Banks operating in the state- public sector banks, private banks, cooperative banks as well as regional rural banks (RRBs)- have fallen short of the loan disbursal targets in agriculture and allied sectors in the first two months (April and May) of the current financial year.
In case of crop loan disbursals, the total disbursals by all these 45 banks having a total of 3152 branches, in the April-May period, has been Rs 392.41 crore as against the targeted Rs 1230.50 crore, as per the data released by the State Level bankers' Committee (SLBC) at its special meeting held on Monday.
Among the 25 public sector banks functioning in the state which had a cumulative crop loan disbursal target of Rs 342.43 crore, the actual disbursal has been Rs only Rs 68.42 crore till the end of May.
The performance of nine public sector banks has been particularly dismal in the disbursal of crop loans as these banks have not released a single rupee in the first two months of the current fiscal. These banks are Bank of Maharashtra, Corporation Bank, Dena Bank, IDBI Bank, Punjab & Sind Bank, State bank of Bikaner and Jaipur, State Bank of Hyderabad, State bank of Travancore and State bank of Mysore.
The record of 11 private sector banks with a total of 116 branches in the state has been in crop loan disbursal has been even more lack lustre. Out of the targeted Rs 2.41 crore for all these banks, the disbursal has been a measly Rs 1.94 lakh with only Axis Bank disbursing the amount.
ICICI bank which has the reputation of being the largest private sector lender in the country, did not disburse even a single rupee out of its targeted Rs 1.47 crore in the said period.
The five RRBs operating in the state- Baitarani Gramya Bank, Utkal Gramya Bank, Kalinga Gramya Bank, Neelachal Gramya Bank and Rushikulya Gramya Bank, have disbursed loan of Rs 24.07 crore out of the targeted Rs 222.56 crore.
Among the cooperative banks, the Orissa State Cooperative Bank which has 328 branches across the state, has disbursed loan of Rs 299.89 crore compared to the targeted Rs 663.08 crore.
The performance of the banks has been comparatively better in the disbursement of agriculture term loans in the April-May period but in this area too, they have not been able to meet the stipulated targets.
The overall disbursal target for agriculture term loan for the period was fixed at Rs 328.14 crore for all these banks but the actual disbursal stood at Rs 184.23 crore.
Among the public sector banks, the total disbursal has been to the tune of Rs 160.30 crore as against the targeted Rs 193.85 crore. Dena Bank which was given the lowest loan disbursals target of Rs 18 lakh among all the public sector banks during the period has failed to release any amount as agri term loan.The performance of the private sector banks in the disbursement of agriculture term loans has been rather unimpressive. As against the total loan disbursal target of Rs 4.33 crore, the actual disbursal has been only Rs 27.25 lakh.
In terms of loan disbursals for allied activities, the banks have disbursed only Rs 55.30 crore out of the targeted Rs 274.42 crore. Three public sector banks- IDBI Bank, State Bank of Hyderabad and Vijaya Bank which had been given loan disbursal target of Rs 50 lakh, Rs six lakh and rs 52 respectively, failed to disburse anything during the April-May period.
In this area, the private banks have fared even worse, disbursing a meagre Rs 7.61 lakh out of the targeted Rs 4.85 crore. Axis Bank is the only private bank to have disbursed the entire amount.
