Kochi, Dec 28 (PTI): The credit flow to the agriculture sector needs improvement as it was essential for the success of the Food security programme of the government, Ernakulam District collector, P I Sheik Pareeth today said. Presiding over the District level Review committee meeting of the banks, here, he said educational loans are not being extended by all banks as per norms. Some banks are deviating from the rules and delaying sanction of the educational loans, he said adding he was getting several complaints in this regard. The next bank adalat in the district would be held on Jan 21 for settlement of small value loans in default. Pareeth sought the banks support in achieving the target set for employment to one lakh persons by starting small cottage and village industries. Ajith Patil, Secretary Kochi corporation, urged banks to promote schemes under USHUP and BSUP which are for the betterment of the poor. The corporation was planning to have a street vendor development scheme in national prespective to provide hygenic vendors in the city. Bank deposit increased by rs 685 crore during June to September this year to a level of total deposit of rs 38,463 crore. Advancse decreased by rs 3882 croer during the period to a level of rs 52,304, a bank press release said. Mayank Mehta, Deputy General Manager Union Bank of India; Jayaprakash K R, Lead District Manager; K D Joseph AGM Reserve Bank of India, were among those who participated in the meeting.
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