The Hindu : Kerala News : Credit target surpassed in Kasaragod

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Monday, Jun 30, 2008
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Kerala

Credit target surpassed in Kasaragod

Staff Reporter

Banks told to ensure hassle-free education, housing loans

List of farmers eligible for debt relief finalised
Banks urged to give priority to dairy sector

KASARAGOD: Financial institutions in the district have surpassed the annual credit target for the financial year 2007-08. This was announced at a meeting of the district-level banking review committee and the district banking consultative committee at the collectorate conference hall here on Friday.

As against a target of Rs.1,357.48 crore, the financial institutions here disbursed a sum of Rs.2,040.31 crore, registering 150 per cent achievement as on March 31, 2008.

Of the total amount distributed, Rs.843.74 crore went to the priority sector.

The agriculture sector received a sum of Rs.515.93 crore and the trade and services sector got Rs.286.3 crore. A sum of Rs.41.50 crore was disbursed to small scale industrial sector.

P. Karunakaran, MP, who inaugurated the meeting, lauded the banks for their performance.

He asked the financial institutions to help implement government schemes in the right spirit.

He urged the banks to ensure hassle-free sanctioning of education and housing loans to the needy.

K.P. Muraleedharan, assistant general manager of Syndicate Bank, who delivered the keynote address, said banks should give emphasis to achieve target under dairy package loans for the distressed district, prior to the stipulated time. Bankers and the Animal Husbandry Department should work together to achieve the goal, he said.

He said banks in the district had finalised the list of eligible farmers under the agricultural debt waiver and debt relief scheme-2008 of the Union government and it would be published on the notice boards of all banks before June 30.

He also called upon banks to sanction education loans to eligible students as per the guidelines.

Collector A.T. James presided over the meeting. Mr. James said banks in the district and the departments should have a proactive approach to ensure the comprehensive development of the district.

Those who spoke at the meeting included C.H. Kunhambu, K.V. Kunhiraman, Pallipram Balan and K. Kunhiraman, MLAs, K.D. Joseph, assistant general manager of the RBI, and N.Gopalan, assistant general manager, Nabard.

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