Special Correspondent

CD ratio in the State declines by 1 per cent

Performance under various schemes not satisfactory

PANAJI: The State-level Bankers’ Committee meeting held on Friday expressed concern over a poor 6 per cent share of agriculture credit in the State’s Annual Credit Plan for 2006-07.

Improvement

Narayan Raja, Chief General Manager, State Bank of India, Mumbai, said that agriculture credit in Goa improved from Rs. 62 crore in 2003-04 to Rs. 118 crore in 2006-07, reflecting an increase of 95 per cent.

But the share of agricultural credit in the Annual Credit Plan was poor, he said.

Mr. Raja, who inaugurated the meeting, expressed concern that the CD ratio in the State declined by 1 per cent as on March 31, 2007.

Stagnation

The CD ratio in the State had stagnated at 31 per cent in the past few years, he said. According to statistics, the performance under various government-sponsored schemes was not satisfactory.

Except SGSY, the targets under other schemes remain underachieved.

The main reason for this is poor sponsoring of inadequate number of applications.

Mr. Raja said, “The Government agencies should try their best to improve sponsoring, whereas the banks should initiate certain steps for the purpose, particularly publicising their schemes.”

More In: KARNATAKA | NATIONAL