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Finance Minister Pranab Mukherjee has said that he patted on the banks of micro, small and medium enterprises (MSEs) has risen from 20 per cent to 35 per cent target cgn for lending cgn loans. Loans to the agricultural sector has been the target of Rs 3.75 lakh to Rs 71,000 crore over the 4.46 lakh crore. The Finance Minister also expressed serious concern over the fact that in 2010-11, the NPA or to be refunded at the time of the loan amount is increasing.
The finance minister on Friday in the capital of public sector banks and financial institutions were reviewed at a meeting with top officials things. He said that in the last financial cgn year 2010-11, 22.44 per cent in the public sector increased lending by banks. The net profit increased cgn from Rs 45,000 crore in 2009-10, nearly 39,000 have been. But the banks or their assets should be careful about the quality of the loans.
Speaking to the media after the meeting, Mr Mukherjee said that the amount of debt in 2010-11 banks caught NPA or 59 927 crore last year was 24.51 per cent to Rs 74 617 million. However, Finance Minister cgn did not clear how much of that has come from the NPA. For instance, the small-scale sector, agriculture, industry, or how much it contributes to personal loans. In fact, the small-scale sector and agriculture are blatantly bank loans often turn into NPAs. But is probably not the case.
Finance Minister praised the MSE sector cgn banks to provide more loans. But despite this growth factor underlined that the total number of accounts have fallen MSE. He actively lending banks in the region and urged them to micro and small enterprises remained Credit Guarantee Trust Fund (Sijitimsi) scheme should use. The Finance Minister said that one per cent of the urban poor housing loan interest subsidy cgn scheme in the bank are not properly implemented, while the housing sector should give more credit.
Mr Mukherjee said that the agricultural sector can be expressed satisfaction on the total debt of the banks met. But many banks have not fulfilled this obligation. Though he did not name the banks. But in general, the private sector banks and foreign banks, including priority areas for agriculture do not follow fixed credit limit. Discussion of Kisan Credit Cards, Finance Minister said that agriculture is the large difference in the number of credit accounts and these cards which shows that the card is not active enough. He said about 16 per cent increase in the number of cards active farmer. The number of agricultural loan accounts increased from 80 million 566 million (seven times) is.
As a reminder, only 4 per cent of the crop loan on time Lutanewale farmers still get loans from government banks to give the remaining 3 per cent is their own. However, reasonable people cgn in this category are unable to get bank loans. cgn Finance Minister appealed to remove cgn this anomaly. Referring to the goal of delivering remote banking services March 31, 2011, he reached the goal of two thousand cgn population was 20,000 villages, the Bank managed to reach 29,500 villages. By March 2012, reaching a total of 73,000 villages goal. In the current financial year 2011-12, banks must provide their services to the remaining cgn 43,500 villages.
Mukherjee said the government's shareholding in public sector banks has now been reduced to 58 per cent on average. On the question of education fall in credit growth, the Finance cgn Minister said that the basis is quite extensive. Over the years, both in the amount of education and increase the borrower's account. The 31 by March 2011 to Rs 43,000 crore were outstanding education loan accounts.
Economy, new-Juni, financial markets Tagged with: Agriculture Sector, cgn CGTMSE, Credit Guarantee Trust Fund for Micro and Small Enterprises, finance minister, financial inclusion, Kisan Credit Cards, MSE Sector, Pranab Mukherjee, Scheme, MSE sector, farmer, farmer Credit card, agriculture, aiming to reach the villages, meeting, Finance Minister, financial inclusion, education, shareholding, public sector banks
April Calendar Riddhi-Siddhi
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