Andhra Pradesh - Kurnool   

Banks urged to increase lending to priority sector

Special Correspondent

ALL FOR FARMERS: Collector M. Dana Kishore addressing a one-day workshop on rural non-farm sector in Kurnool on Tuesday. — Photo: U.Subramanyam

KURNOOL: Collector M. Dana Kishore has called upon bankers to double their lending to priority sector saying that it is in a position to absorb more credit on account of increased irrigation potential.

Addressing a workshop on rural non-farm sector here on Tuesday, he said development of agri-based industries or non-farm industries hinged on financial support from bankers.

He said Kurnool district was one of the few places in the State where there was good scope of development of industries.

Industrialisation would generate more jobs and ensure good prices for farmers. The State Government had advised the district administration to promote cultivation of a type of grape. A scheme was introduced to set up vineyards. He said apart from farmers, woman groups also emerged as potential borrowers in the district influencing the business of banks.

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

Stories in this Section

Banks urged to increase lending to priority sector
Rice millers cautioned

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu