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Bankers’ help sought for agriculture growth

Bankers’ help sought for agriculture growth
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Highlights

With an outlay of Rs 1,94,220 crore, Chief Minister N Chandrababu Naidu released the SLBC credit plan for the financial year 201819 at his residence at Undavalli in Guntur district on Friday

Amaravati: With an outlay of Rs 1,94,220 crore, Chief Minister N Chandrababu Naidu released the SLBC credit plan for the financial year 2018-19 at his residence at Undavalli in Guntur district on Friday.

In the 203rd State Level Banker’s Committee (SLBC) meeting, the priority sector lending has been projected at Rs 1,44,220 crore, and non-priority sector lending is estimated to be Rs 50,000 crore.

The credit plan also allocated Rs 10,457 crore for major industries, Rs 3,745 crore for MSMEs, Rs 14,028 crore for micro enterprises, Rs 11,500 small enterprises and Rs 2,733 crore for medium enterprises.

Further, the agriculture credit is projected at Rs 1,01,564 crore, in which Rs 75,000 crore for short-term lending and Rs 7,500 crore for tenant farmers, Rs 21,323 crore for agriculture and allied sector, Rs 241 crore for agriculture infrastructure and Rs 5,000 crore for other allied activities.

Chandrababu Naidu informed the bankers at the meeting while releasing the credit plan that they must cooperate for the growth in agriculture sector, particularly in horticulture, aquaculture and cold chain development for the storage of produced agriculture goods.

The Chief Minister said bankers should come forward to help the beneficiaries in a big way. He said people are facing problems with banking sector after demonetisation. He said people are not coming forward to deposit cash in banks with prevailing confusion. He said the State government has been facing problems to distribute money under NREGS due to shortage of cash in banks.

The Chief Minister said bankers should come forward to develop all the regions. He said technology should be used for better results. Naidu asked the bankers to prepare plans for inclusiveness every month. He said banks should be performing in nature. The State government has been providing information of all sectors online and achieved good growth rate in agriculture sector, he pointed out.

The bankers informed that they were facing problems in making cash available in rural areas. Stating that the State government successfully resolved crisis in mango market in Chittoor district with an action plan and giving subsidy to mango farmers, the Chief Minister asked the bankers to resolve crisis with proper planning.

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