Banks agree to disburse Rs. 780-crore farm loans

Special Correspondent

ONGOLE: Bankers have agreed to extend agricultural loans of Rs. 780 crores in Prakasam district during the current year.

Addressing bankers' consultative committee meeting here on Saturday, the district Collector, B. Udaya Lakshmi, said that farmers were provided loans of Rs. 659 crores last year as against the target of Rs. 648 crores. She thanked bankers for conducting loan melas and extending highest amount of loans last year. She said that nature also helped farmers reap a good harvest last year.

She said 35,500 farmers, who did not get any loan from banks earlier, were identified and brought into institutional credit net and they were provided loans totalling Rs. 91 crores.

Appeal to bankers

She exhorted bankers to work with the same spirit this year and achieve their target. The Government was providing 90 per cent subsidy for farmers who raised bio-diesel plants like jatropa or wild castor and 60 per cent for other varieties.

She asked bankers to extend loans to 4,500 rytu mitra groups. They should also cover all villages for extending loans under the Rajiv Yuvasakthi programme.

The Collector said the Government sanctioned houses for low-income groups in urban areas under Rajiv Gruhakalpa and wanted bankers to extend loans to beneficiaries. It was proposed to construct 2,000 houses in Ongole, 750 in Chirala and 500 each in Kandukur and Markapur municipal towns in ground-plus-three floors.

The Collector directed State Bank of India not to shift its branch at Marrivemula.

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