VIJAYAWADA: The 211th State Level Bankers’ Committee (SLBC) meeting held on Wednesday under the chairmanship of Chief Minister YS Jagan Mohan Reddy has opted to improve the quantum of plantation loans by 11.9 percent. The boost in general loans is pegged at 9.78 percent when compared with previous year.
The goal for agriculture loans for 2020-21 has been fixed at Rs 1,28,660 crore, that will be significantly more than the half the overall loan outlay of Rs ,51,600 crore, officials advised that the Chief Minister.
Elaborating about the welfare strategies being employed at the State, Jagan said that the State authorities is decided to disburse zero attention loans to farmers in time and asked the bankers to submit the required particulars.
“We have cleared the dues of the previous TDP government. The zero rate interest due to the farmers this year will also be paid. The government is setting up godowns, grading and storage facilities along with food processing units; this must be supported by the banks,” he included.
The Chief Minister stated in August and September, YSR Cheyutha and YSR Asara plans will be started benefiting over a crore girls. YSR Cheyutha will offer Rs 18,750 per annum per to SC, ST, BC, Minorities girls aged between 45 and 60 for a span of four decades, whereas YSR Asara would profit 90 lakh girls self groups (SHGs).
The State will invest Rs 11,000 crore yearly on both of these schemes, aimed toward self-reliance, ” the Chief Minister said, adding that the two approaches will change the rural market.
The goals fixed for a variety of sectors comprise Rs 39,600 crore for Micro, Small and Medium Enterprises (MSMEs), that can be a 10 percent increase over the last year, Rs 1,900 crore for schooling loans, Rs 9,710 crore for home, Rs 410 crore for societal infrastructure, Rs 454 crore for renewable power and Rs ,400 crore for mechanisation in agriculture industry. The priority industry will likely be sanctioned Rs .88 lakh crore, a increase of 10.88 percent compared to previous year.
The bankers said they’ve attained 99.42 percent of the goal for 2019-20 by disbursing loans worth Rs two,27,882 crore and at the agriculture industry, they published 99.13 percent of loans worth Rs 1,13,997 crore as against the targeted Rs 1,15,000 crore.
“The YSRC government is according priority to farmers, women and healthcare,” Deputy Chief Minister Dharmana Krishna Das stated, throughout the assembly. Officials, on the other hand, have hunted the bankers’ aid from the irrigation industry.
Chief Secretary Nilam Sawhney, other senior officers and agents of banks attended the assembly.