Deputy CM Mallu Bhatti Vikramarka, Agriculture Minister Tummala Nageswara Rao and Principal Secretary (Finance) Sandeep Kumar Sultania on the SLBC assembly in Hyderabad on Tuesday.
Banks in Telangana disbursed ₹17,383 crore quick time period manufacturing loans thus reaching 35.56% of the Kharif goal, State Degree Bankers’ Committee Convenor Prakash Chandra Baror informed a gathering of SLBC that reviewed efficiency for the quarter ended June 2024 right here on Tuesday.
By way of funding credit score for agri allied; agri infra; and agri ancillary actions, the disbursements stood at ₹23,848 crore meet 41.65% of the targets, he informed the assembly during which Deputy Chief Minister Mallu Bhatti Vikramarka, Agriculture Minister Tummala Nageswara Rao, senior officers of the State authorities moreover bankers participated.
Complete deposits of the banks elevated ₹2,005 crore to the touch ₹7,81,959 crore, whereas the full advances grew ₹16,289 crore to ₹9,95,348 crore.
Banks disbursed ₹57,079 crore to MSMEs reaching 44.03% of the targets. Throughout the quarter, academic mortgage disbursements have been ₹220.49 crore and residential loans ₹984.34 crore. Below the Pradhan Mantri Mudra Yojana, the banks sanctioned ₹1,987 crore reaching 21.49% of annual targets. They disbursed ₹1,00,731 crore to varied sections of debtors beneath the precedence sector, reporting achievement of 35.9% of targets.
Addressing the assembly, Agriculture Minister mentioned that with the State authorities implementing crop mortgage waiver 2024 scheme in file time, the banks should successfully tackle points associated to the waiver successfully on the department degree. He urged banks to expedite well timed disbursement of crop loans.
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