Banks to disburse loans of Rs 5,593 cr

KOTTAYAM: Banks in the district will disburse loans to the tune of Rs 5,593 crore in the coming financial year.

Priority would be given for development works, education and agriculture sector, District Collector Mini Antony said after a banking review committee meeting at the collectorate here.

He said the banks disbursed Rs 3,650 crore till December, 2009. Out of the amount priority sectors received Rs 2,547 crore.

Banks should extend loans mainly for the welfare schemes of the public, Districr Panchayat President T N Ramesan said.

The collector released the district credit plan for the year 2010-11 on the occasion.