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Banks to take up relief works in flood-hit areas

Special Correspondent

Government urged to notify the affected areas



HELPING HAND: (From left) Abhay Prakash, Additional Chief Secretary and Development Commissioner; N. Kantha Kumar, Chairman and Managing Director, Syndicate Bank; Prakash P. Mallya of Syndicate Bank and Devaki Muthukrishnan of Reserve Bank of India at the 94th and 95th State Level Bankers' Committee meetings in Bangalore on Wednesday. — Photo: K. Gopinathan

BANGALORE: Public sector banks would be taking up relief works on a post-haste basis in the nine flood-hit districts of the State, according to the Chairman of the State Level Bankers Committee (SLBC) and also Syndicate Bank, N. Kantha Kumar.

Floods and heavy rain in the State had adversely affected 61 taluks.

Notify areas

Addressing the 94th and 95th SLBC meetings here on Wednesday, Mr. Kantha Kumar wanted the Government to notify the affected areas as to enable the banks to take up relief work.

Speaking about the performance of banks with regard to the rural sector, he said that in the last fiscal the banks had disbursed Rs. 76,234.94 crores as against the revised annual target of Rs. 6,251.54 crores.

Support

Over 4.56 lakh farmers had been brought under the institutional fold by providing financial support of Rs. 2,181 crores.

The banks had extended Rs. 33,479 crores to various segments of society under priority sector as of June 2005, constituting about 50 per cent of the total advances.

The meeting was attended by Additional Chief Secretary and Development Commissioner Abhay Prakash and other officials from the Reserve Bank of India and the National Bank for Agriculture and Rural Development (NABARD).

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