Banks should sensibly allocate loans under government schemes: Dr Karad

New Delhi, Sep 27 (FN Bureau) Union minister of state for finance Dr Bhagwat Karad on Monday has given instructions to the bank officials that they should work sensitively while disbursing loans for schemes related to banks. He was speaking in a departmental review meeting of Kisan Credit Card Scheme and Pradhan Mantri SVAnidhi Scheme was held at the Divisional Commissioner’s office. Dr Karad said that ,various schemes are being implemented by the government to prevent suicide of farmers in Marathwada and Vidarbha and instructed the bank officials should work sensitively while disbursing loans for schemes related to banks.

The meeting was attended by Divisional Commissioner Sunil Kendrakar, Collector Sunil Chavan, Municipal Commissioner Dr. Abhijit Chaudhary, Chief Executive Officer of Zilla Parishad Nilesh Gatane, Chief Executive Officer of Osmanabad Zilla Parishad Rahul Gupta, Divisional Manager of Maharashtra Gramin Bank Mahesh Dange, Chief Manager Mangesh Kedare of the department through video communication system. All Collectors from region , Chief Executive Officers of Zilla Parishads and Municipal Corporations, Commissioners of Municipal Corporations were also present. Globally, India’s economic position is good. International Monitoring Funds (IMF) is a global organization and in the survey of this organization, India has become the fifth largest economy in the world,said Dr Karad .

With the efforts of the central and state governments, financial literacy, self-reliance, digitalization and various schemes are to be delivered to the needy beneficiaries through various schemes in the country. Giving instructions to the concerned to increase the number of beneficiaries by spreading awareness to the maximum number of needy people, Mr. Karad further said adding that the applications of the applicants under Pradhan Mantri Swanidhi Yojana should not be cancelled without any reason. District wise cancelled applications should be surveyed and errors should be studied and maximum eligible applications should be approved. He also said that Aurangabad, Latur and Nanded districts are included in SVAnidhi to Samrudhi scheme and efforts will be made to include Parbhani district in it,Dr Karad added.