Despite all the condemnation to which Cooperative banks are subjected from time to time, these banks outshine others when it comes to disbursement of agricultural loans.
The figures released by Orissa State Level Bankers’ Committee (SLBC), PSU Banks, RRBs lag behind cooperative banks in disbursement of agri loans.
Of the total target of Rs 1640.68 crore of agri-term loans, the actual achievement was Rs 801.46 crore, which represents hardly 49 per cent of the target while cooperative banks disbursed 77 per cent of the target.
Of the total target of Rs 209.39 crore set for these cooperative banks, these banks achieved Rs 161.80 crore.