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Rs. 3.81-crore revolving fund given

Staff Reporter

To 596 women self-help groups

KARUR: Banks in Karur district have granted revolving fund to the tune of Rs. 3.81 crore to a total of 596 women self-help groups. By the end of December, more than 780 groups would be granted revolving fund, District Revenue Officer C. Munirathinam said here on Thursday.

Addressing the district consultative committee of bankers, Mr. Munirathinam said that under the Swarna Jayanthi Gram Swarozgar Yojana in respect of economic activity, 34 SHGs have been sanctioned loan of Rs. 1.49 crore.

He said that so far Rs. 19 crore has been disbursed as loan to SHGs against the target of Rs. 37 crore. He advised the bankers to reach the taret before the end of the current fiscal.

Under the Prime Minister’s Employment Generation Programme, margin money to the tune of Rs. 90 lakh has been utilised to cover 39 beneficiaries against loan amounting to Rs. 3.02 crore. Mr. Munirathinam wanted the bankers to expeditiously process the loan and subsidy applications sent through TAHDCO based on merit and target.

A total of 14,899 Kisan Credit Cards have been issued up to October against the target for the current year that stood at 27,000. The worth was Rs. 53.06 crore, he pointed out.

Assistant General Manager, Reserve Bank of India, S. Selvaraj, and the Manager, NABARD, M. Parthiban, reviewing the performance advised the bankers to speed up sanction and disbursal of credits under various schemes. They also advised the representatives of private banks to consider the deserving and eligible cases for education loan.

Lead District Manager, K. Chandrasekaran, requested the bankers to cover all notified crops in the district under the crop insurance scheme to compensate the farmers in case of crop loss. Further, he instructed the bankers that each of the Indira Awas Yojana beneficiary be provided with a loan of Rs. 20,000 each at four per cent interest rate. Representatives of various banks participated in the deliberations.

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