CM Asks Banks To Be Liberal To Farmers, Women Groups

25 Sep, 2019 19:17 IST|Sakshi
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has asked banks to extend full cooperation to the beneficiaries of various welfare schemes

Amaravati: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has asked banks to extend full cooperation to the beneficiaries of various welfare schemes and reiterated that his Government is proactive and is committed to implementing all the promises made.

Addressing the 208th SLBC (state-level bankers’ conference) here on Wednesday, the Chief Minister asked the bankers to open unencumbered accounts to enable the beneficiaries to get an uninterrupted flow of incentives directly into their bank accounts without any deductions.

The credibility increases only when Government and Bankers work together and our welfare schemes are aimed at uplift of various sections of the society. The amount under the schemes will directly go into the bank accounts of the beneficiaries and the bankers should ensure that the amount reaches in full to them which could be possible by opening unencumbered accounts.

The Government will pay the amount due to farmers and women groups the amount payable under zero per cent interest loans and we seek your cooperation. You should be in touch with the Finance Department for further appraisals and the purpose of taking care of the welfare of the people should be served.

‘What you have to do is to give the details of the amount due from the farmers and women groups and we will do the rest. Our Village and Ward Volunteers will give receipts of payment to them. We will give identity cards to pushcart vendors and other petty traders and the amount given to them will be of great help,’ he said.

The Chief Minister expressed happiness over the Bankers telling that they are reaching the loan targets during the Kharif season.

The Meeting was attended by Finance Minister Buggana Rajendernath Reddy, representatives of various banks and officials concerned.

Also Read: Path-Breaking Decisions Yielding Desired Results: YS Jagan

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