Bank of baroda

Amount
% of net
Amount
% of net
Amount
% of net
bank
bank
bank
credit 
(1)
credit 
(1)
credit 
(1)
Agriculture credit
39,485.60
16.24
45,747.30
15.45
56,030.30
14.96
SSI credit
33,156.70
13.64
36,300.80
12.26
40,472.60
10.81
Other priority sector credit 
(2)
45,101.00
18.55
53,193.00
17.96
56,562.10
15.10
Priority sector credit total
117,743.30
48.44
135,241.10
45.67
153,065.00
40.87
Net bank credit
243,071.10
296,156.10
374,474.40
(1)
Net bank credit is gross bank credit less FCNR (B) deposits.
(2)
Includes transport, retail trade and certain loans to individuals for education and other purposes.
Community Support
Bank has set up an institution by the name Baroda Swarojgar Vikas Sansthan (BSVS) in the five regional centres of
Lucknow in Uttar Pradesh, Gandhinagar and Surat in Gujarat, Jaipur in Rajasthan and Theur in Maharashrtra. The
objective of BSVS is to educate and train unemployed youth to generate sustainable self employment or community
employment.
Developments
We recognize the priority sector, in particular farm credit and SSI lending, as growth areas for us and we intend to
enhance our business in these areas by implementing the following initiatives:
We have entered into memoranda of understanding with eight leading tractor-manufacturing companies for financing
tractors under a tie-up arrangement;

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BANK OF BARODA
We have initiated a special scheme for financing second hand tractors that is targeted towards small-scale farmers;
We have identified an additional 509 branches from which to drive intensive agricultural lending;
We have successfully implemented the credit guarantee fund trust scheme of India in our bank, which we believe
will allow us to grow our SSI portfolio through 47 specialised SSI branches; and
We have entered into tie-up arrangements with processing industries for contract farming. Under contract farming
we allocate priority funding for the cultivation of specific crops to farmers supplying to the processing industries. We
have also developed relationships with central commodity boards such as the tea board, coffee board, rubber
board, spices board and coir board for this purpose.