Collector wants sanctioning of fresh loans to them in affected mandals
ONGOLE: District Collector, Kantilal Dande, has asked the bankers to open new accounts for at least 25,000 farmers and extend them loan to widen the network for agricultural lending in the district.
Addressing District Consultative Committee meeting of bankers held here on Tuesday, he said that every bank branch should identify at least 100 farmers and bring them under the purview of institutional lending. The banks should open accounts on the basis of fresh adangal if such farmers failed to produce their pattadar passbooks.
As the government declared drought in 52 out of total 56 mandals in the district, he wanted the bankers to reschedule crop loans and sanction fresh loans to farmers in the affected mandals. The bankers agreed to increase credit limit for redgram up to Rs. 10,000 per acre to help farmers meet increased expenses and encourage them to take to redgram to meet shortfall in production.
The banks extended loans amounting to Rs. 100 crore as against target of Rs. 253 crore for self-help groups. While they agreed to sanction bridge loans amounting to Rs. 67 crore, they sanctioned only Rs. 3.84 crore till now impeding house construction. The Collector exhorted the banks to sanction bridge loans liberally to help the self help group members construct their houses.
He expressed unhappiness over poor performance in providing total financial inclusion to farmers. The banks sanctioned loans of Rs. 5.92 crore as against target of Rs. 131 crore under this head.
As byelection to Zilla Parishad was over, he wanted the SC Corporation to revive its lending program and ground the schemes. Mr. Kantilal Dande said that only five per cent of farmers availed crop insurance facility in the district. He asked bankers to encourage farmers pay insurance premium for crops like paddy, maize, sunflower, groundnut, redgram etc to extend the coverage. RBI representative Mahadeva Desai, Syndicate Bank regional manager, Raja Narasaiah and Nabard regional manager, Naresh Kumar attended.