Industry & Economy
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Natural Calamities
SLBC approves Rs 1.25-cr credit plan for victims in Guntur dt
Our Bureau
Hyderabad
,
Dec. 31
A special credit plan worth Rs 1.25 crore has been approved by the State Level Bankers Committee (SLBC) to help people in Guntur district affected by the tsunami.
The loans will be provided towards housing and purchase of fishing nets and boats. This was among the decisions taken by the banker's committee led by Mr A.L. Nageswara Rao, General Manger, Andhra Bank, who visited the affected areas in Guntur and Krishna district. They held discussions with the special district consultative committee.
All the lead banks in the coastal areas of Andhra Pradesh are convening district consultative committee meetings and working out a special action plan to provide financial aid to the affected before January 10, according to a press release from SLBC.
All affected districts will prepare special credit plans for fishermen and extend loans of Rs 3,000 per family as approved by the Reserve Bank of India. They will also provide training free of cost to the kith and kin of the deceased for taking up self-employment activities. The SLBC team interacted with the affected people in Kanuru Vari Pallipalem near Machilipatnam in Krishna district.
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