Chief Minister Y.S. Jagan Mohan Reddy has said that the government laid emphasis on the mitigation of drought in Rayalaseema and north coastal districts, development of the Micro, Small and Medium Enterprises (MSME) sector and facilitating loans to every eligible farmer, among other thrust areas.
Addressing a State credit seminar where he released the State focus paper for FY 2022-23 prepared by the National Bank for Agriculture and Rural Development (NABARD), at his camp office on Wednesday, Mr. Jagan said banks should provide credit facilities to the extent possible as the government implemented a slew of welfare schemes, and insisted that the banking correspondents should play a greater role in the delivery of institutional credit.
Due priority should be given to the agriculture sector and making the Rythu Bharosa Kendras (RBKs) meet the financial needs of farmers with the involvement of banking correspondents. He observed in an ideal scenario, the quantum of loans being disbursed by banks should keep pace with the Gross Domestic Product (GDP) growth rate.
