N Chandrababu Naidu releases annual credit plan worth Rs 1,65,538 crore
Vijayawada: Chief Minister N. Chandrababu Naidu has released the state credit plan in bankers meeting here on Thursday. As per the plan, Rs 1,65,538 crore is the estimated credit for 2016-2017, out of which Rs 83,000 crore is for the agriculture sector.
Mr Naidu requested the bankers to complete the targets accordingly and that the government would provide all possible support to meet the targets. The government would release Rs 3,500 crore for the second term agriculture loan waiver scheme on June 22, he said, and added that the bankers should pay the amount to farmers immediately.
He also requested the bankers to provide loans as per the action plan and support the state development. He expressed displeasure on the diversion of funds for non-allocated departments.
As a result, development targets are not reached as per specific plans. The bankers and the government should work in coordination to avoid problems, he added.
Mr Naidu said that women of self-help groups would work as bank representatives in villages. The government is implementing various welfare schemes at the grassroot level, he said, and that the bankers’ cooperation is required for it.
The Nabard has allocated only Rs 500 crore for smart villages and which is not sufficient, he said, and requested the bankers to increase the allotments in double. He said that groundwater reserves have increased from various plans of the state government.
The results would come in near future from these plans, he added. Ministers P. Pulla Rao, Ganta Srinivasa Rao and several officials were also present. Total loan plan is Rs 1,65,538 crore, Rs 1,25,538 crore was allocated for priority sector and Rs 40,000 crore for non-priority sector.
