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District credit plan fixed
Our Bureau
Thiruvananthapuram
April 10
Commercial banks, cooperative institutions and the Kerala Finance Corporation have together proposed an annual credit plan of Rs 2,879.66 crore in priority sector disbursements for Thiruvananthapuram district for the fiscal 2007-08.
This has since been approved and launched, said Mr Abraham Shaji John, Lead District Manager of Indian Overseas Bank. The agricultural sector has been allocated Rs 1,200.43 crore; the non-farm sector Rs 191.38 crore and other priority sectors Rs 1,487.84 crore.
PRIORITY CREDIT
Priority credit disbursements by banks at the end of the first nine months of fiscal 2006-07 have crossed Rs 1,546.73 crore against the annual target of Rs 2186.76 crore. This represents achievement of 70.73 per cent of the target, as revealed during the district consultative committee of banks conducted by IOB, the Lead Bank.
Agriculture sector recorded the highest quantum at Rs 730.57 crore (92 per cent of target) while the services sector registered Rs 757.80 crore (62 per cent), followed by industries (Rs 58.42 crore, 33 per cent). Mr R. Laxmi Narasimhan, Deputy General Manager of IOB, attended the consultative committee.
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