Dena Bank to increase agriculture loan book

Dena Bank is planning to increase its agriculture loan book by focusing on allied sectors by way of investment credit or term loans. It has taken this move taking into consideration delays in monsoons, which might affect the credit off take in the agriculture sector.

The bank expects to disburse close to Rs 500 crore to the agriculture sector this year. Term loans are generally given for allied activities such as digging of wells, drip irrigation, and purchase of agricultural equipment and machinery. It also includes loans to agri-industries such as horticulture, sericulture, fisheries, dairy and poultry.