Staff Reporter

Of the total outlay, Rs.1,438.22 crores has been earmarked for crop loans

Achieve targets set for implementation of welfare schemes with unused funds: Collector

Equal emphasis should be laid on recovery of loans and clearing of bad debts, he says

VIJAYAWADA: Krishna district Collector N. Sridhar unveiled the Annual Credit Plan for 2009-10 with an outlay of Rs. 4,034.88 crores, here on Wednesday.

Of the total outlay, Rs.1,438.22 crores has been earmarked for crop loans as against last year’s allocation of Rs. 1,365.92 crores. The credit plan also proposes to disburse loans worth Rs. 500 crores to 30,000 self-help groups (SHGs) this year.

While loans of a total value of Rs. 82.88 lakhs would be disbursed under the Rajiv Abhyudaya Yojana to backward classes for setting up of 518 units, Rs.5.57 crores would be disbursed under the Rajiv Yuvasakthi Patham to 300 individuals and 30 groups. Similarly, Rs.116 crores has been earmarked for 7,848 SHGs under the Indira Kranthi Patham (Urban).

On the occasion, Mr. Sridhar noted that the Rs.1,365.92-crore target set for disbursement of crop loans last year could not be achieved due to implementation of model code of conduct. Crop loans to the tune of only Rs. 1,116.40 crore could be disbursed last year. As many as 15 units had been set up at a cost of Rs. 15.89 lakhs in sericulture sector last year.

The Collector suggested to the officials to achieve the targets set in implementation of welfare schemes for the SCs, STs, BCs and minorities with unutilised funds of the financial year 2008-09.


Pointing out that the district was lagging behind in completion of third phase of Indiramma houses, he asked the officials to speed up the works.

Expressing the view that the bankers play a key role in successful implementation of welfare schemes, Mr. Sridhar asked the officials to regularly invite bankers for review meetings. In the same breath, he asked the officials of welfare departments to ensure that the loans were repaid in time and necessary legal action taken to clear bad debts.

Lead bank (Indian Bank) Manager Sivaprasada Rao, District Rural Development Agency Project Director S. Satyanarayana, IKP Director K. Sivasankara Rao, District Youth Welfare Officer Velaga Joshi, S.C.S.C.S. Limited Executive Director S.S. Raj, BC Society Executive Director P.A. Siva Prasad, Indian Bank Circle Head M. Ramachandra Nayak and others were present.