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P.S. Sundar

Coonoor April 15 Banks have fixed a target of Rs 306.28 crore as the outlay for agricultural activities in the Nilgiris for 2007-08.

This is 60 per cent of the total outlay of Rs 510.67 crore, including Rs 106.36 crore for SSIs and Rs 98.03 crore for other services.

Twenty-seven banks, including 17 nationalised banks, will divide the target among themselves.

Targets

For the agricultural sector, State Bank of India will have the highest target of Rs 59.15 crore, followed by Canara Bank, which is the lead bank, at Rs 59.01 crore.

Indian Bank will have a target of Rs 39.53 crore, UTI Bank Rs 30.17 crore, Union Bank of India Rs 24.38 crore, Central Bank Rs 17.91 crore and Syndicate Bank Rs 16 crore.

It is targeted that the banks will cover 97,196 accounts during the fiscal under agricultural activities.

Break up

The target break up is: 26,479 accounts at an outlay of Rs 78.96 crore by the end of the first quarter; 44,382 accounts worth Rs 151.83 crore by the second. For the third quarter, 61,953 accounts worth Rs 226.92 crore and 97,196 accounts worth Rs 306.28 crore by the end of the year.

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