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Agri-Biz & Commodities - Farm credit
States - West Bengal
Bengal aims for more agri-lending

Our Bureau

Kolkata, Sept. 12 The West Bengal Government is keen to ensure that all districts in the State have 100 per cent financial inclusion by the 11th Plan.

The State, which has seen a little over Rs 3,500 crore come by way of agri-lending by banks in 2006-07, has also underlined the need for greater involvement by lending institutions on this front.

Agri lending should Rs 5,000 crore by the close of this fiscal, it is expected. In the first quarter, West Bengal recorded a 16 per cent growth in agri-lending. Co-operative banks scored better than commercial banks in this respect.

The 100th meeting of the State Level Bankers’ Committee, which took place here today, stressed on the need for more self-help groups in West Bengal. The number of SHGs stood at 5.9 lakh or so in March this year.

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