Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-trace').style.display = (document.getElementById('cakeErr68026a1a1e0e9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68026a1a1e0e9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-code').style.display = (document.getElementById('cakeErr68026a1a1e0e9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-context').style.display = (document.getElementById('cakeErr68026a1a1e0e9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68026a1a1e0e9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68026a1a1e0e9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 6161,
		&#039;title&#039; =&gt; &#039;Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;
&lt;br /&gt;
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;
&lt;br /&gt;
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;
&lt;br /&gt;
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;
&lt;br /&gt;
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;
&lt;br /&gt;
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;
&lt;br /&gt;
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 6255,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 6161,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Agriculture&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&amp;ldquo;We had 60 rural branches last year and will...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;&lt;br /&gt;With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;&lt;br /&gt;According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;&lt;br /&gt;Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;&lt;br /&gt;New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;&lt;br /&gt;Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;&lt;br /&gt;It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 6161,
	&#039;title&#039; =&gt; &#039;Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;
&lt;br /&gt;
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;
&lt;br /&gt;
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;
&lt;br /&gt;
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;
&lt;br /&gt;
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;
&lt;br /&gt;
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;
&lt;br /&gt;
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 6255,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 6161
$metaTitle = &#039;LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;
$metaKeywords = &#039;Agriculture&#039;
$metaDesc = &#039;
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&amp;ldquo;We had 60 rural branches last year and will...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;&lt;br /&gt;With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;&lt;br /&gt;According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;&lt;br /&gt;Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;&lt;br /&gt;New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;&lt;br /&gt;Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;&lt;br /&gt;It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi | Im4change.org</title>
    <meta name="description" content="
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&ldquo;We had 60 rural branches last year and will..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Banks confident of meeting agriculture lending targets  by Parnika Sokhi</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">Take a host of initiatives to ramp up presence in rural markets.<br /><br />With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.<br /><br />&ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.<br /><br />According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.<br /><br />&ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&rdquo; said Chakrabarthy.<br /><br />Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.<br /><br />New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.<br /><br />&ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.<br /><br />Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&rdquo; said Bhat.<br /><br />YES Bank is planning to launch loans against gold in a couple of months. &ldquo;It is a secure business and can be used for lending towards agricultural activities,&rdquo; said Bhat.<br /><br />Even public sector banks have not met the targets. &ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.<br /><br />It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.</div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-trace').style.display = (document.getElementById('cakeErr68026a1a1e0e9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68026a1a1e0e9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-code').style.display = (document.getElementById('cakeErr68026a1a1e0e9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-context').style.display = (document.getElementById('cakeErr68026a1a1e0e9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68026a1a1e0e9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68026a1a1e0e9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 6161,
		&#039;title&#039; =&gt; &#039;Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;
&lt;br /&gt;
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;
&lt;br /&gt;
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;
&lt;br /&gt;
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;
&lt;br /&gt;
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;
&lt;br /&gt;
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;
&lt;br /&gt;
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 6255,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 6161,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Agriculture&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&amp;ldquo;We had 60 rural branches last year and will...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;&lt;br /&gt;With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;&lt;br /&gt;According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;&lt;br /&gt;Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;&lt;br /&gt;New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;&lt;br /&gt;Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;&lt;br /&gt;It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 6161,
	&#039;title&#039; =&gt; &#039;Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;
&lt;br /&gt;
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;
&lt;br /&gt;
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;
&lt;br /&gt;
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;
&lt;br /&gt;
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;
&lt;br /&gt;
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;
&lt;br /&gt;
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 6255,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 6161
$metaTitle = &#039;LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;
$metaKeywords = &#039;Agriculture&#039;
$metaDesc = &#039;
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&amp;ldquo;We had 60 rural branches last year and will...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;&lt;br /&gt;With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;&lt;br /&gt;According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;&lt;br /&gt;Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;&lt;br /&gt;New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;&lt;br /&gt;Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;&lt;br /&gt;It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi | Im4change.org</title>
    <meta name="description" content="
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&ldquo;We had 60 rural branches last year and will..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Banks confident of meeting agriculture lending targets  by Parnika Sokhi</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">Take a host of initiatives to ramp up presence in rural markets.<br /><br />With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.<br /><br />&ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.<br /><br />According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.<br /><br />&ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&rdquo; said Chakrabarthy.<br /><br />Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.<br /><br />New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.<br /><br />&ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.<br /><br />Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&rdquo; said Bhat.<br /><br />YES Bank is planning to launch loans against gold in a couple of months. &ldquo;It is a secure business and can be used for lending towards agricultural activities,&rdquo; said Bhat.<br /><br />Even public sector banks have not met the targets. &ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.<br /><br />It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.</div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-trace').style.display = (document.getElementById('cakeErr68026a1a1e0e9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68026a1a1e0e9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-code').style.display = (document.getElementById('cakeErr68026a1a1e0e9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68026a1a1e0e9-context').style.display = (document.getElementById('cakeErr68026a1a1e0e9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68026a1a1e0e9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68026a1a1e0e9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 6161,
		&#039;title&#039; =&gt; &#039;Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;
&lt;br /&gt;
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;
&lt;br /&gt;
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;
&lt;br /&gt;
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;
&lt;br /&gt;
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;
&lt;br /&gt;
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;
&lt;br /&gt;
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 6255,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 6161,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Agriculture&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&amp;ldquo;We had 60 rural branches last year and will...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;&lt;br /&gt;With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;&lt;br /&gt;According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;&lt;br /&gt;Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;&lt;br /&gt;New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;&lt;br /&gt;Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;&lt;br /&gt;It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 6161,
	&#039;title&#039; =&gt; &#039;Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;
&lt;br /&gt;
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;
&lt;br /&gt;
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;
&lt;br /&gt;
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;
&lt;br /&gt;
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;
&lt;br /&gt;
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;
&lt;br /&gt;
Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;
&lt;br /&gt;
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 6255,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 6161
$metaTitle = &#039;LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi&#039;
$metaKeywords = &#039;Agriculture&#039;
$metaDesc = &#039;
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&amp;ldquo;We had 60 rural branches last year and will...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;Take a host of initiatives to ramp up presence in rural markets.&lt;br /&gt;&lt;br /&gt;With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&amp;rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.&lt;br /&gt;&lt;br /&gt;According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&amp;rdquo; said Chakrabarthy.&lt;br /&gt;&lt;br /&gt;Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.&lt;br /&gt;&lt;br /&gt;New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&amp;rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.&lt;br /&gt;&lt;br /&gt;Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &amp;ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;YES Bank is planning to launch loans against gold in a couple of months. &amp;ldquo;It is a secure business and can be used for lending towards agricultural activities,&amp;rdquo; said Bhat.&lt;br /&gt;&lt;br /&gt;Even public sector banks have not met the targets. &amp;ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&amp;rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.&lt;br /&gt;&lt;br /&gt;It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&amp;rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi | Im4change.org</title>
    <meta name="description" content="
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&ldquo;We had 60 rural branches last year and will..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Banks confident of meeting agriculture lending targets  by Parnika Sokhi</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">Take a host of initiatives to ramp up presence in rural markets.<br /><br />With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.<br /><br />&ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.<br /><br />According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.<br /><br />&ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&rdquo; said Chakrabarthy.<br /><br />Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.<br /><br />New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.<br /><br />&ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.<br /><br />Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&rdquo; said Bhat.<br /><br />YES Bank is planning to launch loans against gold in a couple of months. &ldquo;It is a secure business and can be used for lending towards agricultural activities,&rdquo; said Bhat.<br /><br />Even public sector banks have not met the targets. &ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.<br /><br />It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.</div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 6161,
		'title' => 'Banks confident of meeting agriculture lending targets  by Parnika Sokhi',
		'subheading' => '',
		'description' => '<div align="justify">
Take a host of initiatives to ramp up presence in rural markets.<br />
<br />
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.<br />
<br />
&ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.<br />
<br />
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.<br />
<br />
&ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&rdquo; said Chakrabarthy.<br />
<br />
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.<br />
<br />
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.<br />
<br />
&ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.<br />
<br />
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&rdquo; said Bhat.<br />
<br />
YES Bank is planning to launch loans against gold in a couple of months. &ldquo;It is a secure business and can be used for lending towards agricultural activities,&rdquo; said Bhat.<br />
<br />
Even public sector banks have not met the targets. &ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.<br />
<br />
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
</div>',
		'credit_writer' => 'The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 6255,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 6161,
	'metaTitle' => 'LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi',
	'metaKeywords' => 'Agriculture',
	'metaDesc' => '
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&ldquo;We had 60 rural branches last year and will...',
	'disp' => '<div align="justify">Take a host of initiatives to ramp up presence in rural markets.<br /><br />With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.<br /><br />&ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.<br /><br />According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.<br /><br />&ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&rdquo; said Chakrabarthy.<br /><br />Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.<br /><br />New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.<br /><br />&ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.<br /><br />Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&rdquo; said Bhat.<br /><br />YES Bank is planning to launch loans against gold in a couple of months. &ldquo;It is a secure business and can be used for lending towards agricultural activities,&rdquo; said Bhat.<br /><br />Even public sector banks have not met the targets. &ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.<br /><br />It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.</div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 6161,
	'title' => 'Banks confident of meeting agriculture lending targets  by Parnika Sokhi',
	'subheading' => '',
	'description' => '<div align="justify">
Take a host of initiatives to ramp up presence in rural markets.<br />
<br />
With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.<br />
<br />
&ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.<br />
<br />
According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.<br />
<br />
&ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&rdquo; said Chakrabarthy.<br />
<br />
Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.<br />
<br />
New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.<br />
<br />
&ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.<br />
<br />
Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&rdquo; said Bhat.<br />
<br />
YES Bank is planning to launch loans against gold in a couple of months. &ldquo;It is a secure business and can be used for lending towards agricultural activities,&rdquo; said Bhat.<br />
<br />
Even public sector banks have not met the targets. &ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.<br />
<br />
It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.
</div>',
	'credit_writer' => 'The Business Standard, 24 February, 2011, http://www.business-standard.com/india/news/banks-confidentmeeting-agriculture-lending-targets/426287/',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'banks-confident-of-meeting-agriculture-lending-targets-by-parnika-sokhi-6255',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 6255,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 6161
$metaTitle = 'LATEST NEWS UPDATES | Banks confident of meeting agriculture lending targets  by Parnika Sokhi'
$metaKeywords = 'Agriculture'
$metaDesc = '
Take a host of initiatives to ramp up presence in rural markets.

With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.

&ldquo;We had 60 rural branches last year and will...'
$disp = '<div align="justify">Take a host of initiatives to ramp up presence in rural markets.<br /><br />With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year.<br /><br />&ldquo;We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,&rdquo; said S Chakrabarthy, deputy managing director, Axis Bank.<br /><br />According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture.<br /><br />&ldquo;The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,&rdquo; said Chakrabarthy.<br /><br />Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities.<br /><br />New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds.<br /><br />&ldquo;As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,&rdquo; said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches.<br /><br />Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. &ldquo;We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,&rdquo; said Bhat.<br /><br />YES Bank is planning to launch loans against gold in a couple of months. &ldquo;It is a secure business and can be used for lending towards agricultural activities,&rdquo; said Bhat.<br /><br />Even public sector banks have not met the targets. &ldquo;We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,&rdquo; said M D Mallya, chairman and managing director, Bank of Baroda.<br /><br />It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda&rsquo;s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.</div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

Banks confident of meeting agriculture lending targets by Parnika Sokhi

Take a host of initiatives to ramp up presence in rural markets. With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year. “We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,” said S Chakrabarthy, deputy managing director, Axis Bank. According to the Trend and Progress Report of 2010 published by the Reserve Bank of India (RBI), a host of public and private banks failed to give the mandated 18 per cent of their net bank credit to agriculture. “The bank has deployed focused departments with specialised personnel who are working on retail agriculture loans. Also, due to the seasonality factor, we normally see a pick-up in agricultural lending in the fourth quarter,” said Chakrabarthy. Within agricultural lending, banks are supposed to lend 13.5 per cent of net bank credit directly for agriculture, while 4.5 per cent can be given for related activities. New private sector banks find it difficult to achieve the direct lending target because of lack of good presence in semi-urban and rural areas. Also, RBI has disallowed inclusion of buy-out of gold loans given by non-banking financial companies under agricultural lending, as there was uncertainty on the end use of such funds. “As a new bank with less penetration in semi-urban and rural areas, we had to rely to some extent on portfolio buy-outs, which included tractor loans as well as loans against gold,” said Saurabh Bhat, group executive vice president, development banking, YES Bank. The bank has 24 rural and 47 semi-urban branches. Despite this, the bank is confident of achieving the targets this year, with the help of new initiatives. “We have recently started a programme for small and middle-level farmers to finance them so that they can keep their commodities in warehouses. We have done a few disbursements already,” said Bhat. YES Bank is planning to launch loans against gold in a couple of months. “It is a secure business and can be used for lending towards agricultural activities,” said Bhat. Even public sector banks have not met the targets. “We stepped up normal agricultural lending and as a result there was growth of 30 per cent. With this, we hope to reduce the gap or meet our agricultural lending target fully this financial year,” said M D Mallya, chairman and managing director, Bank of Baroda. It depends on the size of the overall net bank credit, as it is relative to this number that priority sector lending targets have to be achieved. For example, Bank of Baroda’s lending to agriculture of Rs 21,617 crore in 2009-10 constituted only 16.7 per cent of the entire net bank credit. Dhanlaxmi Bank overshot the 18 per cent target by lending Rs 759 crore to agriculture.