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Andhra CM N Chandrababu Naidu asks banks to be ready to pay Titli victims

The CM urged the bankers to pay the amount released by the State government under ‘Pasupu Kumkuma’ scheme to the beneficiaries before November 15.

Published: 25th October 2018 08:10 AM  |   Last Updated: 25th October 2018 08:10 AM   |  A+A-

Cyclone Titli

Cyclone Titli. (File Photo | Biswanath Swain/EPS)

By Express News Service

VIJAYAWADA: Chief Minister N Chandrababu Naidu has asked the bankers to be prepared to pay compensation to the victims of cyclone Titli and ensure that there is no cash shortage. 

ALSO READ | Andhra delegation calls on PMO, seeks immediate aid for Titli relief works

Naidu, who spoke at the 204th State Level Bankers Committee meeting held at the Interim Government Complex in Velagapudi on Wednesday, asked the bankers to extend cooperation to those who are donating to the Chief Minister’s Relief Fund for cyclone relief works. The bankers said they are ready to open an international gateway for the convenience of the NRIs.

The CM urged the bankers to pay the amount released by the State government under ‘Pasupu Kumkuma’ scheme to the beneficiaries before November 15. The government has released Rs 1,814.82 crore to pay Rs 2,000 each to 86 lakh DWCRA women under Pasupu Kumkuma scheme. The CM warned that if the bankers fail to pay the amount to beneficiaries, he would be forced to ask the Dwcra groups to stage a dharna in front of the banks.

The Chief Minister urged the bankers to come forward to extend cooperation as his government is taking up housing for the poor in a big way. 

The bankers said as per the directions of the CM, they have released loans to a tune of Rs 2,530.24 crore to 2,52,756 tenant farmers. The CM directed the bankers to extend loans to the horticulture sector. 

The bankers achieved 46.33 per cent under annual credit plan in the first quarter. The bankers released loans to the tune of Rs 89,991 crore. 



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