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“Give priority to education loans”

Staff Reporter

Theni Collector for savings accounts for all farm workers

THENI: Top priority should be given to education loan and steps should be taken to open savings bank account for all rural farm workers who registered their names under Mahatma Gandhi National Rural Employment Guarantee Scheme in the district, advised Collector K.S. Palanisamy.

He was presiding over a bankers' meeting held at Collectorate here on Tuesday evening.

Education loan was essential for poor and meritorious students to continue their higher studies.

Lack of funds should not stop them from pursuing higher education.

The bankers should be liberal in disbursing educational loan to eligible students, he pointed out.

Similarly, an account in the bank will be helpful for NREGS workers to avail benefits of state and central government schemes.

Special care was necessary in opening savings account for NREGS workers, Dr. Palanisamy stated.

Annual credit plan outlay for this fiscal was 1,272.87 crore which was Rs.1,141.56 crore in the previous financial year.

The banks had disbursed 1.5 crore as revolving fund to 1,505 SHGs, economic grant worth Rs.88 lakh to 88 SHGs and Rs.11.6 lakh as individual loan to 241 differently-abled persons and Rs.1.7 crore as revolving fund to 1,700 SHGs in rural areas, he added.

In 2010-11, the banks had disbursed Rs.60 crore of educational loan only, he added.

The bank officials including Reserve Bank Deputy General Manager Sathish and Periakulam MLA A. Lazer took part.

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