CM Implores Banks To Lend Liberally

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After the constant reach out to the Center on prime issues, CM of Andhra Pradesh N Chandrababu Naidu has called upon the bankers to come forward to help the state government in promote entrepreneurship in rural areas.

Mr Naidu chaired the State Level Bankers Committee (SLBC) meeting in Vijayawada last week, where he said the government intends to have one entrepreneur from every house. He has requested  the bankers on the occasion, to extend co-operation by lending more. He said it is time bankers did away with the practice of lending based on land assets. The CM also said that already rural women had proved their potential and were now ready to throw a challenge to several big industrialists present in urban areas.

The banks play an important role in encouraging these rural women further and help them find a place in international market. For this, the banks need to lend liberally, he said. When the rural economy is stable and strong, steady growth rate is possible, he explained. Mr Naidu also added that for economic development, agriculture and allied sectors along with service sector are vital.

Highlighting the critical positioning of the banks in helping rural youth and women towards economic well being, Mr Naidu had suggested that banks should strengthen the state government by cooperating with its  development programs. He advised the bankers to work more with social consciousness than with a commercial approach.

Running through with the current tidings, the CM said the agriculture sector in the state had suffered a setback due to lack of rain in the current fiscal.

He explained the government initiatives in irrigation and agriculture sectors and asked the bankers to lend liberally to the farmers. The government was making every effort to make the state drought-proof so banks should lend more to the farm sector, he added.



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My City · News · Vijayawada
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