Private sector banks have stolen a march over the public sector banks in the disbursals of loans in the agriculture and allied sectors in Orissa in the past three years.
According to the data released by the State Level Bankers' Committee (SLBC), the private sector banks have overshot the loan disbursal target in agriculture and allied sectors by 750 per cent in the previous fiscal. As against the targeted Rs 89 crore, these banks disbursed Rs 671 crore in 2009-10.
On the contrary, the public sector banks achieved only 66 per cent of the loan disbursal target in the last fiscal. The public sector banks disbursed Rs 1409 crore in the agriculture and allied sectors out of the targeted figure of Rs 2124 crore.
In 2008-09, the private banks operating in the state disbursed Rs 61 crore out of the targeted Rs 63 crore, thereby achieving 96 per cent of the target. The public sector banks trailed their private counterparts, disbursing Rs 1422 crore out of the targeted Rs 1666 crore, a success rate of 85 per cent.
In 2007-08, the private banks' loan disbursals in the agriculture and allied sectors stood at Rs 144 crore, a staggering success rate of 429 per cent.
In the said period, the public sector banks went past their targeted loan figure of Rs 1222 crore by disbursing Rs 1369 crore.
The Regional Rural Banks (RRBs) had a modest success rate in loan disbursals in agriculture and allied sectors in the past three financial years.
The RRBs disbursed Rs 519 crore out of the targeted Rs 734 crore in 2007-08, Rs 524 crore out of the targeted Rs 799 crore in 2008-09 and Rs 667 crore out of the targeted Rs 1187 crore in 2009-10. This marks a success rate of 71 per cent, 66 per cent and 56 per cent in 2007-08, 2008-09 and 2009-10 respectively.
The cooperative banks had a comparatively better success rate than the RRBs. In 2007-08, these banks disbursed Rs 1625 crore against the target of Rs 1749 crore, while in 2008-09, the corresponding figures were Rs 1444 crore and Rs 2029 crore respectively. In 2009-10, the cooperative banks disbursed Rs 2617 crore, edging past the target of Rs 2514 crore.
Taking into account the overall performance of the public sector banks, private banks and cooperative banks, the success rate in loan disbursals in the agriculture and allied sectors was 98 per cent, 78 per cent and 91 per cent in 2007-08, 2008-09 and 2009-10 respectively.
