Banks achieve 72% Kharif loan target
Updated:
Updated:
₹10,791 crore disbursed as agri term loans
Share Article
₹10,791 crore disbursed as agri term loans
Banks in Telangana lent ₹22,936 crore in the first six months (April-September) this fiscal for Vanakalam (Kharif) crop season thus achieving 71.82% of the target.
Overall, 43% of the short term production (crop) loan target, including for the ongoing Rabi season, had been achieved. These numbers were shared following the State Level Bankers’ Committee (SLBC) meeting on Monday that reviewed the performance of the banks for the June and September quarters.
According to a release, SLBC president and SBI Chief General Manager Om Prakash Mishra, making a presentation, said banks disbursed ₹10,791 crore as agri term loans towards investment credit, agri allied, agri infra and agri ancillary activities up to September this fiscal.