Crop loans disbursement lower for rabi

By TheHindu on 15 Mar 2019

Crop loans disbursements in Telangana, for rabi season, up to December were lower at Rs. 5,226 crore or an achievement of 30%.

Investment credit (term loans) disbursed to farmers during the year was Rs. 13,467 crore, said a press release on the State Level Bankers’ Committee (SLBC) meeting on Tuesday to review performance of the banks during the quarter ending December.

While the release did not elaborate on the investment credit, it said the short-term agriculture loans (crop loans) disbursement, however, had improved to Rs. 9,772 crore (63.71%) by February.

Under MSME (micro, small and medium enterprises) segment, the banks disbursed Rs. 8,973 crore during the quarter and Rs. 28,717 crore during the year, achieving 134.31% of the annual targets.

Priority sector loan disbursement was Rs. 18,893 crore during the quarter and Rs. 72,990 crore during the current financial year, achieving 96% of annual targets, the release said, without sharing the comparable numbers.

From April 1, 2018, the disbursement of MUDRA loans totalled Rs. 5,665 crore and were issued to 9,05,564 beneficiaries under the Pradhan Mantri Mudra Yojana, thus achieving 90.75% of the annual targets, the release said.

Chief General Manager of the SBI and president of the SLBC J. Swaminathan presented the performance of the banks in Telangana at the meeting in which, Secretary (IF) Sandeep Sultania, besides senior officials from RBI, Nabard, DFS, and SERP, participated.