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Bank deposits in the district Rs 35,202 crore

THIRUVANANTHAPURAM: Financial institutions in the district disbursed Rs 5,125 crore to three major sectors in the priority sector against the target of Rs 5394 crores in 2011-12, during the qu

Published: 13th April 2012 02:36 AM  |   Last Updated: 16th May 2012 07:29 PM   |  A+A-

THIRUVANANTHAPURAM: Financial institutions in the district disbursed Rs 5,125 crore to three major sectors in the priority sector against the target of Rs 5394 crores in 2011-12, during the quarter ending December, 2011, thereby achieving 95 per cent of the target. The total bank deposits in the district stood at Rs 35,202 crore and  advances stood at Rs 23,279 crore. The Credit Deposit ratio for the district is 66 per cent.

 At the district-level banking committee review meeting on banking held on Thursday, it was revealed that banks disbursed Rs 3006 crore  against a target of Rs 2176 crore to the agricultural sector, achieving 138 per cent of the target.

 The disbursal to the services sector was Rs 1947 crore against a target of Rs 2862 crore. In the non-farming sector, which includes industrial credit, disbursement was Rs 172 crore.

The branches of district cooperative bank and the state cooperative bank together disbursed Rs 1506 crore against a target of Rs 1288 crore, showing a 117 per cent achievement target.

 Rural Self Employment Training Institute (RSETI) opened in Thiruvananthapuram by IOB with the help of central and state governments is imparting training for entrepreneurship and skill development, free of cost, especially for women to take up self-employment ventures, it was informedd at the meeting.

 The meeting was inaugurated by  A Sampath MP. He urged banks to give more thrust for watershed projects including minor irrigation schemes in the district.

He also called upon bankers to consider the investment in this sector as an asset for future generations.

 Sampath also released the Annual Credit Plan 2012-13 for implementation in the district.

The credit plan envisages a total disbursement of  Rs 6452 crore to the priority sector - Rs 2792 crore to agriculture, Rs 510 crores to SME sector and Rs 3150 crore to services sector.

K S Padmakumari Amma, Deputy Collector  presided over the function. Indira Padmini, Chief Regional Manager, IOB, and convenor, lead bank, delivered the introductory address.

V Raveendran, Assistant General  Manager,  Reserve Bank of India, and K T Thrivikraman, District Development Officer, NABARD, reviewed the performance of banks. V R Muralidhar, District Manager, Deputy/Assistant General Managers of various banks, senior officers of various government departments and others participated.



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