Telangana Dy CM Bhatti appeals to banks for support farmers amid drought

Telangana Deputy Chief Minister Bhatti Vikramarka has appealed to banks to aid farmers who are facing financial distress due to drought like situation due to El Nino.

Addressing a special meeting of the State Level Bankers’ Committee here at Praja Bhavan on Tuesday, Bhatti said 365 mandals have been declared drought affected and out of which 111 have been declared under severe drought. He appealed to banks to take a positive approach and restructure crop loans to eligible farmers.

He said new crop loans for the Rabi season should be disbursed on time. He further appealed to banks to take a positive attitude towards education and housing loans and increase lending to MSME and infrastructure sectors.

Bhatti gave directions to officials to provide credit to farmers for less water demanding crops. He also appealed to banks to provide financial assistance to farmers for crop diversification and micro irrigation. He also appealed to banks to aid farmers to start new agricultural season in confidence.

To improve rural incomes, he said steps can be taken to create more employment opportunities for 10-15% of farming families. He suggested providing up to ₹2 lakh loans to Self-Help Groups. He also suggested providing self employment loans to unemployed youth.

He also appealed to bankers to aid in implementing Rajiv Yuva Vikasam scheme by 19th of this month.

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Pavan Bandari

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