Banks clock 85% of annual credit target of Rs 600 bn in Odisha

Achievement for farm sector is 72.62% of the credit target of Rs 312.08 bn; state surpasses MSME lending target

Banks having operations in Odisha have clocked 85.67 per cent of the annual credit plan of Rs 600 billion fixed for 2017-18 under the priority sector.

The credit disbursement made by the banks under major segments of priority sector is Rs 514 billion.

According to latest data collated by the State Level Bankers' Committee (SLBC), the achievement for the agriculture sector is Rs 226.64 billion which is only 72.62 per cent of the credit target of Rs 312.08 billion fixed for the last fiscal year. It includes farm credit of Rs 201.11 billion and the balance advanced is for agriculture infrastructure and