The Hindu Business Line : Kerala to become `total banking State' by June

Mr Alok K. Mishra, Executive Director of Canara Bank, who chaired the meeting, said this would mean that every household in the State would have at least one bank account and would be eligible for a general-purpose loan up to Rs 25,000.

The meeting also noted that the credit-deposit ratio in the State had reached 68.21 per cent, which represented an increase of 25 percentage points over March 2001.

It was decided that the relief package to farmers in Wayanad, Palakkad and Kasaragod districts would be fully implemented by March 2007. Besides, the meeting directed all banks to ensure that the agricultural sector in the State would be given loans to the tune of Rs 9,645 crore during the current financial year.

A working group will be formed to finalise the action plan for credit flow to the agricultural sector during the Eleventh Plan. The banks will also assist the government programme for production of handloom school uniforms.

LOAN WRITE-OFF

The meeting observed that the commercial banks in the State had written off loans of all farmers who committed suicide and this worked out to Rs 88 lakh of 240 farmers. It appealed to the State Government to reimburse the individual liabilities above Rs 1 lakh as promised.

All the eligible farmers in the State will be given Kisan Credit Cards by March 2007. The banks have so far sanctioned 21 lakh Kisan Credit Cards in the State.

The total bank deposits in the State had increased from Rs 70,708 crore in September 2005 to Rs 82,970 crore in September 2006, which worked out to a year-on-year growth of 17.34 per cent. The non-resident deposits stood at Rs 28,819 crore in September 2006, representing a growth of Rs 3,583 crore over September 2005.

The banks disbursed Rs 12,527.16 crore to the priority sector as at September 2006. This was 51.57 per cent of the annual target of Rs 24,290 crore for 2006-07.

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