Banks in Odisha have achieved 70.03 per cent of the annual credit plan by the end of 2014-15.
Out of a target of Rs 40,001.03 crore, the banks overall have advanced Rs 28,014.18 crore to the priority sector.
However, the private banks have stolen the show achieving 110.86 per cent of the target allotted to them. The public sector banks fell behind with lending figures languishing at 67.54 per cent of the Rs 21,099 crore target assigned to them.
According to the data compiled, the banks have failed to achieve the credit target of Rs 22,975.36 crore set for the agriculture and allied sector. The advances to this sector could reach Rs 15,028.23 crore (65.41 per cent). The public sector banks' performance was particularly dismal with only 58.15 per cent achievement. They have lent Rs 5,262.06 crore to the agriculture and allied sector against the target of Rs 9,048.97 crore.
But the credit flow to MSEs (micro and small enterprises) beat the trend with Rs 8,038.60 crore loan disbursal against the target of Rs 5,719.13 crore, representing 140.56 per cent achievement.
However, advances to the education sector were disappointingly low at 23.67 per cent.
Among the public sector banks, the advances of IDBI Bank, Indian Overseas Bank, Punjab National Bank and State Bank of Mysore have surpassed the target limit. In the private banks bracket, Axis Bank (104.07 per cent), Indus Ind Bank (170.66 per cent), Kotak Mahindra Bank (148.83 per cent) and South Indian Bank (541.52 per cent) have achieved the allotted target during the fiscal.
It may be noted that National Bank for Agriculture and Rural Development (Nabard) had pegged the credit requirement for the state at Rs 36,959.92 crore for the last fiscal. But on the insistence of the state government, it was enhanced to Rs 40,000 crore.
