Monday, May 20, 2024
    HomeTelanganaBhatti Urges Banks in Hyderabad to Provide Loans to People as a...

    Bhatti Urges Banks in Hyderabad to Provide Loans to People as a Social Responsibility

    Related stories

    Check details to get your driving licence

    Starting from June 1, private training institutes will now...

    Women in Ramagundam encouraged to strive for financial independence

    An awareness program on financial literacy for women was...

    Bhatti announces state support for green construction

    Hyderabad: Deputy Chief Minister Mallu Bhatti Vikramarka stressed the...

    Deputy Chief Minister Mallu Bhatti Vikramarka urged bankers to see lending to people as a social responsibility during the 40th quarterly meeting of the State-Level Bankers’ Committee in Hyderabad. He emphasized the importance of providing loans to farmers in order to prevent them from turning to private money lenders, which could lead to a debt trap or even suicides. Bhatti also highlighted the need for loans for housing and education.

    Bhatti called on bankers to take a humanitarian approach towards farmers and ensure that accounts of farmers are regularized in order to provide them with fresh loans. He also mentioned the need for one-time settlements for Emu farmers who faced losses and for loans for self-employment for the unemployed without requiring assets as collateral. Additionally, he emphasized the importance of generous loans to self-help groups of women to help them become financially stable.

    - Advertisement -
    Also read:  Drugs seized at Bengaluru rave party attended by Telugu film celebrities

    Agriculture Minister Tummala Nageswara Rao stressed the importance of supporting farmers to ensure food security in the state. He urged bankers to align their operations with government priorities and provide loans to farmers looking to establish dairy units to boost milk production. Nageswara Rao also mentioned the need for progress in the sanctioning of education loans and Kisan credit cards.

    Overall, both Bhatti and Nageswara Rao emphasized the importance of bankers recognizing their social responsibility in providing loans to farmers, the unemployed, and self-help groups to support agriculture and allied sectors in the state.

    - Advertisement -
    Rajesh M
    Rajesh M
    Latest News from Hyderabad, Telangana, India & World!

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here