Pillar: Economic Participation
Palakkad's credit-deposit ratio stands at 71.3, close to the typical district. 55.1% of credit goes toward productive, non-personal use, behind the typical district. Bank-led credit in the district is the channel that turns local deposits into loans for business.
74% of registered enterprises are in services while 26% are in manufacturing. Only 5% of employment is in small and medium enterprises. Higher secondary enrollment (classes 9–12) is 111%, likely reflecting students enrolling from neighbouring areas. Only 31% of ITI trainers are certified.
In Palakkad, which ranks 12 of 15 in Kerala for youth opportunity, the overall opportunity score is 53.8 out of 100. It runs ahead of the national picture on bank branches per lakh people at 18.8.
Mandated services and how to locate the Bank-Led Credit for Enterprise in Palakkad are in the Palakkad district course and the English reference guide (Hindi). See the Palakkad youth opportunity scorecard for the full district picture.