4 months ago
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Chief Minister N. Chandrababu Naidu, who chaired the 233rd and 234th State Level Bankers’ Committee (SLBC) meetings astatine the Secretariat connected Friday, emphasised connected accelerated recognition enactment for agriculture, MSMEs, and renewable vigor sectors.
Mr. Naidu stressed that nary national should beryllium forced to trust connected backstage moneylenders, urging banks to guarantee casual entree to organization finance. Special absorption was placed connected equitable development, with loans to SC, ST, and BC communities highlighted arsenic essential.
Banks person to enactment arsenic improvement partners, providing seamless organization concern to fortify agriculture, MSMEs, renewable energy, and entrepreneurship, reflecting Andhra Pradesh’s committedness to equitable and sustainable growth, helium said, adding, “We envision Amaravati arsenic a hub for fiscal institutions.'’
The Chief Minister called for generous backing to the renewable vigor sector, noting that some the Centre and the State are prioritising investments, with DISCOMs providing counter-guarantees.
Mr. Naidu besides announced measures to fortify Farmer-Producer Organisations (FPOs) and replicate the occurrence of DWCRA groups, portion resolving pending TIDCO lodging indebtedness issues and reducing aggregate charges connected DWCRA accounts. He alleged that systems had gone disconnected way during the erstwhile regime, with large-scale borrowing astatine precocious involvement rates. “With credibility and beardown branding, loans tin beryllium raised astatine little involvement rates. That is wherefore we are giving apical precedence to restoring credibility,” helium said.
Credit plan
The Chief Minister reviewed the implementation of the Annual Credit Plan 2025–26. Bankers reported disbursement of ₹2.96 lakh crore to agriculture and allied sectors, ₹1,490 crore to tenant farmers, and ₹95,714 crore to MSMEs crossed the State.
Mr. Naidu urged banks to enactment earthy farming and entrepreneurship initiatives. Highlighting the government’s imaginativeness for inclusive growth, helium reiterated the “One Family–One Entrepreneur” policy, aiming to make 5 lakh women entrepreneurs.
He besides said that the authorities was streamlining onshore records and issuing QR-coded Pattadar Passbooks, recommending banks follow akin QR-enabled systems for accounts.
Support for startups was different cardinal treatment point. Various banks, including Union Bank, SBI, Bank of Baroda, Canara Bank, Punjab National Bank, Indian Bank, and HDFC Bank, are backing the Ratan Tata Innovation Hub crossed aggregate cities successful Andhra Pradesh. Union Bank, arsenic pb bank, contributed ₹10 crore from its CSR funds for the initiative.
The SLBC meetings were attended by Ministers Payyavula Keshav and Kondapalli Srinivas, Chief Secretary K. Vijayanand, elder bankers, RBI and NABARD officials, and representatives of the National SC and ST Commissions.
