Hazaribagh administration has fixed the targets for every nationalised and private banks operating in Hazaribagh under ACP (Annual Credit Plan) for the Financial Year 2013-14 to boost up the agriculture activities in the district.
The banks will have to disburse Rs 157.4 crore in this fiscal. According to Annual Credit Plan, the administration has given the responsibility to the lead bank (Bank of India) to coordinate with all the banks to achieve target.
The leading bank of Hazaribagh, Bank of India will have to disburse the highest Rs 33.5 crores in agriculture sector through its 29 branches which are doing business in different areas of Hazaribagh. A target of Rs 32.5 crore has given to State Bank of India. which it will disburse with the help of its 25 branches.
The Jharkhand Gramin Bank will also contribute Rs 23.2 crore rupees through its 15 branches which are running in the remote areas of the district. A target of Rs 8 crore has been given to Union Bank of India. United Bank of India, Central Bank of India and Allahabad Banks will give Rs 6 crore each to the farmers of Hazaribagh. The contribution of Punjab National bank will be five crores in this financial year.
The contributions of others banks has also been fixed under ACP by the district administration. The contribution of Canara Bank will be Rs 3.4 crores, Uco and Syndicate Bank three crore each, Dena Bank Rs 3.5 crore, Indian Overseas Bank, Bank of Baroda and Punjab & Sind Bank will have to disburse loans of Rs 2.25 crores each. The Private Banks who are doing business in Hazaribagh will contribute only Rs 1 crore to Rs 1.7 crore in the sector of agriculture in this financial year.
In the last financial year (2012-13) district administration had given the target of 139 crores to the banks for agriculture sector but banks disbursed only Rs 93.85 crores, which is 68 per cent of the target.
The lead Bank Manager of Hazaribagh, Santosh Bharti said that the progress of these targets will be reviewed quarterly by the district administration in District level Bankers Coordination Committee Meets. He hoped that these targets will boost up the agricultural activities in the district. Banks has also instructed by the administration to boost up the commercial crops especially in the district, so that the farmers of the district can become economically strong.