Telangana Minister Thummala Nageswara Rao asks banks to support farmers

Telangana Agriculture Minister Tummala Nageswara Rao asked banks to "go ahead" and give farmers relief like adjusting crop loans in drought hit areas following Reserve Bank of India guidelines.

At a special meeting of State Level Bankers' Committee (SLBC) in Praja Bhavan, Hyderabad, Deputy Chief Minister Mallu Bhatti Vikramarka participated in discussions regarding the drought situation in 2026 Kharif. A review of the 51st SLBC meeting was conducted.

However, from the details of the meeting, there is no record of the 51st meeting in the SLBC records. The 50th meeting was conducted on 19 August 2026 for the quarter ending June. (Metro India, Telangana SLBC)

He further added that banks should go ahead with sanctioning of Rabi crop loans to farmers. The target for disbursal has been set at Rs 38,268 crore. The minister also asked bankers to go out to farmers so that they do not have to go to the bank multiple times. He said 10-15 lakh borewell water levels were down and groundwater levels depleted twice as much as last year. He further added that loans should be made more easily available to farmers using drip and sprinklers.

Financial help is being given for pulses, oil seeds and horticulture. Loans should be provided to increase the area covered under oil palm, more credit should be provided to dairy, poultry and livestock. Timely loans should be provided to Farmer Producer Organisations and women's self help groups.

The minister said the well-being of farmers are a shared responsibility between the government and banks and asked officials to work with district collectors to provide better support to the farming community.

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