The Hindu Business Line : Banks to assist coconut scheme in Kerala

THE commercial banks in Kerala have decided to extend assistance at liberal terms and conditions to the Rs 1,928-crore coconut rejuvenation scheme proposed by the State Agriculture Department.

The State Level Bankers' Committee (SLBC) meeting, held here on Tuesday, also directed all banks to extend education loans to needy students in the State pursuing professional education.

The meeting noted that the non-resident deposits in the State have been coming down. Also, the domestic deposits have not grown at the rate achieved in the previous year.

The credit-deposit ratio of commercial banks in the State has registered an increase of 10.70 percentage points since March 2004 to reach 59.01 per cent.

The banks disbursed Rs 18,387 crore to the priority sector in 2004-05, which was 115 per cent of the target of Rs 15,995 crore. Out of the total disbursement, Rs 6,854 crore was for the agriculture sector, Rs 2,520 crore for the small-scale sector and Rs 9,013 crore for other priority sectors.

The total deposits of the banks as on March 31, 2005, touched Rs 69,396 crore. Out of this, the NRE deposits accounted for Rs 29,120 crore.

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