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Patna,(BiharTimes): Though the Bihar government has fixed the Annual Credit Plan (ACP) target for 2011-12 at Rs 40,500 crore compared to Rs 37,000 crore in the current financial year the performance of the banks is far from satisfactory. |
Against the ACP target of Rs 37,000 crore for the current fiscal, banks in the state had disbursed loans to the tune of just Rs 17,000 crore till December 2010. The deputy chief minister Sushil Kumar Modi has asked the banks to at least achieve the figure of Rs 30,000 crore by the end of financial year on March 31, 2011. This would be around 80 per cent of the target.
Still the banks have accepted the ACP target of Rs 40,500-crore suggested by him for the next fiscal.
Lending activities in three out of six extremist-affected districts of Bihar has declined. Till December 2010 it had declined in Aurangabad (- 0.62 per cent), Gaya (-2.32 per cent) and Jehanabad (-21.36 per cent), while it had improved in Arwal (15 per cent), Jamui (57 per cent) and Rohtas (31 per cent).
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