Farm sector gets the lion’s share in credit plan outlay

The agricultural sector has secured the lion’s share of 71.63 per cent of the total annual credit plan outlay for 2013–14 in the district.

According to the credit plan prepared by the State Bank of India, which is the lead bank in the district, the outlay for the farm sector is Rs. 1,553 crore out of the total of Rs. 2,613 crore.

The outlay for the non-farm sector and other priority sectors, including tertiary and service sectors, is Rs. 615 crore. While outlay for non-priority sector loans is Rs. 445 crore, priority sector loans have been fixed at Rs. 2,168 crore.

Of the Rs. 2,168-crore outlay for the priority sector, commercial banks have been given the responsibility of disbursing Rs. 1,267 crore (58 per cent), Krishna Grameen Bank, the only regional rural bank in the district, Rs. 716 crore (33 per cent) and cooperative sector banks Rs. 185 crore (9 per cent) loans to the agricultural sector.

Poor show

The performance of banks in achieving targets fixed in the annual credit plans over the past three years has been poor.