District Collector B. M. Santhosh recently led a meeting with local bankers to discuss achieving financial targets in Gadwal. He highlighted the importance of banks meeting goals for providing loans related to crops, employment units, small businesses, education, housing, and more. Plans are in place to open a new bank branch in KT Doddi for better financial access.
Santosh commended bankers and DRDO officials for surpassing targets in the previous financial year, making the district a top performer in the state. However, he noted that crop and education loans fell short of expectations. To address this, he urged banks to identify deserving candidates in villages and facilitate loans for them. Village meetings will be organized to raise awareness about available loan schemes.
At the meeting, Santosh and ZP Chairperson Sarita unveiled the loan plan for the upcoming financial year, setting a target of Rs. 5251.08 crores. This includes allocations for agriculture, priority sectors, and non-priority sectors. Reflecting on the previous year, Santosh emphasized the need for better coordination between officers and bankers to achieve new goals.
Attendees at the meeting included various officials who emphasized the importance of coordination to meet loan disbursement targets. Immediate action was proposed to clear pending certificates and ensure timely loans for students. Repayment of loans was also stressed as crucial for financial health and ongoing development in the district.
