Patna: The Credit Deposit Ratio (CDR) in Bihar which stood at 34.9 per cent on March 31 was far lower than the national average at 77 percent, Deputy Chief Minister Sushil Kumar Modi said on Wednesday.

Deposits in public sector banks increased to Rs. 1.38 lakh crore at the end of last fiscal, with banks disbursing a loan of Rs 48,212 crore to take the CDR to 34.9 percent, Modi told reporters.

The CDR would go up to 36.7 percent if the loans distributed by the NABARD for infrastructure development in rural areas in the last fiscal were to be incorporated in the credit figures, Modi said.

The loan disbursal growth rate in the state increased by 23 percent in 2011-12 by commercial banks and 44 percent by regional rural banks, he said.

Modi said with farmers finding it difficult to get Kisan Credit Cards (KCCs) from commercial banks due to absence of Land Proprietorship Certificate, the state government has undertaken computerization and updation of land records.

A Joint Liability Group (JLG) has been set up to facilitate loan for those farmers who did not the LPC, Modi said.

A target has been set up for 2012-13 during which 50,000 farmers under the JLG will be given farm loan.


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