CM’s Action Points for Bankers and Farm Loans

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The CM’s recent interaction with the bankers at the SLBC meeting in Vijayawada saw some stern appeal made to the bankers. The CM aksed the bankers to stop focussing on the gold loans and start looking at granting flexible farm loans to the farmers.

To this effect, action points have been arrived at for the bankers so that more convenient finance options can be made to the farmers in the state.

“Bankers should extend credit to make agriculture sustainable: CM”

Action Points

The CM has appointed 3 committees for better coordination between the Govt and Banks

Emphasizing the role of bankers in making agriculture profitable and sustainable in Andhra Pradesh, Chief Minister N. Chandrababu Naidu directed bankers to have empathy towards farmers, by extending credit to them.

Speaking at the SLBC meeting, the Chief Minister said that bankers should play a proactive role in helping the government create awareness among farmers on replaying loans on time.

He stressed on the need for integration of various colleges and universities for skill development to improve self-employment opportunities for youth in the state.

Meanwhile, SLBC convener Suresh N. Patel informed that the annual credit plan for 2016-17 stands at Rs 1,65,538 cr. In the first quarter of the financial year 33,188 cr extended to priority sector, Rs 3,243 cr to non-priority sector registering 28 per cent loans in the first quarter.

The Chief Minister also said that bankers need to come forward to extend loans to tenant farmers. He said banks should not insist on mortgage of gold while extending agricultural loans. He said that the state government is planning to increase the GSDP on agricultural by extending necessary assistance to farmers in the way of distribution of inputs, fertilizers, seeds and marketing facilities.

To ensure proper coordination, the Chief Minister announced 3 committees which will help transform agriculture into a profitable and a sustainable sector.

Committees appointed:

1. A committee to monitor sanctioning of loans to tenant farmers with the help of loan eligible certificate, certificate of cultivation under the presidentship of Chief Commissioner of Land reforms AC Puneta.

2. Another committee was appointed under the presidentship of chief secretary of social welfare SS Rawat to set up units and prepare action plan to provide employment to youth.

3. The third committee was appointed under the presidentship of Panchayat Raj commissioner B Ramanjaneyulu to improve industrial infrastructure in the state.

These three committees will submit their recommendations within three weeks to prepare an action plan for implementation of several schemes. Ministers Devineni Umamaheswara Rao, Pattipati Pulla Rao, Kollu Ravindra, SC Finance corporation chairman Jupudi Prabhakara Rao, SLBC chairman Suresh N Patel and others were present.



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