Centre has announced a debt relief of Rs 2518.12 crore to the farmers in Kerala during the current year.
Out of the amount, the farmers who failed to repay their loans in the district will get Rs 239 crore, an official release said today.
The total investment extended by various banks in the district amounted to Rs 8990 crore for the three month period ended June 30, 2008 while the amount of loan stood at Rs 5,948 crore. The loan investment ratio was 66.16 per cent.
State Bank groups have disbursed Rs 3,710 crore in the form of investment and loans of Rs 2,684 crore.
The investment by private nationalised banks was to the tune of Rs 4,416 crore while that of loans Rs 2,484 crore.
The contribution of co-operative banks in the form of investment was Rs 863 crore and of loans Rs 779 crore.
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As per the estimate of district credit plan 2008-09 loans of Rs 248 crore distributed in agricultural sector.
A sum of Rs 18 crore were distributed in the form of 549 educational loans from April to June, 2008 in the district, it said.