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District Collector K. Elambahavath connected Thursday (June 18) said banks successful the territory distributed ₹38,134 crore successful loans for education, agriculture, MSMEs and Magalir Thittam during the fiscal twelvemonth 2025-26.
He was presiding implicit the district-level bankers’ gathering astatine the Collectorate. Mr. Elambahavath said Salem territory has 562 banks, including 239 nationalist assemblage ones, 202 backstage ones and 121 Tamil Nadu grama banks and territory cooperative banks.
The full magnitude includes ₹25,001 crore for agriculture schemes and women’s self-help groups (SHGs); ₹11,320 crore for MSMEs; and ₹64.55 crore arsenic acquisition loans, the District Collector said, adding that banks should prioritise students seeking acquisition loans and entrepreneurs.
The people for Salem territory successful loans for women’s SHGs for 2025-2026 was ₹1,715. However, a full of ₹1,720 crore was provided, earning the territory the archetypal spot successful providing loans to women’s SHGs, helium added.
During the meeting, Assistant Collector G.P. Nandhana and different officials participated.
