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Agricultural Credit in Bangaru Telangana
Credit occupies an important place in agricultural development strategy. Out of the total projected credit plan of Rs. 72,119 crore during 2015-16 for Commercial Banks in Telangana, Rs. 30,995 crore credit is targeted for agriculture and allied activities,which is about 42 percent of total credit plan, showing 14 percent increase over previous year allocation.
Credit occupies an important place in agricultural development strategy. Out of the total projected credit plan of Rs. 72,119 crore during 2015-16 for Commercial Banks in Telangana, Rs. 30,995 crore credit is targeted for agriculture and allied activities,which is about 42 percent of total credit plan, showing 14 percent increase over previous year allocation. About 32 percent of total credit plan is directed towards crop loans, 7 percent towards agricultural term loans, and 3 percent towards allied activities (see Figure 3.6).
Source: Annual Credit Plan of Telangana 2015-16, State Level Bankers’ Committee (SLBC)
An amount of Rs. 23,209 crore is projected towards Crop Production Loans (Production Credit) in 2015-16, as against Rs. 18,718 crore in 2014-15. An amount of Rs. 7785.87 crore is projected towards agriculture term loans including allied activities (Investment Credit) in 2015-16.
Table 3.6: Telangana State Credit Plan for 2014-15: Targets and Achievement (Rs in Crore)
| Sl No. | Segment | Target 2014-15 | Achievement of targets 2014-15 | % achievement of targets |
| 1 | Crops Loans | 18,718 | 18,420 | 98% |
| 2 | Agri. Term Loans | 6,238 | 5,985 | 96% |
| 3 | Allied Agri. Activities | 2,277 | 2,872 | 126% |
| 4 | Total Agricultural (1+2+3) | 27,234 | 27,276 | 100% |
| 5 | Micro & Small Enterprises | 6,588 | 13,330 | 202% |
| 6 | Total Other Priority Sector | 6,725 | 7,641 | 114% |
| 7 | Total Priority Sector (4+5+6) | 40,547 | 48,247 | 119% |
| 8 | Non-Priority Sector | 22,501 | 65,304 | 290% |
| Total Advances (7+8) | 63,048 | 1,13,552 | 180% |
Source: Annual Credit Plan of Telangana 2015-16, State Level Bankers’ Committee (SLBC)
Rs.48,247 crore was allocated towards priority sector in 2014-15 as against the projected target of Rs.40,547 crore, thus registering 19 percentage point increase. During the same year, Rs.27,276 crore was disbursed, as against projected credit plan of Rs.27,234 for agriculture sector (consisting of crop loans, agriculture term loans and loans to allied activities).However, it may be noted that Rs. 22,501 crore was targeted for non-priority sector and its achievement was about Rs. 65,304 crore showing an increase of about 290 percent [see table 3.6].
| Box 1: NSS Report on All India Debt and Investment Survey: Major findings for Telangana state | |||||||||||||||||||||||||||||||||||
| 70th Round of the National Sample Survey (NSS) on “All India Debt and Investment Survey” (data collected during January 2013 to December 2013) gives a picture of the credit structure, asset holding, liabilities, capital formation of the households etc. Some of the highlights of the report pertaining to Telangana state are listed below:
Table 3.7: Incidence of Value of asset, Indebtedness and Debt in Telangana and India
Source – NSSO Report on Debt and Investment (70th Round), Government of India. | |||||||||||||||||||||||||||||||||||
G.Rajendera Kumar
