard. Therefore, any change in the value of these
investments attributes to the State government. The Corporation does not foresee any adverse impact on
KSFC’s financials on account of diminution in the value of these investments, if any. Hence no provision is
made in this regard.

2 Settlement of SIDBI liabilities on One Time settlement basis :

As per the financial restructure plan, the settlement of dues to SIDBI was settled by way of payment to the said
organization during 2014-15. The resultant benefit out of settlement of ` 24293.85 lakh, is exhibited in Capital
Reserve on the basis of expert opinion.

3) The outstanding loans and advances are shown net of provision for NPAs and at gross for standard assets as per
schedule G. However, provision made towards Standard Assets is shown under the head ‘Current Liabilities & Provisions’.

4) The Corporation has a system of calling for periodic confirmation from its borrowers in respect of loans and
advances which have not been disputed by the borrowers.

5) Bank balances include cheques on hand of ` 789.35 lakh (net) (PY ` 1114.78 lakh).

6) Sequel to para 1 (b), bad debts written off represents write off of ` 2.62 lakh (PY ` 45.13 lakh) and Prudential
Write off of ` 254.45 lakh (PY ` 25166.76 lakh). Interest not realised of ` 7.67 lakh (PY ` 30708.99 lakh)
pertaining to settlement of ` 2.62 lakh was treated as waived by the Corporation and closed. The balance
interest of ` 29366.36 lakh (PY ` 910154.19 lakh) represents interest pertaining to Prudential Write off retained
in memorandum account for future review and follow up.

7) Contingent liabilities:

a) Letters of credit issued ` 376.89 lakh (PY ` 64.73 lakh)

b) Claims by the customers and others not acknowledged as debt by the Corporation - ` 1885.59 lakh
(PY ` 504.43 lakh). The Corporation had given financial Guarantee to Global Trust Bank Limited for a term
loan of ` 550 lakh sanctioned by Global Trust Bank Limited. Consequent to default by the borrower,
Global Trust Bank Limited invoked the guarantee and the Corporation paid an amount of ` 550 lakh to the
Bank over a period of time. Subsequently, GTB was taken over by Oriental Bank of Commerce. The Bank
claimed interest for delayed payment and filed petition before the DRT, Hyderabad, against the original
borrower and KSFC as a Third Respondent. The matter was heard in DRT, Hyderabad and the Corporation
contested that it is not liable to pay the interest, as the Guarantee is limited only to the extent of
` 550.00 lakh and there is no clause in the Guarantee Agreement for payment of interest. However, DRT,
Hyderabad has upheld the claim of the Bank and issued recovery certificate for ` 1558.92 lakh. The
Corporation has taken stay against the operation of the recovery certificate of the DRT and is also in the
process of filing an appeal in the appropriate Court. The Corporation has taken opinion from the Legal
Advisor and the legal opinion indicates that there are enough grounds for the Corporation to disprove the
liability. Based on the legal opinion, the amount is shown under the head Contingent Liability.

45
 c) Disputed Sales Tax / VAT liability – ` 5.72 lakh (PY -NIL-).

d) The interest amount payable on matured fixed deposits is subject to renewal by the depositors and the
amount is not quantifiable.

e) Claims of dismissed employees/VRS employees pending before Courts - Amount not quantifiable.

f) Disputed service tax liabilities - ` 85.46 lakh (PY ` 77.28 lakh)

g) Claims from RTA towards road tax arrears - not quantifiable

h) Disputed Income Tax Demand ` 494.97 lakh (PY -NIL-).

8) Share Application Money

Out of the share application money of ` 35338.50 lakh as on 31-03-2015, a sum of ` 5145.74 lakh was converted
into paid up capital during FY 2015-16. Further, a sum of ` 7500.00 lakh was given by the State government
towards equity during the year, which is part of share application money. The break-up of total share application
money by the year end is as below.

(Amount : ` in Lakh)
Amount received vide GO No FD 61 BFC 2014 dated 15-10-2015 5000.00
Amount received vide GO No FD 61 BFC 2014 dated 30-05-2015 2500.00
Received during the year Sub-Total 7500.00
Amount received vide GO No FD 17 BFC 2014 dated 11-08-2014 7500.00
Amount received vide GO No FD 21 BFC 2012 dated 07-01-2014 5000.00
Amount received vide GO No FD 29 BFC 2012 dated 31-01-2014 192.76
Amount received towards Pass through equity during FY 2011-12 15000.00
Amount received vide Go No CI 76 SSI 2009 dated 30.03.2009 2500.00
Total 37692.76

9) Investment in the equity of PSEs

As per the directions of the Government, the Corporation has invested ` 61000 lakh in PSEs of GoK as equity as
stated below : (for which share certificates are held by the Corporation in its name. Refer Note No. I- c)

(Amount : ` in Lakh)
PSEs Cauvery Karnataka Krishna
Neeravari Neeravari Bhagya Jala Total
Year Nigam Ltd. Nigam Ltd Nigam Ltd.
2007-08 3000.00 12000.00 0.00 15000.00
2008-09 5383.46 8703.00 5913.54 20000.00
2009-10 6000.00 0.00 5000.00 11000.00
2012-13 0.00 4200.00 10800.00 15000.00
Total 14383.46 24903.00 21713.54 61000.00
All the three Nigams have issued share certificates for the investment made.

46
10) The Fixed Deposits includes matured deposits pending renewal / repayment.

11) The Corporation in the present situation does not foresee future taxable income within reasonable period to
wipe out the carry forward losses. Hence deferred tax asset/liability has not been created in the books as per
Accounting Standard 22 issued by Institute of Chartered Accountants of India.

12) The total gross investment in hire purchase and lease and the present value of minimum payments receivable
at the balance sheet date is nil. Therefore, no disclosure is made as required under Accounting Standard 19
issued by Institute of Chartered Accountants of India (ICAI).

13) Contingency deposit of ` 128.96 lakh representing amount collected from lessees towards anticipated claims
from Commercial Tax Department towards sales tax on lease rentals is carried as liability. An ad-hoc payment
of ` 84.45 lakh was made and appeal was filed. This amount has been shown as advance in the earlier year.
The appeal was decided in favour of the Corporation and refund of ` 72.87 lakh was received by the Corporation
for the AY 1995-96 and 1996-97 and an amount of ` 1.46 lakh has been deducted and adjusted to arrears.
Claim has been lodged for the refund of balance amount of ` 11.58 lakh. Demand for ` 37.80 lakh was made
during FY 2013-14 in respect of assessment year 2005-06 and 2006-07 and this amount was paid. The appeal
preferred by the Corporation has been disposed in favour of the Corporation. The refund is due.

14) Impairment of assets:

During the year there is no impairment of assets presently used by the corporation having any impact on the
net profit of the Corporation for the year as contemplated by the Accounting Standard 28 (AS - 28)

15) Revaluation of Assets

Pursuant to SIDBI’s Letter No.420/DFID/SFCs, dated 1st April 2008, the land and buildings of the Corporation,
including the leasehold land held by the Corporation at No.1/1,Thimmaiah Road, Bangalore-52, had been
revalued during FY 2007-08 to reflect the true value of assets as on 31-03-2008 based on the valuation of
Chartered Engineer. In terms of the Accounting policy, an amount of ` 88.90 lakh, representing depreciation
amortization is debited to profit and loss account with a matching withdrawal from the Revaluation Reserve
account and credited to profit and loss account under Other Income (Schedule - K).

16) Sundry Deposit of ` 7310.62 lakh (PY ` 2538.68 lakh) shown under current liabilities includes an amount of
` 89.79 lakh (PY ` 89.79 lakh) of State Subsidy carried forward for the past few years.

17) Gratuity and Leave encashment liability

a) The gratuity liability as at the end of the year, as per actuarial valuation, is determined based on the maximum
limit of ` 10.00 lakh per employee in accordance with the Government letter FD 44 BFC 2013 dated
17-03-2014. As against the total liability of ` 4638.78 lakh, a sum of ` 4372.55 lakh is funded as given below:

47
 Disclosure as per AS 15 – Revised- Defined Benefit Plans-Gratuity
(Amount : ` in Lakh)

Change in benefit obligations

Obligations at period beginning- Current 329.84

Obligations at period beginning - Non-current 4173.13

Service Cost 304.16

Interest on Defined benefit obligation 341.12

Benefits settled -478.00

Actuarial (gain)/loss -31.47

Obligations at period end 4638.78

Current Liability (within 12 months) 340.26

Non Current Liability 4298.52

Change in plan assets

Plan assets at period beginning, at fair value 4047.03

Expected return on plan assets 322.88

Actuarial gain/(loss) 24.71

Contributions 455.93

Benefits settled (-)478.00

Plan assets at period end, at fair value 4372.55

Funded Status

Closing PBO 4638.78

Closing Fair value of plan assets 4372.55

Closing Funded status (266.23)

Net asset/(Liability) recognized in balance sheet (266.23)

The incremental liability of ` 266.23 lakh for FY 2015-16 as per actuarial valuation has been fully provided for.

48
 b) Disclosure as per AS 15 - R - Defined Benefit Plans - Employees Leave Salary
(Amount : ` in Lakh)

Change in benefit obligations

Obligations at period beginning – Current 126.94

Obligations at period beginning - Non-current 1696.94

Service Cost 406.18

Interest on Defined benefit obligation 125.19

Benefits settled -518.15

Actuarial (gain)/loss 78.41

Obligations at period end 1915.51

Current Liability (within 12 months) 136.06

Non Current Liability 1779.45

Change in plan assets

Plan assets at period beginning, at fair value 1503.69

Expected return on plan assets 121.65

Actuarial gain/(loss) 10.83

Contributions 320.16

Benefits settled -116.79

Plan assets at period end, at fair value 1839.54

Funded Status

Closing PBO 1915.51

Closing Fair value of plan assets 1839.55

Closing Funded status (75.96)

Net asset/(Liability) recognized in balance sheet (75.96)

recognized in Profit & Loss Account for FY 2015-16 amounting to ` 75.96 lakh.

18) Segment Reporting

The Corporation’s predominant risks and returns are from the segment of finance and finance related activities,
which constitute the major revenue of the Corporation for reporting period. Since this being a single business
segment, the segment information as per Accounting Standard 17 “Segment Reporting” is not disclosed.

49
19) Consequent to the prudential write off during FY 2014-15, the balances in the funded interest account of
` 79.52 lakh and investment of ` 79.52 lakh in redeemable preference shares reflected in the financial statements
of the previous year have been set off against the amount held in corresponding Interest Suspense Account of
` 159.04 lakh. The balance in account is Nil as at 31st March, 2016.

20) Reporting under AS 29

(Amount : ` in Lakh)
Sl. Nature of the provision Opening Provision Provision Closing
No. Balance made adjusted provision
during during
2014-15 the year
1 Provision for gratuity 455.93 266.23 455.93 266.23
2 Provision for leave salary 1823.88 91.63 - 1915.51
3 Provision for wealth tax 8.19 - 8.19 -
Total 2288.00 357.86 464.12 2181.74

21) An amount of ` 41.35 lakh was paid to Official Liquidator during the FY 2011-12 by debiting Other Debits
recoverable in pursuance of the court order in the case of Pavan Alloys Pvt. Ltd. The amount represents sale
proceeds of secured assets realised and appropriated to loan account by corporation in the earlier year. The
amount is continued to be shown as recoverable.

22) An amount of ` 491.92 lakh received from sale of secured assets in respect of assisted unit. The sale was
contested and Hon’ble High Court has ordered restraining the Corporation from taking the possession of the
property and directed to deposit the money in Fixed deposit. Accordingly, amount is deposited in Bank and
disclosed as other deposit under Current assets [Schedule I].

23) Previous year’s figures are regrouped and rearranged wherever necessary to conform to current year’s
requirements.

50
Schedule - O

II SIGNIFICANT ACCOUNTING POLICIES FORMING PART OF THE

FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR 2015-16

1. Basis of Preparation of Financial Statements :

These financial statements have been prepared and presented under the historical cost convention and accrual
basis of accounting, unless otherwise stated, and in accordance with the generally accepted accounting principles
(“GAAP”) in India and Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI)
and conform to the statutory requirements prescribed under the State Financial Corporations’ (SFCs) Act,
1951 circulars and guidelines issued by the Small Industries Development Bank of India (SIDBI).

2. Use of Estimates :

The preparation of financial statements requires estimates and assumptions to be made that affect the reported
amount of assets and liabilities on the date of the financial statements and the reported amount of revenues
and expenses during the reporting period. Difference between the actual results and estimates are recognised
in the period in which the results are known/materialised.

3. Revenue Recognition :

i. Interest on Loans and Advances is accounted on accrual basis except interest on advances identified as
Non Performing Assets (NPAs) as per the guidelines of SIDBI which is accounted on the basis of receipt of
cash/ cheques and realization thereof.

ii. Investigation fees, up-front fees, etc are accounted on the basis of receipt.

iii. Dividend income is accounted on declaration of dividend for the relevant year.

iv. Interest on investments is accounted on accrual basis.

v. Residual income is accounted on accrual basis.

vi. Service tax/VAT collections are treated as liabilities and input credits and payments are adjusted against
the liability.

4. Fixed Assets and Depreciation:

i. Fixed Assets, including leased assets but excluding free and leasehold lands, buildings are accounted for on
historical cost basis.

ii. Free and leasehold land and buildings are stated at revalued amounts based on market value as on
31st March 2008 on the basis of technical evaluation and reduced by the amounts transferred to profit and
loss account, each year

51
 iii. Costs directly incurred on acquisition / taken over assets are capitalized.

iv. Depreciation is provided on straight line method at the following rates :

1. Building 4%
2. Furniture & Fixtures 10%
3. Fans & Electrical fittings, Internal Telephones and Equipments 15 %
4. Motor car, Bicycles, Computer and Motor Cycles 20 %

v. Depreciation on additions made during the year is provided for the full year and in respect of sale / disposal
no depreciation is provided in the year of sale / disposal.

vi. Revalued amounts in respect of buildings, including building on lease-hold land, are depreciated over the
remaining useful life of the asset. Revalued amount in respect of land at No 1/1, Thimmaiah Road, Bangalore-52
is amortised over the balance lease period, commencing from FY 2008-09.

vii. Depreciation on account of revaluation of assets is debited to profit and loss account with a corresponding
withdrawal of amount from the Revaluation Reserve account from the year following the year of revaluation.

viii. Depreciation on all the leased assets is provided on straight - line method over the primary period of lease.

ix. Assets whose actual cost does not exceed ` 5,000 are fully depreciated in the year of purchase.

x. Depreciation on additions or extensions that become an integral part of the existing assets is provided
over the remaining useful life of the asset.

5. Lease Accounting

The guidance note on “Accounting for lease” issued by the Institute of Chartered Accountants of India (ICAI)
has been adopted in respect of assets given on lease and the lease equalisation / terminal adjustment is
provided on the basis of schedule of lease rentals due over the period of lease for lease transactions. Accounting
Standard 19 issued by ICAI has been adopted in respect of assets given on lease and Hire Purchase.

6. Investments

Investments are classified as “Held for Maturity” and “Available for sale” category and provision for net
diminution in the value of investment is made as per the guidelines issued by RBI/SIDBI.

7. Advances

Loans and Advances, including Hire Purchase Advances are classified as Standard, Sub-standard, Doubtful and
Loss assets based on the prudential norms prescribed by SIDBI. Necessary provisioning required thereon has
also been arrived at as per the SIDBI guidelines. Provisions have been netted off against loans and advances /
other dues.

52
8. Appropriation of Repayments

i. Loan receipts are appropriated as follows

a. Other debits / dues

b. Interest

c. Principal

ii. (A) Receipts in cases of appropriation of sale proceeds of financed assets taken over under Section 29 of
the SFCs ACT 1951, are appropriated as follows:

a. Principal

b. Other debits / dues

c. Interest

(B) in respect of sale proceeds of other secured assets appropriation is done as per clause (i) above.

iii. Appropriation in case of One time settlements (OTS) is based on the specific approvals.

9. Staff Benefits (AS 15)

i. Contributions to the employees’ provident fund are recognized as an expense at the un-discounted amount
in the profit and loss account of the year in which the related service is rendered.

ii. Post employment and other long term employee benefits viz., Contribution to Gratuity, Leave encashment
etc, are recognized as an expense in the profit and loss account for the year in which the employee has
rendered services. The expense is recognized at the present value of the amount payable determined
using actuarial valuation techniques. Actuarial gains and losses in respect of post employment and other
long-term benefits are charged to the profit and loss account.

iii. The compensation paid towards VRS expensed in the year of incidence.

10. Impairment of Assets (AS 28)

An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment
loss is charged to the profit and loss account in the year in which an asset is identified as impaired. The
impairment loss recognized in prior accounting period is reversed if there has been a change in the estimate of
recoverable amount.

11. Borrowing costs (AS 16)

Borrowing costs that are attributable to the acquisition or construction of qualifying asset are capitalized as
part of the cost of such assets. A qualifying asset is one that takes necessarily substantial period of time to get
ready for its intended use. All other indirect costs are charged to revenue.

53
12. The corporation follows the guidelines of Segment Reporting as required under AS 17 issued by ICAI.

13. Provisions for Current and Deferred Tax (AS 22)

Provision for current tax is made after taking into consideration benefits admissible under the provisions of
the Income Tax Act, 1961. Deferred tax resulting from “timing differences” between taxable and accounting
income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the
balance sheet date. The deferred tax asset is recognised and carried forward only to the extent that there is a
virtual certainty that the asset will be realised in future.

14. Provision, Contingent Liabilities and Contingent Assets: (AS 29)

Provisions involving substantial degree of estimation in measurement are recognised when there is a present
obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent
Liabilities are not recognised but are disclosed in the notes. Contingent Assets are neither recognised nor
disclosed in the financial statements.

For Karnataka State Financial Corporation

Vasant Kumar L B Nilogal Ritesh Kumar Singh, IAS I S N Prasad, IAS

General Manager(C-I) Executive Director-II Managing Director Chairman

Director As per our Report of even date

For A R Viswanathan & Co.,
Sri Anadi Charan Sahu Chartered Accountants
Firm Registration No. 004765 S

(CA A R LAKSHMINARAYANAN)
Partner
Membership No.011820
Place : Bangalore Place : Bangalore
Date : 14.07.2016 Date : 15.07.2016

54
 ADDITIONAL DISCLOSURE AS PER SIDBI GUIDELINES
(A) CRAR :
(Amount : ` in Lakh)
Sl. 31-MAR-2016 31-MAR-2015
No.
CAPITAL
Core capital 80956.98 78937.98
Supplementary capital 2888.39 2991.28
Total capital 83845.37 81929.26

Risk Weighted Assets(Net) (Rs. in lakh) 241101.68 251093.88

CRAR (%)
Core CRAR 33.58 31.44
Supplementary CRAR 34.78 32.63

(B) SHARE HOLDING PATTERN AS ON 31-3-2016

(Amount : ` in Lakh)
No. Category No of shares % of holding
CAPITAL
1 Government of Karnataka 66009453 95.33%
2 Small Industries Development Bank of India 3210385 4.64%
3 Insurance Companies, investment trustsand other
financial institutions 16100 0.02%
4 Public Sector Banks 7900 0.01%
5 Other parties 2465 -
TOTAL: 69246303 100.00

(C) ASSET QUALITY AND CREDIT CONCENTRATION:

a. Percentage of net NPAs to net loans and advances : 8.82% (5.07%)
b. Amount and percentage of net NPAs under the prescribed asset classification categories
Net NPAs Percentage
(` in lakh)
Sub-standard assets 9996.88 5.79
(5485.24) (3.09)
Doubtful assets 5241.65 3.03
(3520.90) (1.98)
Total : 15238.53 8.82
(9006.14) (5.07)
Figures in bracket indicate previous year’s figures

55
(D) PARTICULARS OF ACCOUNTS RESTRUCTURED

No. of Borrowers 40
Standard (108)
advances Amount outstanding (` in lakh) 7844.44
restructured (11117.44)
Sacrifice (diminution in the fair value) (` in lakh) 93.61
No. of Borrowers 15
Sub Standard (6)
advances Amount outstanding (` in lakh) 6434.09
restructured (124.95)
Sacrifice (diminution in the fair value) 0.24
No. of Borrowers 12
Doubtful
(5)
advances Amount outstanding (` in lakh) 627.26
restructured (93.22)
Sacrifice (diminution in the fair value) (` in lakh) 28.97
No. of Borrowers 67
(119)
TOTAL : Amount outstanding (` in lakh) 14905.79
(11335.61)
Sacrifice (diminution in the fair value) (` in lakh) 122.82
(114.64)

Figures in bracket indicate previous year’s figures Restructuring under CDR Mechanism & SME Debt Restructuring-Nil, PY-Nil

(E) AMOUNT OF PROVISIONS/WRITE OFF MADE DURING THE YEAR TOWARDS STANDARD ASSEST, NPAs,
INVESTMENTS (OTHER THAN THOSE IN THE NATURE OF AN ADVANCE, INCOME TAX

(Amount : ` in Lakh)
Assets Provisions/Write Off
2015-16 2014-15
Standard Assets 62.88 13.10
NPAs (3364.99) (2975.36)
Investments (175.77) 72.29
Total : (3477.88) (2889.97)

Note : Figures in brackets indicate the additional provision made towards NPAs and figures other than in bracket
indicate the withdrawal of excess provision made.

56
(F) MOVEMENT IN NET NPAs :

(Amount : ` in Lakh)
Particulars 31.03.2016 31.03.2015
Opening balance 9006.14 4608.55
Add: Additions 13289.08 8387.43
Less : Recovery during the year 7056.69 3989.84
Closing balance 15238.53 9006.14

(G) CREDIT EXPOSURE AS PERCENTAGE TO CAPITAL FUNDS AND AS PERCENTAGE TO TOTAL ASSETS IN RESPECT OF

Sl. Assets % to capital funds % to total assets

No.
1 The largest single borrower 1.49 0.61
2 The 10 largest single borrowers 10.51 4.32

(H) CREDIT EXPOSURE TO FIVE LARGEST INDUSTRIAL SECTOR AS % TO LOAN ASSETS

Sl. % to loan assets

no.
1 Hospitality 26.01
2 Construction industries 12.89
3 Food excluding beverages 10.50
4 Non metallic minerals 9.52
5 Metallic products 5.37

(I) LIQUIDITY : as on 31-03-2016

(Amount : ` in Lakh)
Items Less than More than More than More than More than Total
or equal to 1 year & 3 years & 5 years & 7 years
1 year upto 3 years upto 5 years upto 7 years
Rupee assets 49565.26 79828.30 40394.11 11720.47 411.44 181919.58
Rupee liabilities 6844.31 20424.54 43618.26 32500.00 52501.63 155888.73
Surplus/(Deficit) 42720.95 59403.76 -3224.15 -20779.53 -52090.19 26030.85
Cum Surplus/(Deficit) 42720.95 102124.71 98900.56 78121.03 26030.85 26030.85
% Surplus/(Deficit) 624.18 290.85 -7.39 -63.94 -99.21 16.70

57
(J) OPERATING RESULTS :

2015-16 2014-15
a) Interest income as a % to average working funds 15.60 10.75
b) Non- interest income as a % to average working funds 1.94 2.19
c) Operating profit as a % to average working funds 1.83 3.44
d) Return on average assets % 1.22 1.69
e) Net profit per employee (` in Lakh) 3.35 4.36

(K) DETAILS OF GROSS ADVANCES, GROSS NPAs, NET ADVANCES AND NET NPAs
(Amount : ` in Lakh)
Particulars Amount
1 Standard Advances 157437.64
2 Gross NPAs* 24512.59
3 Gross Advances** (1+2) 181950.23
4 Gross NPAs as a percentage of Gross Advances (2/3) (in%) 13.47%
5 Deductions
(i) Provisions held in the case of NPA Accounts as per asset classification
(including additional Provisions for NPAs at higher than prescribed rates) 9151.24
(ii) DICGC / ECGC claims received and held pending adjustment —
(iii) Part payment received and kept in Suspense Account or any other similar account —
(iv) Balance in Sundries Account (Interest Capitalization – Restructured
Accounts), in respect of NPA Accounts —
(v) Floating Provisions*** —
(vi) Provisions in lieu of diminution in the fair value of restructured accounts
classified as NPAs 29.21
(vii) Provisions in lieu of diminution in the fair value of restructured accounts
classified as standard assets 93.61
6 Net Advances (3-5) 172676.17
7 Net NPAs {2-5( i + ii + iii + iv + v + vi)} 15238.53
8 Net NPAs as percentage of Net Advances (7 / 6) (in%) 8.82%

* Principal dues of NPAs plus Funded Interest Term Loan (FITL) where the corresponding contra is parked in
Sundries Account (Interest Capitalization – Restructured Accounts), in respect of NPA Accounts

** For the purpose of this Statement Gross Advances mean all outstanding loans and advances including advances
for which refinance has been received but excluding rediscounted bills, and advances written off at Head
Office level

58
 KARNATAKA STATE FINANCIAL CORPORATION
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31st MARCH 2016

(Amount : ` in Lakh)
Particulars Year Ended Year Ended
31-03-2016 31-03-2015
Opening Balance:
— Cash 47.04 64.70
— Bank balances 3651.50 3778.98
— Fixed Deposit with Banks 4699.36 6094.21
Sub Total (A) 8397.90 9937.89
Add: Cash Inflow
Share Capital
— Amount received on Share Application 7500.00 7500.00
Bonds and debentures
— Secured (guaranteed bonds and others) 0.00 48500.00
— Unsecured
Borrowings
— Term Loan from SBH 200.00 0.00
Deposits
— Other deposits 64.89 16873.81
Sale of Investments
— Investments in nature of loans and advances 0.00 0.93
(b) Others
Loans and advances – Recoveries 58474.57 55549.54
— Term loans (including working capital) 0.00 3.92
— HPFS 0.00 0.00
— Margin Money 0.00 0.00
Subsidy received from State Government 15569.12 4500.00
Subsidy received from Others 111.52 158.76
Other Inflows 0.00 0.00
Sale of fixed assets 8.27 26.63
Net decrease in working capital 959.15 0.00
Cash inflow from operations 7146.11 8432.69
Total Cash Inflow (B) 98431.53 151484.17

59
 KARNATAKA STATE FINANCIAL CORPORATION
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31st MARCH 2016

(Amount : ` in Lakh)
Particulars Year Ended Year Ended
31-03-2016 31-03-2015
Less: Cash Outflow
Repayment of Bonds and debentures
— Secured (guaranteed bonds and others) 6840.00 2685.00
Repayment of Borrowings
— SIDBI Refinance 0.00 45000.00
— SIDBI SSC 21.27 102.80
— Scheduled banks 0.00 0.00
— Margin Money 0.00 0.00
Repayment of Deposits
— Other deposits 5117.37 29219.64
Purchase of Investmens
(a) Others- Inv in Insurance Cos 776.12 467.40
— Investments in nature of loans and advances
(b) Others 0.00 0.00
Disbursements of Loans and advances:
— Term loans ( including working capital) 56636.42 55362.41
— Margin Money
Purchase of fixed assets 42.69 12.90
Subsidy disbursed from Amounts received from State Government for Subsidy 10975.98 7173.01
Subsidy disbursed from Amts received from Others 111.52 158.76
Other Outflows 1496.83 1049.77
Net increase in working capital 0.00 1854.58
Cash outflow from operations 0.00 0.00
Sub-Total ( C ) 82018.20 143086.27
Closing balances:
— Cash 74.93 47.04
— Bank Balances 7336.46 3651.50
— Fixed Deposit with Banks 9001.94 4699.36
Closing Balances Sub-total (D) 16413.33 8397.90
Total Outflow (C+D) 98431.53 151484.17

60
 KARNATAKA STATE FINANCIAL CORPORATION
BONDS OUTSTANDING POSITION
(Amount : ` in Lakh)
Sl. Series Description Outstanding Bonds Bonds Outstanding
No. No. ISIN of bond Redemption as on Issued Redeemed as on
31-03-2015 31-03-2016
1 5 INE549F KSFC 7.45% 30%,30%,40% 3580.00 0.00 3580.00 0.00
08434 Bonds 2016 on
28-01-2014
28-01-2015
28-01-2016
2 6 INE549F KSFC 7.64% 50% each on 10000.00 0.00 3260.00 6740.00
08442 Bonds 2018 28-01-2017
28-01-2018
3 7 INE549F KSFC 8.39% 25% 10000.00 0.00 0.00 10000.00
09051 Bonds 2019 13-02-2018
75%
13-02-2019
4 8 INE549F KSFC 8.23% Bullet 7700.00 0.00 0.00 7700.00
08459 Bonds 2020 Payment on
27-01-2020
5 9 INE549F KSFC 8.39% Bullet 12300.00 0.00 0.00 12300.00
08467 Bonds 2020 Payment on
24-06-2020
6 10 INE549F KSFC 8.60% Bullet 10000.00 0.00 0.00 10000.00
08475 Bonds 2022 Payment on
25-01-2022
7 12 INE549F KSFC 9.23% 30%,35%,35% 10000.00 0.00 0.00 10000.00
08483 Bonds 2019 on
02.01.2017
02.01.2018
02.01.2019
8 13 INE549F KSFC 9.49% Bullet 10000.00 0.00 0.00 10000.00
08491 Bonds 2023 Payment on
02-01-2023
9 14 INE549F KSFC 9.24% 50% each on 20000.00 0.00 0.00 20000.00
08509 Bonds 2024 18-10-2023
18-10-2024
10 15 INE549F KSFC 9.08% 25% each on 20000.00 0.00 0.00 20000.00
08517 Bonds 2025 04-02-2022
04-02-2023
04-02-2024
04-02-2025
11 16 INE549F KSFC 9.19% 35%,35%,40% 25000.00 0.00 0.00 25000.00
08525 Bonds 2024 on
01-09-2022
01-09-2023
01-09-2024
12 17 INE549F KSFC 8.58% 60%,40% 23500.00 0.00 0.00 23500.00
08533 Bonds 2020 on
26-12-2019
26-12-2020
Total 162080.00 0.00 6840.00 155240.00

61
 DEBENTURE TRUSTEE CONTACT DETAILS
FOR KSFC PRIVATE PLACEMENT BOND ISSUES

1) Vijaya Bank
Merchant Banking Division, Head Office, 41/2, M.G. Road, Bangalore - 560 001
Tel No : (080) 25584066, Extension : 328
Email : merchantbkg@vijayabank.co.in
Bond description KSFC 7.64% Bonds 2018
ISIN INE 549F08442

2) Canara Bank
Debenture Trust Department
Executor, Trustee & Taxation Section BgSE Towers,
No 51, 1st Cross, J C Road, Bangalore - 560 027
Tel No : (080) 22239186 / 22223170, Fax No : (080) 22233849
Email : dt@canbank.com

Bond KSFC 8.39% KSFC 8.23% KSFC 8.39% KSFC 8.60% KSFC 9.23% KSFC 9.49% KSFC 9.19% KSFC 8.58%
description Bonds 2019 Bonds 2020 Bonds 2020 Bonds 2022 Bonds 2019 Bonds 2023 Bonds 2024 Bonds 2020
ISIN INE 549F INE 549F INE 549F INE 549F INE 549F INE 549F INE549F INE549F
09051 08459 08467 08475 08483 08491 08525 08533
3) SBICAP Trustee Company Limited
Company Secretary,
SBICAP Trustee Company Limited
Apeejay House, 6th Floor, 3, Dinshaw Wachha Road,
Churchgate, Mumbai – 400 020
Tel No : 022-43025503 Fax No : (022) 22040465
Email : corporate@sbicaptrustee.com

Bond description KSFC 9.24% Bonds 2024 KSFC 9.08% Bonds 2025
ISIN INE 549F08509 INE 549F08517

Related party disclosures as specified in Para A of Schedule V of SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015.

Particular Outstanding The maximum amt.

amount at the year end outstanding during
the year
Loans and advances in the nature of loans to subsidiaries
by name and amount. Nil Nil
Loans and advances in the nature of loans to associates
by name and amount. Nil Nil
Loans and advances in the nature of loans to firms / companies
in which directors are interested by name and amount. Nil Nil
Investments by the loanee in the shares of parent company
and subsidiary company, when the company has made a
loan or advance in the nature of loan. Nil Nil

62
 KARNATAKA STATE FINANCIAL CORPORATION
Head Office : KSFC Bhavan, No. 1/1, Thimmaiah Road, Bengaluru - 560052.
Phone : 080-2226 3322 / Fax : 080-2225 0126 / 2225 0136 e-mail : info@ksfc.in Website : www.ksfc.in
Branch Offices : At all District Headquarters
BENGALURU CIRCLE (CIRCLE - I)
1. Jayanagar Branch Office 5. Tumakuru Branch Office
8th Floor, Jayanagar shopping Complex, Special Plot No.2, Indl.Estate, BH Road,
4th Block, Jayanagar, BENGALURU - 560 011. TUMAKURU - 572 103.
Phone No. : 080-26637565 & 26657565 Phone No. : 0816 - 2280089 & 2280027.
email : jnag@ksfc.co email : tmk@ksfc.co
2. M G Road Branch Office 6. Kolar Branch Office
No. 18, Krishi Bhavan, 2nd Floor, Hudson Circle, CRS Complex, Near KSRTC Bus Stand,
Nrupathunga Road, BENGALURU - 560 001. MB Road, KOLAR - 563 101.
Phone No. : 22105881, 22105882 & 22105883 Phone No. : 08152-224757 & 222537.
email : mgrd@ksfc.co email : klr@ksfc.co
3. Rajajinagar Branch Office 7. Ramanagar Branch Office
No. 197, 2nd Floor, West of Chord Road, IInd Stage Khatha No. 642/2304/2085/1447-A/1447-B,
Rajajinagar Ist Block, BENGALURU - 560 086. Vidyanagar, opposite to Zilla Panchayath Office
Phone No. : 080-23494628, 23593270 & 23495821 RAMANAGAR - 562 159.
email : rnag@ksfc.co Phone No. : 27274401/02 email : rmr@ksfc.co
4. Bengaluru Rural Branch Office 8. Chickballapur Branch Office
No. 197, 1st Floor, West of Chord Road, IInd Stage ‘Yashodha Complex’, Adjacent to State Bank of India,
Rajajinagar Ist Block, BENGALURU - 560 086. No.271/1, IInd Floor, Shidlaghatta Bagillu B B Road,
Phone No. : 080-23197995 & 23197996 CHICKBALLAPUR - 562 101.
email : rur@ksfc.co Phone No. : 08156-270117 email : cbl@ksfc.co

MYSURU CIRCLE (CIRCLE - II)

1. Udupi Branch Office 5. Madikeri Branch Office
3rd Floor, Anantha Towers, Court Road, # L-8, Indl.Estate,
UDUPI - 576 101 MADIKERI - 571 201
Phone No. : 0820-2526305 & 2524033 Phone No. : 08272 - 228588 & 228143.
email : udp@ksfc.co email : mdk@ksfc.co
2. Hassan Branch Office 6. Chamarajanagar Branch Office
Race Course Road, HASSAN - 573 201 SPS Complex, 1st Floor, Vaniyar Road,
CHAMARAJANAGAR - 571 313
Phone No. : 08172-268703 & 265429 Phone No. : 08226 - 222150 & 222801.
email : hsn@ksfc.co email : chm@ksfc.co
3. Chikkmagaluru Branch Office 7. Mysuru Branch Office
PB No. 168, Near Dist. Field, No.13, 13/1, 8th Cross,
Hosamane Extension Road, Kamakshi Hospital Road, Saraswathipuram,
CHIKKAMAGALURU - 577 101 MYSURU - 570 009
Phone No. : 08262- 230447 & 234045 Phone No. : 0821 - 2344930 & 2344524
email : ckm@ksfc.co email : mys@ksfc.co
4. Mangaluru Branch Office 8. Mandya Branch Office
No. 330/50, 3rd Floor, No.153/A, Near DC Office,
Somayaji House, PB #750, Bunt’s Hostel Road, Opp. Mount Carmel Convent,
MANGALURU - 575 003 K R Road, Subhash Nagar, MANDYA - 571401
Phone No. : 0824 - 2443554 & 2443051 Phone No. : 08232 - 226744 & 226745.
email : mng@ksfc.co email : mnd@ksfc.co

63
 KARNATAKA STATE FINANCIAL CORPORATION
Head Office : KSFC Bhavan, No. 1/1, Thimmaiah Road, Bengaluru - 560052.
Phone : 080-2226 3322 / Fax : 080-2225 0126 / 2225 0136 e-mail : info@ksfc.in Website : www.ksfc.in
Branch Offices : At all District Headquarters
DHARWAD CIRCLE (CIRCLE - III)
1. Dharwad Branch Office 6. Davangere Branch Office
Poona Bangalore Road, Rayapur, No. 1179/1, S Nijalingappa Extension, Near Ring Road,
DHARWAD - 580 009.
DAVANGERE - 577 004.
Phone No. : 0836 - 2322235 & 2322700
email : dwd@ksfc.co Phone : 08192 - 225660 & 225049 email : dvg@ksfc.co

2. Gadag Branch Office 7. Shivamogga Branch Office

LL Building, Field Marshal K M Cariappa Circle, Devaraj Urs Commercial Complex
GADAG - 582 101. Phone No. : 08372 - 220502 & 220541 1st Floor, TSB Circle (Gopi Circle),
email : gdg@ksfc.co Near Hotel Woodland, Nehru Road,
3. Koppal Branch Office SHIVAMOGGA - 577 201
No.37, 1st Floor, Opp DC Office, Hosapete Road, Phone No. : 08182 - 229236 email : smg@ksfc.co
KOPPAL - 583 231. Phone No. : 08539-225004 & 225005.
email : kpl@ksfc.co 8. Chitradurga Branch Office
4. Haveri Branch Office Behind Basaveshwara Theatre,
Neelana Goudra Complex Near IB, CHITRADURGA - 577501
Opp. LIC Office, PB Road, HAVERI - 581 110. Phone No. : 08194 - 224411 & 224410
Phone No. : 08375 - 232362 & 233772. email : ctd@ksfc.co
email : hvr@ksfc.co
9. Karwar Branch Office
5. Ballari Branch Office
1st Floor, Raikar Manor, Kaikini Road,
No.86/2 & 88/2, Hosapete Road
Ward No.21, Near DIC, BALLARI - 583 102. KARWAR - 581 301
Phone No. : 08392 - 242719, 242105 & 242106 Phone No. : 08382 - 221006 & 221888.
email : blr@ksfc.co email : kwr@ksfc.co

KALABURAGI CIRCLE (CIRCLE - IV)

1. Bidar Branch Office 4. Vijayapura Branch Office

st Near Ibrahimpur Rly. Gate,
8-9-16, Rachamma Complex, 1 floor,
Basavana Bagewadi Road, VIJAYAPURA - 586 101.
Bidar-Udgir Road, Near Jail, BIDAR - 585 401. Phone No. : 08352 - 276102 & 277032
Phone No. : 08482 - 228236 & 226381 email : bjr@ksfc.co
email : bdr@ksfc.co 5. Bagalkot Branch Office
Plot No.18-21, 6th Main Road, G Cross,
2. Kalaburagi Branch Office Sector No.24, Navanagar, BAGALAKOT - 587 102.
No. 2-917/1, KSCA&RD Bank Building, Phone No. : 08354 - 235478 & 235482
Opp: Hindi Prachara Sabha, Govt. Hospital Road, email : bgk@ksfc.co
KALABURAGI - 585 105. 6. Raichur Branch Office
Plot No.7, MP No.1-1-53,
Phone No. : 08472 - 221407 email : glb@ksfc.co
Udayanagar, Station Road, RAICHUR - 584 101.
3. Yadgir Branch Office Phone No. : 08532 - 227028 email : rch@ksfc.co
1.No. 5-2-20 (old) 5-5-105 (new) 7. Belagavi Branch Office
Opp. Forest Office, Railway Station Road, 2nd & 3rd floor, Hotel Sanman Compound,
College Road, BELAGAVI - 590 001
YADGIR - 585 202 Phone No. : 0831 -2429243 & 2426369
Phone : 08473 - 250375 email : ydg@ksfc.co email : bgm@ksfc.co

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