The Hindu Business Line : SLBC forms panel to monitor relief package

SLBC has decided that all banks should ensure that the relief measures in the notified drought-affected areas should be completed latest by July 25.

Hyderabad , July 6

AIMED at increasing the flow of credit and ensure proper implementation of the relief package measures to the farmers' community in the State, the State Level Bankers Committee (SLBC) has constituted a taskforce committee headed by the General Manager of Andhra Bank.

Announcing this in a press release here on Tuesday, Andhra Bank, the SLBC convenor in the State, said the taskforce committee, comprising of representatives from Nabard, APCOB and banks, was formed mainly to visit the drought affected areas and monitor the implementation of relief measures.

According to SLBC, the committee would also give wide publicity to the relief measures initiated by the banks and through farmers' clubs and press in each district.

The Steering Committee of SLBC, presided over by the Andhra Bank Chairman and Managing Director, Mr T.S. Narayanasami, met here on Monday with an objective of devising effective strategies for implementation of relief measures as announced by the Government and the RBI at the earliest to the distressed farmers in the State.

SLBC has decided that all banks, including co-operative banks and regional rural banks, should ensure that all the relief measures such as reschedulement of crop loans and funding of interest in respect of all farmers in the notified drought-affected areas in the State should be completed latest by July 25.

The banks were also asked to ensure that their respective rural and semi-urban branches would finance at least 100 new agricultural loans during the current year.

According to Andhra Bank, the SLBC has also asked the banks to ensure that their rural and semi-urban branches would finance at least two to three investment projects and activities having regard to the kind of potential available in each centre in due coordination with Nabard and State Government.

The Agricultural Department of Andhra Pradesh Government has already furnished a list of trained candidates who could be approached for setting up of agri-clinics. According to the SLBC release, bank wise allocation of targets for setting up of agri-clinics in each district would be assigned during the special district level meetings.

More Stories on : Farm credit | Andhra Pradesh

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