The Hindu Business Line : Banks disburse Rs 1,982 cr to priority sector in Kerala

The banks have targeted to disburse total advances of Rs 10,495 crore to the priority sector in the State in the current year. Of this, Rs 3,570 crore has been earmarked for agricultural purposes, Rs 1,513 crore for the small-scale industrial sector and Rs 5,412 crore for other sectors.

According to the statistics presented at the two-day review meeting of the State Level Bankers' Committee, which concluded here on Wednesday, of the Rs 1,982 crore disbursed till June 30, the agricultural sector accounted for Rs 690 crore, while the small-scale sector received Rs 256 crore.

At the end of the period under review, the total deposits at commercial banks in Kerala stood at Rs 61,776 crore, out of which the non-resident deposits were to the tune of Rs 28,870 crore. The total advances were at Rs 27,585 crore, while advances and investments totalled Rs 30,248 crore.

Under the Prime Minister's Rozgar Yojana scheme, the banks are aiming at covering 20,350 beneficiaries in the current year, the meeting was informed.

The credit-deposit ratio of commercial banks as on June 30 was at 44.65 per cent. A break-up of the figure showed that the CD ratio of public sector banks stood at 44.21 per cent, other commercial banks 42.49 per cent, foreign banks 39.17 per cent and regional rural banks 94.08 per cent. The overall ratio was higher at 48.96 per cent when credit and investments were taken together.

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