Expedite sanction of loans, banks told

Expedite sanction of loans, banks told
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Highlights

Addressing the bank coordinators’ meet on Friday, he assured bankers that the district administration would form loan recovery panel to ensure that loans provided under the relevant scheme would be recovered as per schedule.

Joint Collector II J Radhakrishna Murthy says Kapu Loan Mela in East Godavari district will be held in the third week of March

Kakinada: Addressing the bank coordinators’ meet on Friday, he assured bankers that the district administration would form loan recovery panel to ensure that loans provided under the relevant scheme would be recovered as per schedule.

Speaking on the occasion, Kapu Welfare Corporation director Yerra Venugopal Rayudu said that the TDP government was committed to the welfare of Kapus.

He also said that the Kapu Loan Mela in East Godavari district would be held in the third week of March. He also announced that the same programme would be held in Kadapa district on March 12.

East Godavari BC Corporation executive director M Jyothi said that a total of 5,000 beneficiaries were selected for grounding of projects, with Rs 15 crore and same amount would be paid towards subsidy.

Lead bank district manager S Jagannatha Swamy, SC Corporation executive director Anuradha and representatives of various banks were also present.

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