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AP: Banks should provide more support to government schemes

State Finance Minister Mr. Bugna Rajendranath Reddy has appealed to banks to provide more support to various development welfare schemes being implemented by the state government. The 214th State Level Bankers Committee (SLBC) meeting chaired by him was held at the Fifth Block, Amravati Secretariat on Monday. He said that many schemes were being implemented continuously. He also appealed to the banks to extend all possible assistance to make the various welfare schemes being implemented by the government more successful.

State Agriculture Minister Mr. Kursala Kannababu reminded the bankers that Chief Minister Jaganmohan Reddy had expressed his displeasure at the SLBC meeting last December on the failure to provide better results in lending to tenant farmers and asked them to make plans to provide better loans to tenant farmers in the coming financial year as well as agriculture related to Kisan credit cards. He also appealed for assistance to farmers in areas such as fisheries and livestock development. It was suggested that dispute resolution centers with a toll free number should be set up at least at the district level to resolve issues.

SLBC Convener and Union Bank of India GM Mr. Brahmananda reddy welcomed the gathering and explained the agenda details of the conference through a power point presentation. Explaining the annual plan targets achieved by various banks till the end of last December, he said the state had to lend Rs 87,550 crore under the priority sector, while Rs 53,474 lakh had been disbursed and 81.83 per cent of the target had been achieved.

Under the MSME sector, Rs 39,600 crore has to be disbursed while Rs 33,424 crore has been disbursed and 84.40 per cent of the target has been achieved. Under the non-priority sector, Rs 64,51 crore is to be given while Rs 77,763 crore is to be given to achieve the target of 121.41 per cent.

NABARD CGM Mr. Sudhir Jannawar said the state is the largest lender to tenant farmers in the country. He lauded all the banks for achieving better targets, especially for providing large scale credit facilities to agriculture.

Reserve Bank of India GM Mr. Sundaram Shankar lauded the bankers for keeping the national credit rating at 6.2 per cent and 15.92 per cent in the AP. He said the Reserve Bank of India was paying special attention to financial inclusion. UBI CGM Mr. Lal Singh said that banks should pay special attention to providing loans to tenant farmers and urged banks to come forward to provide assistance for the creation of infrastructure in the fisheries sector under the Atma Nirbhar Bharat program.

Several issues were reviewed at this state level bankers committee meeting. The meeting was attended by Special Principal Secretary Ms. Poonam Malakondaiah, Chief Secretaries Ms. Udaya Lakshmi, Ms. Sunita, Mr. Rizvi, several secretaries, other officials, lead bank managers of various districts, chairmen of rural banks and state level coordinators of various banks.

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