Andhra Bank Chairman and Managing Director R. Ramachandran on Friday suggested the Dr. B.R.Ambedkar University to start diploma courses in rural banking since such courses would enable students to understand the economic activities in villages and provide opportunities to get jobs in their own localities.
Speaking as a chief guest in the national seminar ‘Irrigation Development Policy and Agriculture in India since Independence' in the university, he said that Andhra Bank was playing a key role in providing loans to farmers to increase the farm activity in the State.
“We have been disbursing farm loans on priority basis throughout the State. The bank has also released Rs.2,800 crore to self-help groups. Concerted efforts of irrigation and agricultural departments will certainly change the face of rural economy,” Mr. Ramachandra Rao said.
Etcherla MLA Meesala Neelakantham, Former in-charge Vice-Chancellor Y. Satyanarayana, the university registrar Vaddadi Krishna Mohan, seminar convenor P. Chiranjeevulu addressed the seminar.
Meanwhile, Rs.2.5 crore loans were distributed to various beneficiaries at Etcherla Mahila Pranganam. Self-help groups were told to clear old loans and get additional financial support from banks. District
In charge Collector E. Sridhar, Andhra Bank Deputy General Manager R. Appadu, Lead Bank Manager Ch. Srinivas Shastri and participated in the meeting.