Banks in Telangana disbursed ₹35,023 crore crop loan in the first six months of the fiscal, up to September, achieving 79.48% of the annual target, according to the State Level Bankers’ Committee (SLBC).
Presenting a report on performance of the banks, during the first half of 2023-24, at the SLBC meeting here on Friday, SBI Chief General Manager Rajesh Kumar said ₹26,730 crore investment credit was disbursed by the banks to allied agriculture activities and thus meeting 67.97% of the targets.
The disbursements to micro, small and medium enterprises (MSME) segment stood at ₹67,723 crore, which was 124% of the target. Under Pradhan Mantri Mudra Yojana Scheme, banks sanctioned ₹4,485 crore and achieved 42% of the annual targets.
