Rs 11,500 cr crop loans disbursed in Telangana this season

Rs 11,500 cr crop loans disbursed in Telangana this season

Hyderabad: Banks in Telangana have extended crop loans of Rs 11,500 crore to date against the annual target of Rs 17,460 crore for kharif season, according to the State Bank of Hyderabad.

SBH is a lead banker for State Level Bankers Committee (SLBC).

State Finance Minister E Rajendar who attended a meeting of SLBC here today requested the banks to complete the targeted lending for Kharif by the end of September, a press release from SBH said.

Banks have disbursed Rs 6,552.83 crore to ‘Micro, Small and Medium Enterprises’ segment during the quarter ended June 2016, and Rs 4,171 crore to the persons under weaker section category, Rs 1152.23 crore under SCs/STs category and Rs 670.98 crore to the minorities, it said.

Banks in the state have so far opened 79,86,408 accounts under PMJDY and covered 54,50,306 beneficiaries under Pradhan Manthri Suraksha Beema Yojana (PMSBY) and 16,84,903 beneficiaries under Pradhan Manthri Jeevan Jyoti Beema Yojna (PMJJBY).

So far, 526 claims under PMSBY and 2,963 claims under PMJJBY have been settled by insurance companies in the state, it added.