The Hindu : Andhra Pradesh News : Banks told to ensure all farmers get loans

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Thursday, Dec 30, 2010
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Andhra Pradesh

Andhra Pradesh

Banks told to ensure all farmers get loans

Special Correspondent

HYDERABAD: Chief Minister N. Kiran Kumar Reddy has emphasised that official machinery should go to the fields and ensure that bank loans reach farmers, particularly tenant farmers.

Mr. Kiran Kumar reviewed crop loans distribution with Chief Secretary and other officials at his camp office on Wednesday, ahead of the 172 State-Level Bankers Committee meeting at Jubilee Hall on Thursday.

Describing the SLBC meeting as crucial, Mr. Reddy said that all banks would be asked to sanction new loans first to enable the farmers raise fresh crops and follow it up with re-scheduling of earlier crop loans. With Micro Finance Institutions (MFI) having restricted their lending due to regulations, banks should extend loans liberally.

The bankers would also be asked to take responsibility to see that the deserving tenant farmers in the affected districts got the loans. The banks would be requested to reschedule the loans in 607 mandals affected by heavy rains from October end to December this year, Mr. Reddy said. He also requested MPs from the State to exert pressure on the Centre to announce a special package for the farmers at the earliest.

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