District Officials and Bankers Urged to Boost Employment and Loan Disbursement
Gawal: District Collector B.M. Santosh has instructed officials and bankers to work together to create more job opportunities and speed up loan approvals. This effort aims to support the district’s economic growth.
On Thursday, a District-Level Bankers’ Coordination Meeting was held at the IDOC Video Conference Hall. The meeting was organized in preparation for Telangana Chief Minister’s visit to Vanaparthi on March 2. Officials discussed arrangements for upcoming Job and Loan Melas through a video conference.
During the meeting, Collector Santosh stressed the importance of coordination between district officials and banks to meet their targets. He pointed out that the number of education and housing loans given in the district has been low. To improve this, he urged bankers to come up with strategies to increase loan approvals. He also directed banks to process loans faster to meet their goals.
A Job Mela will be held on March 1 to provide employment opportunities for unemployed youth. The collector emphasized the need for wide publicity to ensure maximum participation. He instructed officials to spread information about the event at village and mandal levels.
For the Loan Mela, banks have been asked to complete all necessary preparations. They must also prepare a detailed report on the sanctioned loans, including the ₹200 crore disbursed so far. A full report covering loans approved from December 2024 to February 2025 must be submitted by the evening. Special stalls will be set up at the event, where the Chief Minister will personally hand over cheques and appointment letters to selected beneficiaries.
At the end of the meeting, District Collector Santosh released the Potential Linked Credit Plan (PLCP) Book for 2025-26. The report estimates the district’s total loan capacity at ₹57,43,98.43 lakh. The sector-wise loan allocations are as follows:
– ₹2,99,856.66 lakh for agriculture
– ₹1,94,657.34 lakh for long-term investments and agricultural infrastructure
– ₹6,06,000 lakh for MSMEs
– ₹19,284.43 lakh for other priority sectors
The meeting was attended by several key officials, including DCCB Chairman Mamillapalli Vishnuvardhan Reddy, Additional Collectors Lakshmi Narayana and Narsing Rao, LDM Ayyapu Reddy, NABARD DDM Manohar Reddy, GM Industries Ramalingeshwar Goud, and SC Corporation ED Ramesh Babu. Other officials present included Handloom Deputy Director Govindayya, Fisheries Officer Shakeela Bhanu, and Animal Husbandry Officer Venkateshwarulu, along with department officials and bank managers.
