Andhra Pradesh - Khammam   

Step up rural lending, Minister tells bankers

Staff Reporter

Dhanalakshmi Bank inaugurated

KHAMMAM: Union Minister of State for Women and Child Development Renuka Chowdhury has wanted bankers to step up rural lending giving priority to women's empowerment schemes. Inaugurating Dhanalaksmi Bank in the town on Saturday, she said private banks also had the responsibility to meet the credit needs of women engaged in economic activity.

She said bankers could overcome the problems pertaining to recovery only by educating beneficiaries. She said farmers were in need of a helping hand from bankers.

Bank's managing director P.S. Prasad said the bank was aiming at Rs. 5,000-crore turnover by March next. It had already crossed the Rs. 4,300-crore mark. Operating with 185 branches, the bank was fast expanding its network. The advances of the bank were over Rs. 1,700 crores. Khammam Collector Sashibushan Kumar and Chamber of Commerce president K. Naresh Kumar were among those who spoke.

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Step up rural lending, Minister tells bankers

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