The Hindu Business Line : Kerala registers Rs 1,156-cr growth in farm loans

Thiruvananthapuram, Jan. 3 The outstanding agricultural advances by commercial banks in Kerala recorded an increase of Rs 1,156 crore in the first half of the current financial year.

This was, however, slightly lower than the growth of Rs 1,180 crore recorded during the same period last year, according to figures compiled by the State Level Bankers’ Committee (SLBC). The outstanding agricultural advances stood at Rs 12,533 crore at the end of September 2007, which was 18.56 per cent of the total advances outstanding in the State. The year-on-year increase was Rs 3,094 crore, marking an increase of 32.78 per cent over Rs 9,439 crore recorded in September 2006.

Nationalised banks contributed the highest quantum growth in agricultural advances outstanding (Rs 485 crore) during the period, followed by private sector banks (Rs 253 crore).

As much as 54.94 per cent of the advances outstanding with the regional rural banks in the State was to the agriculture sector, while the State Bank group had the least outstanding in terms of percentage of agriculture advances to total advances.

More Stories on : Farm credit | Credit Market | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Kerala registers Rs 1,156-cr growth in farm loans

Punjab, Haryana may receive rainfall

Ban on cotton exports will harm farmers more

Madurai rubber cluster gets ‘in-principle’ approval

Spot rubber prices unchanged

Focus on dairy farming in Uttara Kannada

Ban maize exports by pvt trade: Poultry sector

Cotton lint prices stay firm

Dumping duty on raw silk imports extended

Speculative buying buoys pepper

Gold zooms past Rs 11,000 per 10 gm

India seeks effective cuts in overall farm support from rich countries