Staff Reporter

Immediate action should be taken on petitions received

Nagercoil: The Collector, B. Jothi Nirmala has urged the bankers to give educational loans to qualified and eligible students to pursue their higher education.

Presiding over a review meeting (performance) of various banks in the district, she said that immediate action would be taken on the petitions received during the grievance day meeting and the petitioners should also be intimated about the action taken on the petition.

The district administration planned to provide various loans under various sectors to the tune of Rs.1,273.83 crore in the year 2008-09. Of that, Rs.129.08 crore had been disbursed under agricultural sector up to June 30, Rs.3.19 crore under industrial sector and Rs.39 crore under service sector.

Around 10,301 new farmers were identified and loan had already been given to them under various sectors. Steps had already been taken to provide loan for the setting up of ‘Agriculture service centres and agriculture allied activities’ with an intention to motivating unemployed agri-graduates in the district. Various banks in the district disbursed loans to as many as 1,313 students to pursue higher education up to August 31, 2008. The sum of Rs.9.59 crore had also been disbursed to 1,319 student so far in the current year.

The Government had also allotted Rs.1 crore to issue revolving fund to 1,000 self-help groups. Necessary steps had also been taken to provide loans to 20 self-help groups to undertake economic activities. In this connection, proposals had already been sent to various banks.

Under THADCO, the Government allotted Rs.2.8 lakh to 215 beneficiaries to under take economic activities, Rs.3 lakh to 343 beneficiaries to issue revolving fund and Rs.6.85 lakh to 57 persons to undertake economic activities. As many as 25,879 self-help groups had accounts in various banks. The sum of Rs.35.25 crore had been issued as loan to 2075 self-help groups through various banks as loans so far in the current year. The Senior Regional Manager of Indian Overseas Bank C.S. Theivavel, the Project Officer (Mahalir Thittam), S. Theiva Nayaki, and Lead Bank Manager, P. Chandra Sekaran, participated.