(a) whether scheduled commercial banks have achieved the target to disburse 15% of their loans to minority communities in the year 2010-11;
(b) if not, the details thereof, bank-wise and the reasons therefor; and
(c) the action taken against the banks who failed to achieve the said target?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) & (b): The Government in 2007-08 directed the Public Sector Banks to step up their Minority Community Lending to 15% of their priority sector lending over 3 years, i.e, by 2009-10.
The overall achievement under Minority Community Lending was 14.16% of the Total Priority Sector Lending as on 31st March 2011.
Bank-wise details of lending to minority communities under priority sector lending by Public Sector Banks as on 31st March, 2011 is at Annexure.
(c): There has been a consistent increase in the share of Minorities in credit and their share has increased from 11.42% in 2008-09 to 13.14% in 2009-10 and further to 14.16% in 2010-11. This is reviewed by the Government on a regular basis. The Government has advised the banks to achieve the target of 15% at the earliest.