Banks must look at funding more for water and watershed management projects since they are assets for future generations, according to the Member of Parliament, Mr A. Sampath.
He said this while addressing the district-level review committee meeting of banks held here.
Minor irrigation projects should also be considered for targeted funding. Credit disbursement in this sector has been less than inspiring, he told the district-level bank officials.
Mr Sampth also released the annual credit plan for Thiruvananthapuram district for 2012-13. It envisages disbursement of Rs 6,452 crore under the priority sector.
The break-up of this figure under individual components is Rs 2,792 crore for agriculture; Rs 510 crore for small and medium enterprises; and Rs 3,150 crore for the service sector, a spokesman for the DLRC said.
Banks in the district had disbursed Rs 5,125 crore for the priority sector until December 2011 against a target of Rs 5,394 crore for the entire 2011-12, he added.