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Our Bureau

Kochi, Sept. 22 The performance of all banks and government departments on priority sector lending and disbursements under government-sponsored schemes and other poverty alleviation programmes implemented by the Government in Ernakulam district has been far below the fixed target.

The performance as on March 31 under District Credit Plan for the year 2008-09 pointed out that the quarterly achievement in the total priority sector up to June this year is only Rs 711.69 crore as against the yearly target of Rs 4,228.08 crore.

The agriculture sector achieved only Rs 263.29 crore for the quarter ended June against the target of Rs 1,085.07 crore.

The Micro Small and Medium Enterprise (MSME) sector registered only Rs 43.26 crore up to June as against the yearly target of Rs 453.14 crore.

The Ernakulam District Collector, Dr M. Beena, during the district level review and Consultative Committee meeting, expressed concern to the bankers for the low achievement of the district credit plan.

She pointed out that Ernakulam is a development capital, but the strides of growth have not been reflected in the figures.

She exhorted the bankers to involve themselves seriously in the implementation of all government sponsored schemes and to see that the position is improved by next quarter.

Mr V.I. Mathew, DGM, Union Bank of India, touched upon the recent global financial turmoil and the impact of the same in the economy. He emphasised the need for banks to achieve the district credit plan targets.

Mr K.D. Joseph, AGM, RBI, spoke on the recent RBI guidelines with regard to agricultural debt waiver and debt relief scheme-2008 and the IT-enabled financial inclusion.

The sector-wise review of the district credit plan was undertaken by Mr A.V.V. Subramanian, AGM, NABARD, Ernakulam.

The total amount written off under the agricultural debt waiver and debt relief scheme in Ernakulam district is Rs 99.58 crore spread to 38,496 beneficiaries.

The Ernakulam district alone has sanctioned educational loan of Rs 45.61 crore to 1,204 students from April to June.

More Stories on : Credit Market | SSI | Kerala

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