Chief Minister Andhra Pradesh N. Chandrababu Naidu, who on Tuesday addressed SLBC session on the secretariat.
Main Minister N. Chandrababu Naida said that Andhra Pradesh will be conducting various initiatives with a focus on the development, wealth of wealth and eradication of poverty in the next four years.
“In accordance with the Swarnandhra-2047 vision, the government favors projects and goals to be completed by 2029. Support for bankers is necessary for the growth of any sector in accordance with demand,” Mr. Naida said on Tuesday.
The main minister urged banks to expand the support and exceed the objectives set by the credit plan 2025–26. He said that bankers should consider how they could contribute to the growth of women DWCra, tenants’ farmers, SC, STS, BCS and minorities.
“Massive projects take place in various sectors and financial assistance is critical. The government intends to promote MSME and establish innovation centers Ratan Tata in each election district with the vision of” One Entrepreneur on the Household “,” he said.
Mr. Naida emphasized the initiative of zero poverty – P4 to remove poverty and reduce inequality until 2029. The model was widely performed to create wealth and infrastructure, he said.
“Visakhapatnam makes remarkable progress economically and industrial, while Amaravati is located as a center of future opportunities,” he said, adding that Rayalaseema is evolving as a gardening center and an electronics center.
“Bankers must focus on Petro Korridor. They must provide direct loans to fishermen who lose because of intermediaries,” he said. There were abundant opportunities in the “blue economy” that could be used by the support of bankers, he noted.
He notes that the main reason for performing SLBC meetings often during his tenure was to obtain financial support from the state’s development and to improve the standard of living, the main minister recalled that undue Andhra Pradesh preferred services and industries. After bifurcation, Andhra Pradesh became a state -dependent state, the focus has shifted. “The state also strengthens the allied branch of agriculture through various initiatives,” he said.
Bankers assured the main minister that this year’s goals will be exceeded. The priority was given to entrepreneurs of women, adding that they lend liberally to self -help groups. “The focus is also on the education and housing sectors,” they said.
Minister of Finance P. Keshav questioned bankers on a declining year -on -year growth rate when carrying out the credit plan. While growth was 133% in 2021–22, 163% in 2022–23 and 138% in 2023–24, in 2024–25 dropped to 127%, he stressed.
The goal of the total annual credit plan for the FY 2025–26 was set at 6.6 GBP Lakh Crore, which is 22% increase compared to the previous year 5.4 Lakh Crore. The goal of the agriculture sector was set at CRORE 3.06 GBP. MSMES was assigned £ 1.28 £ lakh crore. The assignment for the priority sector was 4.58 Lakh Crore, while the sector, which is not a priority, gained crore 2.02 GBP.
While the goal of the credit plan for the FY 2024-25 was 5.4 GBP Lakh Crore, the banks paid off Crore 6.83 GBP. Of which 4.14 GBP Lakh Crore went to the priority sector and 2.68 GBP Lakh Crore to the sector before the priority.
For agriculture, the target was 2.64 ₹ Lakh crore, but paying was 3.07 ₹ Crore, which was 116% of the goal. Of this, 1.69 Lakh Crore was paid in the Kharif season and 1.37 Lakh Crore in the Rabi season.
The MSME sector, which was a high priority in the state, recorded the payouts of Crore of 95 620 GBP against the target of 87,000 crore, which was 110% of the goal. This included the CRORE 49 552 GBP for micro -dollar, Crore 27 632 GBP for small businesses, 18 138 Crore for medium -sized enterprises and 298 Crore for other segments.
Published – 29 April 2025 20:21
