Bengaluru, May 26: Chief Minister Siddaramaiah has urged the commercial banks to lend more to housing and education sectors as disbursement in these two areas has declined over the past two years.
Speaking after launching the state credit plan for 2017-18 in Bengaluru, Siddaramaiah noted that disbursement under housing loan portfolio has come down from Rs 9,061 crore in 2015-16 to Rs 5,916 crore in 2016-17.
Similarly, the disbursement under education loan portfolio has also come down from Rs 2,248 crore in 2015-16 to Rs 1,639 crore in 2016-17, he said and urged banks to look into the issue.
Siddaramaiah said the total priority sector credit disbursement for the fiscal has been projected at Rs 1.6 lakh crore in which the share of agriculture credit amounts to Rs 86,690 crore constituting 54.17%. He urged banks to assist farmers in drought affected areas, extend relief measures and grant fresh loans.
The plan is prepared by Syndicate Bank (the lead bank) for the State Level Bankers’ Committee.
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