Regarding the 18th State Level Bankers Committee Meet (SLBC), Agriculture Minister Pocharam Srinivas Reddy along with Finance Minister Etela Rajender urged bankers to ensure that farmers are not put to any hardships when they approach banks to encash Rythu Bandhu cheques on Thursday.And he said bankers should take extra care and ensure enough cash was kept ready before the programme kick starts.
He said cheques would be distributed to 58 lakh farmers in the State, and of them 62 per cent were small and marginal farmers. “Bankers support is crucial for the success of the scheme,” he said, and advised them to hold district level and mandal level bankers meeting where clear instructions for easy and quick disbursal of money should be emphasised.Some banks had failed to reach their annual targets on agriculture loans distribution, the Minister said and hoped they would put in efforts to reach the target for 2018-19 financial year.
Rajender, said there was only 5.38 per cent Non-Performing Assets (NPA) in agriculture sector and wanted to know the figures for corporate sector. He advised bankers to monitor loan disbursal progress after the banks issue loans for developmental programmes. He thanked the banks for financially supporting Mission Kakatiya and Mission Bhagirtha programmes.
Rajender requested the bankers to support poor people for setting up of business rather than favouring the rich. He said the State government’s programmes were aimed at improving financial condition of villagers. “Why have the bankers failed to implement SLBC decisions take in earlier meetings?” Rajender said.