Banks in Alappuzha district disbursed ₹14,268.8 as loans from April to December 2023. The data was released at a meeting of the District Level Banking Committee held in Alappuzha on Friday.
Banks had set a lending target of ₹12,500 crore for the 2023-24 fiscal. It surpassed the target in nine months. Banks in the district had deposits to the tune of ₹48,561 crore and advances worth ₹28,133 crore. The credit-deposit ratio in the district stood at 58% during the period. An amount of ₹9,288.72 crore was disbursed to priority sector as loans, which was 95% of the annual target.
A sum of ₹200.4 crore was given as educational loan through 3,519 accounts. Another ₹727.22 crore was released as housing loan to 10,313 people. Banks extended ₹809.21 crore to 1,00,036 people under the Pradhan Mantri Mudra Yojana loan scheme. It disbursed ₹6,545.14 crore in the agriculture sector. An amount of ₹4,980.07 crore was given to non-priority sector.
