(a) whether private and foreign banks are reluctant to grant agricultural loans;
(b) if so, the details thereof and the reasons therefor; and
(c) the comparative details of agricultural loans as compared to other loans
granted by the said banks during each of the last three years,State-wise?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) to (c) : As per Reserve Bank of India`s extant guidelines on lending to priority sector,
a target of 18 per cent of Adjusted Net Bank Credit (ANBC) or credit equivalent amount of
Off-Balance Sheet Exposure, whichever is higher, has been stipulated for domestic commercial
banks (including private sector banks) for lending to agriculture sector. As regards foreign
banks operating in India, no target has been stipulated for agriculture lending.
Comaparative details of agricultural loans as compared to other loans granted by private sector
domestic commercial banks in the last three years are placed at Annex.