The State Government asked all the banks operating in the State to give more stress on financing to MSME sector for development of the State at the 135th State level Bankers’ Committee (SlBC) meeting held here on Monday.
The meeting revealed that a total of 11,187 students have taken loans amounting to Rs 198.30 under the study loan scheme from various banks operating in the State during 2013-14.
UCO Bank Executive Director S Chandrasekharan presided over the meeting where in the Chief Secretary, Additional Chief Secretary, Finance, RBI Regional Director, Nabard CGM, SBI CM and Secretaries of various departments and controlling heads of banks attended it.
It was revealed at the meeting that the CD ratio of banks stands at 85.31 per cent, which is higher than national parameter of 60 per cent. The percentage of priority sector advances to total advances is 55.72 per cent against the national parameter of 40 per cent.
Plan to open B&M branches in all the 4597unbanked GPs of the State was discussed on the occasion.
In the State, bank deposits and advances have increased by 15.82 per cent and 13.65 per cent, respectively.
Total advance to agriculture sector is Rs27366.79 crore, which accounts for 29.01 per cent of total advance against the national parameter of 18 per cent.
A total of 8,64, 604 KCCs for Rs10,194.14 crore were issued during the year ending March, 2014. Similarly, Rs108.68 crore was given to 13,088 JlGs during the year.
A total of 37, 926 SHGs were connected with banks with credit-link amount of
Rs442.93 crore. The banks’ achievement under Annual Credit Plan 2013-14 stood at 61.15 per cent.