KOCHI: District Collector M.Beena has called for special attention to lending to micro, small and medium enterprises.
She stressed the importance of inclusive growth. She was addressing the meeting of the district-level consultative committee for banking development, convened here.
A review of the performance of the banks during the quarter from June to September, 2009, revealed that the deposits increased by about Rs.300 crore.
The advances increased by Rs.1,756 crore. Under the district credit plan, there was 50 per cent achievement in the priority sector.
The lending to agriculture went up by Rs.209.23 crore while the advances to small scale industry increased by Rs.373.54 crore.
The priority sector advances increased by Rs.378.46 crore.
The lending for other priority sector showed a decline by Rs.348.74 crore. A total of 3967 education loans totalling Rs.626.51 crore were sanctioned during the quarter. K.P. Dhanapalan, MP; V.I.Mathew, Deputy General Manager; Union Bank of India, K.D. Joseph, AGM, Reserve Bank of India; A.V. V.Subramaniam, AGM, NABARD; K.R. Jayaprakash, Lead District Manager, and other officials participated in the meeting.