Out of total Rs 41,00,286 crore, priority sector loan is proposed to be Rs 6,78,541 crore.
The priority sector focus on sectors other than agriculture including MSME, housing and education amounts to Rs 5,05,186 crore.
Amid strong objection from farmers, Shinde directed that banks should not make the condition of CIBIL score mandatory while giving crop loans.
CIBIL score acts as a first impression for the lender. The higher the score, the better the chances of the loan being reviewed and approved.
During 2023-24, out of the total annual loan scheme of Rs 33,90,601 crore, the state's achievement was Rs 38,70,381 crore which is about 114 per cent.
The total achievement under priority sectors was Rs 6,40,295 crore which is 98 per cent of the target of Rs 6,51,401 crore.
For the agriculture sector, banks have provided loans worth Rs 1,54,120 crore in 2023-24 against the target of Rs 1,68,481 crore.
Shinde said that the state government stands strongly with the farmers as agriculture is the backbone of the state's economy. Banks should support farmers in times of crisis and they should be more liberal in providing crop loans to small and marginal farmers.
"If banks do not provide financial assistance to farmers during the crisis, they have to raise money from other sources. That is why they take extreme steps like suicide," he said.
Shinde said that it was decided in the meeting that priority should be given to strengthening the District Central Cooperative Banks and Primary Agricultural Credit Societies in the state.
"Banks should try to strengthen these institutions for farmers. Urban co-operative banks, agricultural credit institutions and district banks should be supported by nationalized banks. Maharashtra has huge potential," he said.
The priority sector focus on sectors other than agriculture including MSME, housing and education amounts to Rs 5,05,186 crore.
Amid strong objection from farmers, Shinde directed that banks should not make the condition of CIBIL score mandatory while giving crop loans.
CIBIL score acts as a first impression for the lender. The higher the score, the better the chances of the loan being reviewed and approved.
During 2023-24, out of the total annual loan scheme of Rs 33,90,601 crore, the state's achievement was Rs 38,70,381 crore which is about 114 per cent.
The total achievement under priority sectors was Rs 6,40,295 crore which is 98 per cent of the target of Rs 6,51,401 crore.
For the agriculture sector, banks have provided loans worth Rs 1,54,120 crore in 2023-24 against the target of Rs 1,68,481 crore.
Shinde said that the state government stands strongly with the farmers as agriculture is the backbone of the state's economy. Banks should support farmers in times of crisis and they should be more liberal in providing crop loans to small and marginal farmers.
"If banks do not provide financial assistance to farmers during the crisis, they have to raise money from other sources. That is why they take extreme steps like suicide," he said.
Shinde said that it was decided in the meeting that priority should be given to strengthening the District Central Cooperative Banks and Primary Agricultural Credit Societies in the state.
"Banks should try to strengthen these institutions for farmers. Urban co-operative banks, agricultural credit institutions and district banks should be supported by nationalized banks. Maharashtra has huge potential," he said.
