Banks operating in the state- public sector, private, cooperative and regional rural banks- have achieved 84 per cent of the Annual Credit Plan for 2010-11 by the end of December 2010.
Out of the total ACP of Rs 12677.77 crore, the banks have achieved credit flow of Rs 10682.63 crore by the end of December last year. The achievement of public sector banks has been 111 per cent while for private sector banks, it has been disappointingly low at 39 per cent. The achievement of public sector banks and private sector banks taken together has been 88 per cent.
“Orissa has been one of the very few states in the country where the achievement of Annual Credit Plan is very high and by March this year, we believe that we will comfortably achieve the target”, said Ajai Kumar, executive director, UCO Bank and convener of the State Level Bankers' Committee (SLBC).
Speaking at the 122nd meeting of SLBC, Jugal Kishore Mohapatra, principal secretary (finance), Orissa government said, “Banks have achieved 84 per cent of the Annual Credit Plan but the achievement in the agriculture term loans has been only 70 per cent. Presently, we are getting only quarterly figures of credit performance of banks but we need to devise a mechanism wherein the credit flow can be monitored on a monthly basis.
Moreover, we need to fix quarterly targets for Financial Inclusion goals.” As per figures released by SLBC, the crop loan disbursal target has been 74 per cent of the annual plan. As against the target of Rs 4614.38 crore, the achievement has been Rs 3399.19 crore.
However, in allied sector, the actual achievement has been Rs 183.61 crore which marks only 18 per cent of the annual plan target of Rs 1029.46 crore. In case of agricultural term loans, the achievement has been Rs 862.89 crore which means an achievement of 70 per cent of the annual plan target of Rs 1230.51 crore.
The district wise review of the annual credit plan for the current financial year reveals that except Dhenkanal, Gajapati, Malkangiri, Nayagarh and Rayagada, all other districts have achieved more than 50 per cent of their target.
Among the banks, Bank of India, Dena Bank, IDBI Bank, State Bank of India, State Bank of Hyderabad, UCO Bank, HDFC Bank, Karnataka Bank, Karur Vysya Bank and the Orissa State Cooperative Bank have achieved more than 60 per cent of their target.
