Gadwall: The District Collector, B.M. Santosh, announced the District Annual Credit Plan for 2025–26. The plan aims to disburse loans totaling ₹6,472.29 crores, urging banks to prioritize quick loan distribution to farmers and related sectors.
The announcement occurred during a District Consultative Committee meeting at the Collectorate’s Conference Hall. This gathering included key banking officials and department representatives to align credit efforts with district priorities.
Collector Santosh highlighted the need to meet loan targets and encouraged banks to provide loans for crops, employment units, MSMEs, education, housing, and other essential areas, focusing on those in need.
He stressed accelerating crop and agricultural infrastructure loans, crucial for improving the agricultural economy. To raise awareness about credit options, he suggested conducting campaigns at village-level Rythu Vedikas with agricultural officers and bank staff. A district-level awareness program for farmers is planned for early July at the Collectorate.
Under the PMFME scheme, the Collector instructed banks to release a 35% subsidy of ₹27.60 lakhs for 18 approved units. He urged prompt resolution of pending small business loan applications to aid entrepreneurs.
For educational and housing loans, the Collector called for substantial progress, noting the need for improvement. He directed banks to achieve at least 75% of overall targets across all sectors.
The credit plan for 2025–26 includes the following allocations:
- Agriculture and Allied Activities: ₹4,945.14 crores
- MSMEs: ₹606 crores
- Other Priority Sectors: ₹192.84 crores
- Education Loans: ₹16.80 crores
- Housing Loans: ₹124.22 crores
This year’s target is ₹1,221.21 crores higher than last year, promoting inclusive credit growth.
Officials attending the meeting included Additional Collector Narsing Rao, Lead District Manager Srinivasa Rao, NABARD District Development Manager Manohar Reddy, RBI ATM Chetan, GM of Industries Ramalingeshwar Goud, along with government department representatives and bank managers.
The collaborative effort demonstrates the district’s commitment to enhancing credit distribution and fostering financial inclusion.
