New Delhi: The country's largest bank State Bank of India registered a whopping 49 per cent rise in loan outstandings for its agri business, touching Rs 30,516 crore during 2005-06.
"The agri business loan exposure would be nearly 14 per cent of the bank's total credit portfolio," SBI Head of Agri Business Division Anup Banerji said.
He added the loan portfolio outstandings for agri business recorded a 49 per cent increase to Rs 30,516 crore in 2005-06 against Rs 20,526 crore in 2004-05.
The agriculture credit portfolio is growing at about 40 per cent in recent years while disbursal rate stands in the range of 70-80 per cent, he said.
During 2005-06, SBI disbursed Rs 17,250 crore as farm credit, recording nearly 82 per cent growth over the previous fiscal.
Out of the total agri loan exposure, he said about 40 percent is extended as crop loans.
The bank has maximum credit exposure for sugarcane, seed production, warehouse receipts, horticulture and dairy activities, he said.
SBI also extends short-term loans for buying agricultural inputs during Kharif and Rabi seasons.
In tune with the Government policy to raise credit flow to farm sector, the bank issued 11.3 lakh new Kishan Credit Card in 2005-06. Total KCC holders stood at 35 lakh in last fiscal.
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