The district Collector, Valluri Kranti, has instructed bankers to complete the Crop Loan waiver as soon as possible. This was discussed in a meeting with district banking officials at the IDOC office on Tuesday morning.
During the meeting, the collector emphasized the need for cooperation between the agriculture department’s Extension officers and bank officials in renewing crop loans. She also stressed the importance of implementing bank-specific plans to improve the process. Additionally, she urged bankers to work hard in providing schemes like PM EGP, PM JJ BY, and PM SBY to eligible farmers promptly. The officials were also directed to expedite the sanctioning of crop loans and inform farmers about the amount deposited in their loan accounts.
The bankers were instructed to take necessary steps to repay loans according to the plan, particularly focusing on completing PM EGP and PM FME loans promptly. The collector also expressed her desire to achieve targets related to handlooms and Mudra loans. She requested that oil palm farmers’ loans be converted into term loans without including the subsidy.
LDO Teja Deepta Behra emphasized that bankers should meet the RBI’s directions of completing 100 days and 100 claims. It was stressed that bankers should inform borrowers about this program and encourage them to complete it as soon as possible.
NABARD Ddm Shanmukha Chary highlighted the importance of tendering units related to food processing to avail subsidies and interest discounts from the government. In line with this, a loan plan of 4675.39 crores for the financial year 2023-2024 was announced for all sectors in the district. The plan includes 3530.60 crores for agricultural loans, 474.47 crores for MS MEs, 153.50 crores for other priority loans, and 516.82 crores for non-priority sectors.
The meeting was attended by NABARD DDM Shanmukha Chary, Teja Deepta Behra from RBI, LDM Ayyapa Reddy, DRDA Uma Devi, Horticulture officials Akbar, Govindaiah, Yadagiri, Venkata Lakshmi, and managers from SBI, Union Bank, AP GVB, and other banks.
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