Collector tells bankers at consultative committee meet

Ensure all round development of farming community by extending credit support to farmers. In particular bankers could adopt a holistic approach towards lending for horticulture activities in tune with the State government initiatives, District Collector V.Shobana told the bankers at the District Consultative Committee meeting here on Thursday.

Urging the bankers to reach out to the vulnerable sections of the farmers through credit assistance, Ms.Shobana counselled the bankers to organise loan recovery camps by sensitising the beneficiaries on the merits of prompt credit repayment.

The Collector admonished some banks on their reluctance to extend education loans to eligible applicants and pointed out that it was their duty to participate in social development.

Reminding them of the sufferings of poor students Ms.Shobana said that extending a helping hand for educating the wards of poor was a noble deed and it ensures good future for the students and their family.

Reviewing the performance of the banks in Karur district, she said that under the government sponsored schemes a total of 116 woman self help groups have been granted Rs.75.40 lakh as revolving fund and another 904 SHGs have been granted Rs.16.40 crore as direct lending. In respect of TAHDCO, a sum of Rs.1.65 crore has been allotted as subsidy to implement entrepreneurship development programme and other such activities in the district.

In respect of SJSRY Rs.8.50 lakh has been allotted as subsidy. A total of 15,654 Kisan Credit Cards to the tune of Rs. 94 crore have been issued to farmers in the district.

Business correspondents

Chief Regional Manager, Indian Overseas Bank, C.Anbu, informed the gathering that 53 out of the identified 75 villages have been provided with business correspondents for broad-basing banking activities in rural areas. Lead District Manager K.Chandrasekaran urged the bankers to speed up credit disbursal as only four months were left to meet the targets under government sponsored schemes for the current year.

Additional Superintendent of Police P.Rajan, Reserve Bank of India representative Yogesh Karsa, NABARD AGM A.Parthiban and senior banking officials from the various banks in the district participated .

  • 116 woman self help groups granted Rs.75.40 lakh as revolving fund
  • 15,654 Kisan Credit Cards to the tune of Rs. 94 crore issued to farmers