Comments
The Telangana Government has set the annual credit target for the year 2023-24 at ₹2.42 lakh crore, indicating a 13.42 per cent increase from the previous year’s target of ₹2.14 lakh crore.
Finance Minister T Harish Rao announced this at the State Level Bankers’ Committee (SLBC) meeting.
Out of the total credit target, a lion’s share has been given to the priority sector at ₹1,85,326 crore, including ₹1,12,762 crore for agriculture.
Addressing the bankers, Rao said banks in Telangana were among the ``top’‘ in the country in terms of deposits and emphasized expanding their branch network in rural areas.
“The State Government will extend all necessary support in this regard,’‘ the finance minister added. Additionally, the minister addressed the issue of some banks charging additional interest on loans repaid by Self Help Groups, stating that the government has taken notice of this matter.
The banks were also directed by the minister to adhere to the specific timelines for extending crop loans in line with agricultural seasons.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.