Question : VIDARBHA PACKAGES BY PRIVATE BANKS



(a) whether Vidarbha Package is to be implemented by private banks too;

(b) if so, t.he details thereof; and

(c) the perfonnance of such banks in providing agricultural credit to farmers?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)

(a) & (b) : Yes, Sir. Vidarbha package is being implemented by private sector banks also. So far, the following banks have been reimbursed from the Government of India (GoI) share in the package:-

(Amount in Rs)
Name of the	Amount of Interest	50% share of GoI
bank	waived
Sangli Bank 66028 33014.00 ICICI Bank 4925129 2462564.50 UTI Bank Ltd 39826545 19913272.50
Total 44817702 224018851.00

(c): The Private Sector Banks have disbursed Rs. 18854.33 crore, Rs.31199.22 crore and Rs.25902.37 crore (figure provisional) to agriculture during the financial years 2004-05, 2005-06 and 2006-07 respectively in the country.

GoI`s scheme of providing interest subvention @ 2% p.a,, for extending Short Term Production Credit @ 7% p.a. for loans upto Rs.3.00 lakhs per borrower, is not available to the private sector banks. ICICI Bank has disbursed Rs.0.28 crore of agriculture credit in Vidarbha region during 2007-08.