Andhra Pradesh Chief Minister N Chandrababu Naidu unveils credit plan for 2018-19

Chief Minister N Chandrababu Naidu unveiled the annual credit plan for 2018-19 with an outlay of Rs 1,94,220 crore.

Published: 14th July 2018 05:42 AM  |   Last Updated: 14th July 2018 05:42 AM   |  A+A-

By Express News Service

VIJAYAWADA: Chief Minister N Chandrababu Naidu unveiled the annual credit plan for 2018-19 with an outlay of Rs 1,94,220 crore. The credit plan includes Rs 1,44,220 crore for priority sectors and Rs 50,000 crore for non-priority sectors. The outlay of agriculture credit plan alone stood at Rs 1,01,564 crore.

During the 203rd meeting of the State Level Bankers Committee (SLBC) held in the Grievance Hall at his residence in Undavalli near here on Friday, Naidu sought the cooperation of bankers in lending loans in time particularly to priority sectors. “Our government is aiming to achieve inclusive growth and the timely support of bankers is crucial in this regard,” he said, adding that it will be beneficial to farmers to carry out their activity in time and get a good crop yield.

Naidu also wanted the bankers to seek cooperation of Farmers Empowerment Committee in extending agriculture loans. Stating that the government has been providing information of all sectors online ensuring transparency, he underscored the need for improving banking services and suggested that the bankers evolve plans for inclusiveness every month.

He also wanted the bankers to coordinate with the officials of agriculture, industries and horticulture departments and keep all details online. Stating that people are facing problems with the banking sector after demonetisation, he said they are not coming forward to deposit cash in banks due to prevailing confusion. He also mentioned that the State government has been facing problem to distribute money under NREGS due to shortage of cash in banks.

The Chief Minister said the bankers should come forward to develop all the regions. He said technology should be used for better results. The bankers informed that they are facing problem for making cash available in rural areas.

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