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Volume of lending to the Minority Communities had soared from Rs. 4,000 crore in the year 2004-5 to Rs. 66,500 crore in the year 2013-14. Presenting the Interim Budget in the Lok Sabha today, the Union Finance Minister, P. Chidambaram said that ten years ago, the Minorities had 14,15,000 bank accounts in 121 districts of India where there is concentration of Minorities. At the end of March 2013, they had 43,52,000 accounts and volume of lending rose to Rs. 66,500 crore. Loans to Minorities Communities in the whole country stood at Rs. 211,451 crore at the end of December 2013.
Lending to Minority Communities increased substantially over the decade, reflecting expanded access to bank accounts and credit. Significant expansion in formal credit and account penetration occurred for Minority Communities between 2004-05 and 2013-14: lending to Minority Communities rose markedly over the decade and the number of bank accounts in districts with concentrations of minorities expanded materially, presented as aggregate indicators of increased access to banking and credit facilities for these communities.Press 'Enter' after typing page number.