Date:01/04/2005 URL: http://www.thehindubusinessline.com/2005/04/01/stories/2005040100821700.htm

Back Bank lending in Wayanad

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KOCHI: Lending Rs 380 crore, against a target of Rs 605 crore, banks in Wayanad district have achieved 63 per cent of the priority sector lending target. The district level review committee meeting noted that the agricultural sector lending had touched Rs 331 crore, against the target of Rs 440 crore (75 per cent).

The total deposit in the district was Rs 539 crore, against an advance of Rs 912 crore, a press release from Canara Bank, the lead bank for the district has said. The credit-deposit ratio, which was Rs 152 per cent in December 2003 has gone up to 169 per cent in December 2004.

Mr M.P. Veerendrakuma, Member of Parliament, launched the district credit plan for the year 2005-06. Of a total outlay of Rs 746 crore, the agricultural sector has been earmarked 524 crore; industries sector Rs 15 crore; the tertiary sector Rs 111 crore; and for the non-priority sector Rs 96 crore, the release said. Mr K.G.P. Shenoi, Assistant General Manager, Canara Bank, Regional Office, Kozhikode, presided over the meeting.