UP loan mela: Retail, agri grab a third of total Rs 2,125 cr disbursals

Banks collectively interact with 70,000 people, get more than 41,000 applications, of which 30,879 get on spot sanctions

Public sector banks disbursed nearly Rs 2,125 crore during phase-1 of the ongoing ‘loan mela’ programme in Uttar Pradesh.

The loan mela, spanning five days starting October 3, covered 27 districts in the state, wherein retail and agricultural segments logged the maximum advances of Rs 807 crore and Rs 564 crore respectively, totalling Rs 1,371 crore.

“During phase-1 of the loan mela, all the banks collectively interacted with around 70,000  people and received more than 41,000 applications, of which 30,879 applicants were provided with on spot sanctions worth Rs 2,125 crore,” Ramjas Yadav, general manager of UP lead banker Bank of Baroda