Last Updated :
02 July 2009 at 13:40 IST
Banks achieve 94% of agriculture credit target
Commodity Online
NEW DELHI: Banks in India have been able to achieve 94.4% of the targeted disbursement of credit to agriculture and allied activities sector according to the Economic Survey 2008-09 tabled in Parliament on Thursday.
The total amount disbursed by all Banks to the Agriculture and Allied Activities Sector is Rs. 2,64,455 crores as against the target of 2,80,000 crores registering 94.4% achievement. In comparison to the disbursement of Rs. 254657 crore as on March, 2008, there is a rise of Rs. 9798 crores to the sector. Of the total disbursement Rs. 202856 crores were from Commercial Banks, Rs. 35447 crores by Cooperative Banks and Rs. 25,852 crores by Regional Rural Banks.
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During 2008-09( till February 2009), a total of 47.26 lakhs Kisan Credit Cards(KCC) amounting with limits aggregating Rs. 26828 crores were issued. The total number of KCC holders in the country as on February 28, 2009 stood at 808.00 lakhs.
Under the Agricultural Debt Waver and Debt Relief Scheme, the Government provided Rs. 25,000 crores to the Commercial Banks RRBs and Cooperative Credit Institutions as the first instalments Of this Rs. 17500 crore was provided to RRBs and Cooperatives as temporary liquidity support and Rs. 7500 crores to Commercial Banks.
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