Chief minister Y S Rajasekhara Reddy on Monday asked banks to disburse Rs 7,081 crore crop loans to farmers by August month-end so that the total lending to farmers this kharif matches the target of Rs 14,100 crore.
Interacting with bankers and urging them to review the drought condition in the state and increase credit flow to agriculture, the chief minister directed the departments concerned to co-ordinate with the bankers for a solution.Reddy said good rainfall in the past few days was an encouraging sign for farmers, who have gone in for alternative crops.
"More than 50% of the lending (for kharif 2009) has taken place in the past 20 to 25 days and banks have disbursed Rs 7,019 crore crop loans till August 15," Reddy said.President of State Level Bankers Committee (SLBC) R S Reddy in his inaugural address expressed optimism that bankers would not have any major problem in achieving the total target of Rs 14,100 crore for kharif 2009 by September.
He asked the agriculture department to advise their officers to send identified farmers with proper documents in a phased manner to the bank branches so that early disbursals could be ensured.Regarding cooperative farming, the banks have sought time to study the concept, the SLBC president said.
Anantapur district was top in the list of maximum loan amount disbursed to farmers. A total of Rs 982.5 crore has been disbursed since April 1 this year against a target of Rs 1,140.5 crore. Other districts where loans disbursal targets were more than Rs 1,000 crore include West Godavari and Guntur, but only 55% of the target could be achieved as on Aug 15.
Interacting with bankers and urging them to review the drought condition in the state and increase credit flow to agriculture, the chief minister directed the departments concerned to co-ordinate with the bankers for a solution.Reddy said good rainfall in the past few days was an encouraging sign for farmers, who have gone in for alternative crops.
"More than 50% of the lending (for kharif 2009) has taken place in the past 20 to 25 days and banks have disbursed Rs 7,019 crore crop loans till August 15," Reddy said.President of State Level Bankers Committee (SLBC) R S Reddy in his inaugural address expressed optimism that bankers would not have any major problem in achieving the total target of Rs 14,100 crore for kharif 2009 by September.
He asked the agriculture department to advise their officers to send identified farmers with proper documents in a phased manner to the bank branches so that early disbursals could be ensured.Regarding cooperative farming, the banks have sought time to study the concept, the SLBC president said.
Anantapur district was top in the list of maximum loan amount disbursed to farmers. A total of Rs 982.5 crore has been disbursed since April 1 this year against a target of Rs 1,140.5 crore. Other districts where loans disbursal targets were more than Rs 1,000 crore include West Godavari and Guntur, but only 55% of the target could be achieved as on Aug 15.
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