Tamil Nadu - Perambalur   

Banks urged to expedite loan disbursal

By Our Staff Reporter

PERAMBALUR, APRIL 23 . A meeting of the District Consultative Committee has urged bank officials to expedite the disbursal of loans sanctioned during 2003-04 under the Prime Minister's Rozgar Yojana (PMRY).

Though the deadline for disbursal was September 30, the banks should expedite the process, for the benefit of the educated unemployed, said the speaking at the meeting held here on Thursday.

The Collector, S. Natarajan, said banks had sanctioned loans to the tune of Rs. 54.23 lakhs to 375 unemployed youths, as against the target of 350 during the last year. Yet, in terms of disbursal, only 171 borrowers were sanctioned Rs. 47.28 lakhs.

He also appealed to the bank officials to achieve the target fixed under the subsidy-linked programme of the Khadi and Village Industries Commission - Rural Employment Generation Programme (KVIC-REGP), for which Rs.13 lakhs was allocated to the district this year.

The District Industries Centre (DIC) General Manager, S. Asokan, said loans should be expeditiously disbursed to enable the beneficiaries to take up self-employment, and to help the DIC impart entrepreneurial skills to them.

The Lead District Officer, Reserve Bank of India, P.M. Rajagopal, pointed out that loan disbursal was delayed even for a section of skilled borrowers, exempt from training.

The District Rural Development Agency Project Officer, L. Raja, said that under the Swarna Jayanthi Grama Swarozgar Yojana, revolving funds to the tune of Rs.60.75 lakhs was released to 243 self-help groups as against the target of 140. This included a subsidy of Rs.24.30 lakhs. Against the target of 250, 281 individuals were sanctioned loans, he said.

J. John Britto, Project Officer, (in-charge), Mahalir Thittam, and R.Venkatasubramanian, Lead District Manager, Indian Overseas Bank, spoke.

Printer friendly page  
Send this article to Friends by E-Mail

Tamil Nadu

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• Banks urged to expedite loan disbursal

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu