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| Rs 3062 crore loan to MSME, auto, housing sectors |
| BS Reporter / Kolkata/ Bhubaneswar Feb 18, 2010, 00:02 IST |
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The banks operating in Orissa have extended Rs 3062.4 crore loan to the Micro, Small and Medium Enterprises (MSME), housing and automobile sectors during the first eight months of 2009-10.
While Rs 1904.66 crore has been advanced to MSMEs, Rs 754.86 crore is housing finance and Rs 402.87 crore loan has been sanctioned for the automobile sector.
However, this loan amount excludes the loans extended to these sectors by private banks namely Federal Bank, ING Vysya bank, Indus Ind Bank and HDFC Bank, sources said.
According to the information compiled by the State Level Bankers’ Committee (SLBC), there were 2317 sick small scale industries in the state by the end of November 2009, involving a loan exposure of Rs 252.75 crore.
Out of 2317 sick SSI units in the state, 223 units were financed during April-November under ‘nursing scheme’. They were sanctioned loans amounting to Rs 21.89 crore.
Similarly, 13183 automobile loans and 12,051 housing loans were sanctioned by the banks during this period. The flow of credit to these sectors was reviewed in the special monthly SLBC meeting held recently. It was found that there has been steady flow of credit to the MSMEs, housing and automobile sectors.
On the other hand, the banks were urged to disburse loans under the Pradhanmantri Employment Guarantee Programme (PMEGP) for cases where the training under entrepreneurship development programme (EDP) has been conducted, but first installment hasn’t been disbursed. The margin money should be claimed within one month from the date of first disbursement.
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