All families in the district should be familiarised with the banking system by June 30
PATHANAMTHITTA: The District-Level Banking Review Committee (DLBRC) headed by District Collector Ashok Kumar Singh has released the annual District Credit Plan with a total outlay of Rs.2,410.21 crore for 2007-'08.
Releasing the Plan at the DLBRC meeting held here on Tuesday, the Collector said that the commercial banks in the district would give credit estimated at a total of Rs.1,476.63 crore in the priority sector during the next financial year.
As per the Credit Plan, in the priority sector, the banks will sanction credit worth Rs.602.66 in the agriculture and allied sector, Rs.67.75 crore in the non-farming sector and Rs.806.22 crore in the non-priority sector during 2007-'08.
The Collector said that all families in the district should be familiarised with the banking system by June 30.
He also stressed the need to augment agriculture production, especially the production of vegetables, in the district. Addressing the meeting, Assistant General Manager of the Reserve Bank of India Antony Kochumuttom has called upon the banks to adopt a liberal approach towards credit sanctioning in the priority sector, including the education sector.
The district has recorded a credit - deposit (CD) ratio of 36.45 per cent as on December 31, 2006, which was 37.03 per cent on September 30, 2006. However, the CD ratio has registered a considerable improvement, considering the CD ratio of 28.19 per cent as on March 31, 2006, according to the Collector.
He said that the banks in the district have disbursed credit worth a total of Rs.806.27 crore as on December 31, 2006.
The bank deposit in the district has come down from Rs.8,645.56 crore as on September 30, 2006 to Rs.8,444.6 crore on December, 2006.