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Collector urges banks to achieve targets on time
The District Consultative Committee (DCC) and District Level Review Committee (DLRC) launched the 16th Annual Credit Plan programme at Hyderabad Dist Collector Office, Nampally, on Tuesday. Held under the chairmanship of Collector K Nirmala, the programme was attended by leading bank managers and other departmental heads of the district.
The District Consultative Committee (DCC) and District Level Review Committee (DLRC) launched the 16th Annual Credit Plan programme at Hyderabad Dist Collector Office, Nampally, on Tuesday. Held under the chairmanship of Collector K Nirmala, the programme was attended by leading bank managers and other departmental heads of the district.
Speaking at the programme K Nirmala said, “Loans for development and welfare schemes for the year 2015-2016 are to be grounded by all the participating banks and releases are to be made to the beneficiaries as per the targets allocated.” The collector urged the banks to ground the schemes well in time to achieve their targets.The collector also said that the bankers experiencing any problems from willful and recalcitrant borrowers can opt for the support of Revenue Recovery Act personnel and police for recovery of old and bad debts.
She opined that Annual Credit Plan for the year should be concrete and lend more support to education, small business and housing loans. Amberpet MLA G Kishan Reddy put across the problems faced by the poor beneficiaries. “Beneficiaries are made to run from pillar to post, since the submission of the loan application to scheme being grounded, which is close to three to four months. Banks should focus more on the poor and weaker section of the society and also encourage Self Help Group lendings to women,” he observed.
Addressing the gathering, State Bank of Hyderabad (SBH) lead bank manager Nageswar Rao said, “The Annual Credit Plan for the year 2015-2016 would be implemented in full, as per the targets allocated to respective participant banks. Instructions have been given the concerned bank heads for cent percent grounding of the schemes by the financial year ending.”
“Pensions to the aged, widows and physically handicapped would be distributed promptly at their respective centres before fifth of every month through bank accounts to ensure prompt and hassle free credit to their account,” the district collector said. Annual District Credit Plan Book 2015-2016 was also released at the event by the district collector.
