Bankers to release Pasupu Kumkuma scheme funds
Bankers to release Pasupu Kumkuma scheme funds

Bankers to release Pasupu Kumkuma scheme funds

తక్షణం ‘పసుపు-కుంకుమ’

Tuesday, Oct 23, 2018
Addressing the 204th SLBC of Andhra Pradesh meeting today, the Chief Minister advised the bankers to pay compensation to Titli cyclone victims in time and to tackle any shortage of cash. When the Chief Minister asked the bankers to extend cooperation towards those who are donating to the Chief Minister's Relief Fund to help Titli cyclone victims, the bankers said they are going to open an international gateway for the convenience of non-resident Indians.

CM directed the bankers to pay the amount released by State government under the Pasupu Kumkuma scheme before 15th November. The State government has released Rs. 1,814.82 Cr through which, Rs. 2,000 each will be paid to 86 Lac DWCRA women under Pasupu Kumkuma scheme.

The bankers were also asked to help with the housing project taken up by the State government. As part of the annual credit plan, a target had been set to give loans to a tune of Rs. 1,01,564 Cr under the agricultural sector, out of which Rs. 31,007 Cr has already been released in the first quarter. For MSMEs, the banks released loans to a tune of Rs. 9,715 Cr along with Rs. 47,234 Cr for other sectors.

The bankers said that as per the directions of the Chief Minister, loans to the tune of Rs 2,530.24 Cr were given to 2,52,756 tenant farmers in the first half of the year. The Chief Minister further asked the bankers to extend loans to farmers of horticulture sector as well. Against the annual credit plan of Rs. 1,94,220 Cr, the bankers released loans to the tune of Rs. 89,991 Cr.
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