Give priority to beneficiaries of government schemes while disbursing loans: Prasanna H

 Give priority to beneficiaries of government schemes while disbursing loans: Prasanna H
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Udupi, Dec 27, 2022: All banks in the Udupi district have been asked to sanction loans on priority to applications submitted by the beneficiaries of various government loan schemes, Zilla Panchayat Chief Executive Officer Prasanna said.

He was speaking after chairing the lead bank progress review meeting held at Zilla Panchayat Hall at Rajathadri today.

The loan and deposit amounts in the district are less compared to the state. To compensate for this, more loans need to be disbursed by giving priority to the applications submitted by beneficiaries of loans under various schemes of the government. Besides this will also ensure successful implementation of government programs in the district and also improve the financial status of the people,” he said.

Expressing his displeasure over a large number of applications of beneficiaries seeking loans for setting up micro-processing industries in the agriculture and horticulture sector being denied on technical grounds, he said that the bank officials and the officers of the related department should have a discussion to get a solution for this. All banks have been asked to disburse education loans in large numbers.

There is a government order to create Vivekananda Sanghas through self-help groups in gram panchayats. Some banks are asking for KYC documents from the members of the SHGs. The bank officials have already been told that the members of the SHGs need not provide any documents. He asked the senior officials to issue suitable directions to all branches of their banks in this regard and to follow the circulars from the government. 

Sanjeev Kumar, Regional Manager, Canara Bank, who submitted the monthly report, said that there has been an increase of 16.18 percent in lending 

in the district as compared to last September. He asked the banks to achieve their target by the end of March.

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