'Implement financial inclusion policy effectively'

 Speaking at a lead bank review meeting on Wednesday, he said loan lend to the priority and agriculture sectors have decreased. In 2010-11, the target was to lend Rs 98,523.43 lakh to agriculture sector. A sum of Rs 58,652 lakh has been disbursed. The banks could disburse loan of Rs 1,866 lakh to small industries and non agriculture sectors as against the target of Rs 1,499.72 lakh, thus recording the 124 per cent achievement.

A sum of Rs 15,974 lakh was disbursed among non priority sector as against the target of Rs 18,131.58 lakh. A total of Rs 1,02,306 lakh loan was disbursed in the district.

Reserve Bank of India Assistant Chief Manager R S Rao said all the banks should implement financial inclusion programme effectively.

There is a need to identify 50 villages which has a population of above 2,000. The financial inclusion policy should be implemented by March 2012.  NABARD AGM Shivaram Krishna said the banks should give emphasis to the lending of loan to the landless labourers. Self Help Groups should be constituted by the banks. Chiko bank has already registered about 50 SHGs.

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