Banks within Alappuzha district have made significant strides in their lending efforts, disbursing a remarkable ₹6,957 crore in loans during the first quarter of the 2025-26 fiscal year. This impressive figure was announced at a recent meeting of the District Level Banking Committee (DLBC), highlighting the district’s robust financial activity.
With an ambitious annual lending target of ₹25,000 crore, the banking sector in Alappuzha has already achieved 27.83% of this goal between April and June. This early progress sets a positive tone for the rest of the fiscal year.
The district’s financial health is further underscored by total bank deposits reaching ₹54,948 crore, while overall advances currently stand at ₹30,988 crore. The credit-deposit ratio for the period was a solid 56%, indicating healthy financial intermediation.
A substantial portion of the disbursed funds, ₹4,598 crore, was directed towards the priority sector, fulfilling 28.24% of its yearly target. This focus on key areas aims to foster inclusive economic growth across the region.
Boosting Critical Sectors: Farm, Education, and Housing Loans
During this quarter, a total of ₹56.03 crore was provided as education loans, supporting 1,006 students in their academic pursuits. Furthermore, housing loans amounting to ₹275.27 crore benefited 3,866 individuals and families, helping them secure homes. The Pradhan Mantri Mudra Yojana also saw significant activity, with ₹193.03 crore released to 16,550 beneficiaries, promoting entrepreneurship and small businesses. Farmers received considerable support, with ₹2,723 crore extended as agricultural loans, representing 23% of the annual target for the farm sector.
Beyond priority areas, banks also channeled ₹2,358 crore into the non-priority sector, achieving 27.05% of its annual target. Self-help groups (SHGs) received ₹102.45 crore across 1,186 accounts, empowering local communities. The industrial sector also experienced a boost, securing ₹1,689 crore in financing, which constitutes an impressive 45.34% of its annual target.
The DLBC meeting, inaugurated by District Collector Alex Varghese, included important discussions on financial security. Deputy Superintendent of Police Santhosh from the District Crime Records Bureau and Inspector Elias P. George delivered an insightful session on cybersecurity, emphasizing the importance of safeguarding digital transactions. Key banking officials present included State Bank of India Regional Manager Sujith S.R., Reserve Bank of India Lead District Officer Manikandan, Lead Bank Manager M. Arun, National Bank for Agriculture and Rural Development (NABARD) District Development Manager Minu Anvar, and Lead Bank Deputy Manager Lalithambika, who collectively oversaw the quarterly review and planning sessions.