Lok Sabha Question No. 903 (UNSTARRED), answered on 2022-12-12
Subject: Bank Loans for Industries in Rural Areas
Ministry: FINANCE
Asked by: Kishan Kapoor

## Government of India Ministry of Finance Department of Financial services

## LOK SABHA UNSTARRED QUESTION NO. 903

## TO BE ANSWERED ON DECEMBER 12, 2022/AGRAHAYANA 21, 1944 (SAKA)

## Bank Loans for Industries in Rural Areas

## 903. SHRI KISHAN KAPOOR:

Will the Minister of FINANCE be pleased to state:

- (a)  the details of number of youths provided loan facility by the Public Sector Banks to set up industries in rural areas after the Covid period in the country, State-wise; and
- (b) the minimum and maximum rate of interest at which loans are provided by these banks for starting their own business?

## ANSWER

Minister of State in the Ministry of Finance

(Dr. BHAGWAT KARAD)

- (a) and (b)    Setting up of industries is a State subject.  However, banks provide credit to youths for setting up industries across the country including rural areas.   As per RBI circular dated 9 th April, 2010, all credit related matters of banks, including charging rate of interest (ROI), have been deregulated and are governed by the bank's own lending policies, considering relevant factors such as cost of funds, margin, risk premium etc. within the extant regulatory guidelines.

As per the data provided by Public Sector Banks,  more than 12 lakh loans have been extended in rural areas across the country, after the Covid period i.e. from April, 2020 to November, 2022.

The state-wise details are annexed.

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| Annexure-I in respect of Lok Sabha Unstarred Question No. 903 for reply on 12.12.2022   | Annexure-I in respect of Lok Sabha Unstarred Question No. 903 for reply on 12.12.2022   | Annexure-I in respect of Lok Sabha Unstarred Question No. 903 for reply on 12.12.2022   | Annexure-I in respect of Lok Sabha Unstarred Question No. 903 for reply on 12.12.2022   |
|-----------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|
| State/UT-wise detail of loans after Covid period (From April, 2022 to November, 2022)   | State/UT-wise detail of loans after Covid period (From April, 2022 to November, 2022)   | State/UT-wise detail of loans after Covid period (From April, 2022 to November, 2022)   | State/UT-wise detail of loans after Covid period (From April, 2022 to November, 2022)   |
| Sr No                                                                                   | State Name                                                                              |                                                                                         |                                                                                         |
| 1                                                                                       | Andaman and Nicobar Islands                                                             | 991                                                                                     |                                                                                         |
| 2                                                                                       | Andhra Pradesh                                                                          | 2,10,451                                                                                |                                                                                         |
| 3                                                                                       | Arunachal Pradesh                                                                       | 2,052                                                                                   |                                                                                         |
| 4                                                                                       | Assam                                                                                   | 27,354                                                                                  |                                                                                         |
| 5                                                                                       | Bihar                                                                                   | 59,026                                                                                  |                                                                                         |
| 6                                                                                       | Chandigarh                                                                              | 409                                                                                     |                                                                                         |
| 7                                                                                       | Chhattisgarh                                                                            | 22,530                                                                                  |                                                                                         |
| 8                                                                                       | Dadra and Nagar Haveli                                                                  | 153                                                                                     |                                                                                         |
| 9                                                                                       | Daman and Diu                                                                           | 59                                                                                      |                                                                                         |
| 10                                                                                      | Delhi                                                                                   | 1,684                                                                                   |                                                                                         |
| 11                                                                                      | Goa                                                                                     | 7,971                                                                                   |                                                                                         |
| 12                                                                                      | Gujarat                                                                                 | 26,400                                                                                  |                                                                                         |
| 13                                                                                      | Haryana                                                                                 | 11,581                                                                                  |                                                                                         |
| 14                                                                                      | Himachal Pradesh                                                                        | 26,585                                                                                  |                                                                                         |
| 15                                                                                      | Jharkhand                                                                               | 33,235                                                                                  |                                                                                         |
| 16                                                                                      | Karnataka                                                                               | 72,763                                                                                  |                                                                                         |
| 17                                                                                      | Kerala                                                                                  | 16,192                                                                                  |                                                                                         |
| 18                                                                                      | Lakshadweep                                                                             | 211                                                                                     |                                                                                         |
| 19                                                                                      | Madhya Pradesh                                                                          | 94,720                                                                                  |                                                                                         |
| 20                                                                                      | Maharashtra                                                                             | 77,498                                                                                  |                                                                                         |
| 21                                                                                      | Manipur                                                                                 | 5,229                                                                                   |                                                                                         |
| 22                                                                                      | Meghalaya                                                                               | 3,257                                                                                   |                                                                                         |
| 23                                                                                      | Mizoram                                                                                 | 673                                                                                     |                                                                                         |
| 24                                                                                      | Nagaland                                                                                | 2,042                                                                                   |                                                                                         |
| 25                                                                                      | Odisha                                                                                  | 73,454                                                                                  |                                                                                         |
| 26                                                                                      | Pondicherry                                                                             | 3,829                                                                                   |                                                                                         |
| 27                                                                                      | Punjab                                                                                  | 22,112                                                                                  |                                                                                         |
| 28                                                                                      | Rajasthan                                                                               | 38,831                                                                                  |                                                                                         |
| 29                                                                                      | Sikkim                                                                                  | 1,985                                                                                   |                                                                                         |
| 30                                                                                      | Tamil Nadu                                                                              | 1,24,852                                                                                |                                                                                         |
| 31                                                                                      | Telangana                                                                               | 42,398                                                                                  |                                                                                         |
| 32                                                                                      | Tripura                                                                                 | 3,330                                                                                   |                                                                                         |
| 33                                                                                      | Union Territory of Jammu and Kashmir                                                    | 6,090                                                                                   |                                                                                         |
| 34                                                                                      | Union Territory of Ladakh                                                               | 298                                                                                     |                                                                                         |
| 35                                                                                      | Uttar Pradesh                                                                           | 1,72,949                                                                                |                                                                                         |
| 36                                                                                      | Uttarakhand                                                                             | 20,161                                                                                  |                                                                                         |
| 37                                                                                      | West Bengal                                                                             | 68,022                                                                                  |                                                                                         |
|                                                                                         | Total                                                                                   | 12,81,377                                                                               |                                                                                         |