Its performance was discussed at a meeting of the District Consultative Committee for Banking Development
Thiruvananthapuram district stands first in Kerala under all seven parameters in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
Thiruvananthapuram’s performance was discussed at a meeting of the District Consultative Committee for Banking Development, presided by District Collector K.N. Satheesh.
Financial institutions in the district disbursed credit to the tune of Rs.2,889 crore under three priority sectors for the year 2012-13, achieving 45 per cent of the target, the committee, which met here on Wednesday, was told.
The banks disbursed Rs.1,233 crore to the agriculture sector and Rs.1,501 crore to the services sector.
In the non-farm sector, which includes MSME credit, disbursement was Rs.154 crore.
Total bank deposits in the district stood at Rs.38,930 crore while advances totalled Rs.27,608 crore, registering a credit-deposit ratio of 71 per cent.
C. Haridas, Chief Regional Manager of Indian Overseas Bank and convenor of lead bank, K. Ravindran, Manager, Reserve Bank of India, and S. Sajeev, manager, NABARD, reviewed the performance of the banks.
V.R. Muralidhar, lead district manager and representatives of various banks participated.