189
for the purpose. This is not any critical comment on banks’ behaviour, for it
was an explicit part of public policy not to allow banks to earmark more than
1.5% of net bank credit for RIDF as indirect credit under the priority sector
target. But, if the banks default more, there is no punishment of an RIDF
contribution and hence they can easily escape the priority sector obligations.
How much is that, is what one is required to know.
Divergences between Bank’s Actual Deposits into RIDF and Sizes of
Corpuses
What is more,
the processes involved in placing demand on individual
banks for contributing to RIDF based on each bank’s share in the Corpus
assigned by RBI, have left behind sizeable amounts with banks themselves
Table 6.5: Tranche-wise Details of RIDF (As at end-March 2010)
(Amount in
`
crore)
Tranche Beginning
of the
Tranche
No. of
Projects
Corpus* Deposits
Received
Loans
Sanctioned
Loans
Disbursed
Ratio of Loans
Disbursed to Loans
Sanctioned (per cent)
I
1995
4,168 2,000 1,587 1,906
1,761
92.4
II
1996
8,193 2,500 2,225 2,636
2,398
91.0
III
1997 14,345 2,500 2,308 2,733
2,454
89.8
IV
1998
6,171 3,000 1,413 2,903
2,482
85.5
V
1999 12,106 3,500 3,052 3,435
3,055
88.9
VI
2000 43,168 4,500 4,081 4,489
4,071
90.7
VII
2001 24,598 5,000 4,074 4,582
4,053
88.5
VIII
2002 20,887 5,500 5,188 5,950
5,149
86.5
IX
2003 19,548 5,500 4,873 5,638
4,916
87.2
X
2004 16,530 8,000 6,420 7,672
6,489
84.6
XI
2005 29,771 8,000 6,421 8,320
6,605
79.4
Closed Tranches I to XI
XII
2006 41,955 10,000 7,775 10,411 7,280
69.9
XIII
2007 36,890 12,000 7,835 12,706 7,601
59.8
XIV
2008 85,465 14,000 6,442 14,708 6,653
45.2
XV
2009 39,015 14,000 4,228 15,630 3,474
22.2
XVI
2010 41,779 16,000
18,315
3731
20.4
Total
4,02,810 1,00,000 67,921 1,03,718 68,440
66.0
Separate Window of Bharat Nirman Programme
XII
2006
-
4,000 3,946 4,000
4,000
100
XIII
2007
-
4,000 3,416 4,000
4,000
100
XIV
2008
-
4,000 3,817 4,000
4,000
100
XV
2009
-
6,500 3,626 6,500
6,500
100
Total
-
18,500 14,805 18,500 18,500
100
Grand Total
4,02,810 1,18,500 82,725 1,22,218 86,940
71.1
-': Nil/Not Available. *: Provided by the Government of India.
Source:
NABARD. [This is a reproduction from RBI (2010):
Report on Trend and Progress of Banking in
India 2009-10
, p.133; even the above footnotes are from the same source].
