‘Don’t reject farm loans

Udupi zilla panchayat ceo h. Prasanna on tuesday took objections to banks rejecting loan applications of farmers being submitted via the agriculture branch or maintaining the  applications pending indefinitely.

Pointing out that the centrall and state governments have introduced a number of schemes to double framers income and for development of the agriculture quarter, mr. Prasanna directed the banks to sanction such loans with none demure. Additionally, banks need to not make farmers go to branches regularly for availing of loans. Banks should try to come to be farmer-friendly, he counseled.

Chairing a district level bankers committee meeting in udupi, the ceo said that a comparable path applies to applications submitted for loan facilities underneath various schemes of the central and state governments. Loans need to be sanctioned in a time-certain way, he said. Such programs have to not be rejected for silly motives and banks must ask the beneficiaries to make corrections in programs, if needed.

Lead bank manager pinjara said that branch managers do no longer have any right to reject applications for loans above ₹2 lakh and the authority vests with regional managers of such banks. Reserve bank manager tanu nanjappa counseled banks and different economic establishments, both government and personal, to make sure their mortgage recovery employees do no longer use abusive language or harass customers. If such instances are mentioned to the rbi, the regulator will initiate stringent action.

Meanwhile, credit  disbursement from banks within the district for the duration of the second one quarter has been excellent, said canara bank’s regional manager leena pinto.

She stated that ₹2,479 crore loans has been issued with 19.58% annual achievement. Whilst the agriculture zone has been supplied ₹589.68 crore loan, msme has been given ₹501.1 crore, education ₹12.96 crore and housing ₹ 93.55 crore, she stated. The credit to deposit ratio during the period stands at 48.86%, she said.

NABARD’s regional deputy manager Sangeeta Kartha, Union Bank regional manager Vasappa and others were present.

Related Articles

Leave a Reply

Back to top button