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FINANCE MINISTER (SHRI ARUN JAITLEY)
(a) to (d) : A Statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO LOK SABHA STARRED QUESTION NO.609
FOR ANSWER ON 8TH MAY, 2015 REGARDING BANK LOAN TABLED BY SHRI
KAUSHAL KISHORE AND DR. VIRENDRA KUMAR
(a): The total outstanding gross bank credit of Public Sector Banks
stood at Rs.46.5 lakh crores as on 20th March 2015. Of that the
outstanding loans to various sectors including agriculture &
allied activities, industries and housing sector as on 20/03/2015
(provisional) are as under:
(Rs.
in lakh crore)
Item 20/03/2015
1. Agriculture
& Allied Activities 6.48
2. Industry
(Micro & Small, Medium and Large) 21.32
3. Housing
(Including Priority Sector Housing) 4.30
4. Services 10.07
Source: RBI
(b): Interest subvention of 2 % to Public Sector Banks, Regional
Rural Banks and Cooperative Banks in respect of short term crop
credit up to 3.00 lakh is provided by Government for the benefit of
farmers. Besides this, a 3% incentive is provided for prompt
repayment of loan. Other Ministries also provide subsidy under
various schemes of their sector such as MSME, Textile etc.
administered by them.
(c) and (d): Reserve Bank of India (RBI) and Government has taken
several legal and procedural steps towards better recovery of loans
from different sectors and for improvement in asset quality of
banks. Banks have been instructed to have a Board approved loan
recovery policy and take recourse to legal mechanisms like SARFAESI
Act, 2002, Debt Recovery Tribunals and Lok Adalats apart from
information sharing and systems of early detection of distress for
which RBI has issued guidelines on 30th January, 2014.
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