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Telangana Chief Secretary urges bankers to hold loan melas
Somesh Kumar has asked bankers to take proactive steps to increase economic activity in the State which would accelerate growth.
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| A+A A- By Express News Service
HYDERABAD: Chief Secretary Somesh Kumar has asked bankers to take proactive steps to increase economic activity in the State which would accelerate growth. The Chief Secretary held a meeting with bankers at BRKR Bhavan on Saturday. Somesh asked bankers to organise loan melas, open counters in shopping malls, offer additional interest rebates on sales, simplifying the loan process and documentation. The CS also suggested that bankers introduce new schemes for extending loans and fast track decision-making to uptake consumption in the State. He informed officials that Telangana’s Covid-19 control measures and vaccination strategy had been praised by Lancet Journal recently.
Banks achieve 72% Kharif loan target
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Updated:
₹10,791 crore disbursed as agri term loans
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₹10,791 crore disbursed as agri term loans
Banks in Telangana lent ₹22,936 crore in the first six months (April-September) this fiscal for Vanakalam (Kharif) crop season thus achieving 71.82% of the target.
Overall, 43% of the short term production (crop) loan target, including for the ongoing Rabi season, had been achieved. These numbers were shared following the State Level Bankers’ Committee (SLBC) meeting on Monday that reviewed the performance of the banks for the June and September quarters.
According to a release, SLBC president and SBI Chief General Manager Om Prakash Mishra, making a presentation, said banks disbursed ₹10,791 crore as agri term loans towards investment credit, agri allied, agri infra and agri ancillary activities up to September this fiscal.