scorecardresearch
Follow Us:
Sunday, August 07, 2022

Maharashtra minister to pvt banks: ‘Disburse crop loans faster or will report you to Centre, RBI’

While district central cooperative banks overall have fared better in crop loan disbursal, commercial banks are falling short, Balasaheb Patil said.

By: Express News Service | Mumbai |
July 8, 2021 12:34:18 pm
Maharashtra crop loans, Maharashtra crop loans disbursal, Maharashtra crop loans online application, Balasaheb Patil, Maharashtra crop loans private banks, indian expressThe state government had sanctioned the target of Rs 60,800 crore crop loan to be given to 69 lakh farmers in Maharashtra. (Express file photo)

Expressing disappointment over the low crop loan disbursal to farmers by commercial and private banks, Maharashtra’s ministry of cooperation and marketing has threatened to sent their ‘poor performance report’ to the central government and the RBI.

Cooperation and marketing minister Balasaheb Patil said, “So far, only 50 per cent crop loan has been given to farmers. Banks should speed up the process of handing over the remaining 50 per cent loan for the kharif season. If banks continue to delay the crop loans, we will send a report to the Centre and the RBI.”

While district central cooperative banks overall have fared better in crop loan disbursal, commercial banks are falling short, he added.

The state government had sanctioned the target of Rs 60,800 crore crop loan to be given to 69 lakh farmers in Maharashtra.

Subscriber Only Stories
No victim-blaming, no fetishising of abuse: Darlings shows why we need mo...Premium
How the Indian action spectacular RRR became a smash in AmericaPremium
5 ways in which Samsung could improve the Galaxy Z Flip 4 and Fold 4Premium
Explained: First flight of India’s newest rocket, what it means for...Premium

“Almost 69 per cent agriculture land is covered under kharif season. Yet, banks have been able to disburse only 50 per cent crop loan to farmers which is not acceptable. In this, commercial and private banks have fared worse than district cooperative banks,” the minister said.

The banks have been told to provide loans through online applications to avoid crowds amid the Covid-19 outbreak.
At the end of June, crop loan disbursal through commercial banks is as follows: Bank of Baroda (27 per cent); State Bank of India (29 per cent); Bank of Maharashtra (39 per cent); Bank of India (37 per cent); Central Bank of India (22 per cent); HDFC (31 per cent); ICICI (13 per cent); Maharashtra Rural Bank (37 per cent); Canara Bank (13 per cent); Punjab National Bank (20 per cent); Union Bank of India (42 per cent); Axis Bank (12 per cent); IDBI (15 per cent); Ratnakar Bank (8 per cent).

On the other hand, disbursal through District Central Cooperative Banks region-wise is as follows: Konkan division (62.54 pc); Nashik division (78.91 pc); Pune division (84.77 pc); Aurangabad division (84.47 pc); Amravati division (90.53 pc) and Nagpur division (93.26 pc).

However, out of the 31 district central cooperative banks, there are some which failed to meet even 50 per cent of the target, causing alarm. The government has directed these cooperative banks to expedite the process to help worried farmers.

The list of district central coop banks with less than 50 pc crop loan disbursal is: Jalna (16 pc); Beed (21 pc); Osmanabad (22pc); Hingoli (20 pc); Parbhani (21 pc); Wardha (24 pc); Sangli (23 pc); Latur (29 pc); Nanded (22 pc); Buldhana (27 pc); Nashik (27 pc); Aurangabad (26 pc); Ratnagiri (22pc); Palghar (16 pc); Solapur (18 pc).
Patil will hold the next review on crop loan disbursal through banks in the end of July.

TWO IS ALWAYS BETTER | Our two-year subscription package offers you more at less

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Mumbai News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
First published on: 08-07-2021 at 12:34:18 pm

Featured Stories

Advertisement
Advertisement
Advertisement
Advertisement