Banks have converted 18,552 crop loans into term loans involving Rs. 179.69 crore and rephased 66,434 term loan accounts with a total credit of Rs 807.07 crore.

Addressing the State-Level Bankers’ Committee (SLBC) meeting here on Monday, SyndicateBank Chairman and Managing Director M.G. Sanghvi, who is also the chairman of the SLBC, said the banks have rescheduled loans under drought-relief measures in 157 drought-hit taluks. The banks have also given fresh crop loans to 4,223 farmers with credit limit of Rs. 44.89 crore and extended 1,662 fresh term loans involving credit limit of Rs. 59.58 crore, Mr. Sanghvi said.

Under the Bhoomi-Bank Integration, the banks have carried out 22,720 online transactions up to December 24 during the year.

Additional Chief Secretary Kaushik Mukherjee said the banks have to improve the quality of lending to eliminate non-performance assets (NPA) gradually. The Revenue Department officials would help bankers recover loans given to priority and non-priority sectors.

Uma Shanker, Regional Director, RBI, Bangalore, said other States are ahead of Karnataka in lending to agriculture sector. The commercial banks have been lagging behind in establishment of banks in unbanked areas of the State, she said.

National Bank for Agriculture and Rural Development (NABARD) S.N.A. Jinnah, also spoke. Principal Secretaries and Secretaries of various departments were present.

More In: KARNATAKA | NATIONAL