A Rs. 4,357.9 crore annual credit plan was released for Prakasam district on Saturday with agriculture getting a lion’s share of Rs. 3,384.07 crore for 2013-14.
District Collector and District Consultative Committee Chairman G.S.R.K.R.Vijaykumar released the credit plan which projected advances to the tune of Rs. 4005.69 crore lending to the priority sector including Rs.301.46 crore to the Medium, Small and Micro Enterprises (MSME) sector.
The banks in the district had advanced loans for Rs. 4,059 crore during 2012-13 as against the target of Rs. 3,680 crore.
Syndicate Bank Deputy General Manager M. Mohan Reddy gave a projection of Rs. 2,600.32 crore, an increase of 27.46 per cent over last year to accommodate the revised scales of finance, coverage of new farmers including tenants.
Given the power shortage, Solar schemes would get liberal financing in this fiscal, he said. Andhra Pragathi Grameena Bank, Syndicate Bank and Andhra Bank had financed 181 solar home lighting systems during last year.
Banks in the district had lent Rs. 2,655 crore for short term crop loans during last year as against the target of Rs. 2,040 crore.
Taking up issues concerning SHGs, the district Collector urged bankers not to put curbs on the members on withdrawing their deposits. Banks had no right to delete the names of any SHG member on its own. It was for the SHG concerned to pass a resolution to that effect.
District Rural Development Agency Project Director A. Padmaja urged bankers to fund liberally disabled self help groups.
Lead District Manager J.V.S.Prasad said banks faced difficulty in recovery of bridge loans for housing advanced SHG members.