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Crop loans not distributed efficiently: MP Pratap Simha

Mysuru, October 31:- Mysuru-Kodagu Member of Parliament Pratap Simha took a jibe at the officials for not distributing crop loans effectively in the district.

He was speaking at a progress review meeting of the trimester at Zilla Panchayat Hall here organised by Margadarshi Bank on Wednesday.

“40 banks of the district have given 60% of agriculture loan and 58% of short-term crop loans. Monsoon season has almost come to an end, but the loans have not crossed 58%,” he said.

“In Mudra scheme, 35 banks of the city have given loans of Rs 61.76 crore for infant section, Rs 214.11 crore in Kishor section and Rs 556.74 crore in Tarun section making it Rs 556.74 crore for 27,340 account holders. 246 beneficiaries of Stand-up India received Rs 6,037,19,565,” said Lead Bank manager Venkatachalapathy.

“The Stand-up India loans which provide loans from Rs 10 lakh have been provided to only 246 beneficiaries. This scheme was introduced to encourage the youths, but banks are not delivering the services to the public,” the MP said.

“Notes get torn in 2-3 years and come back to banks. But coins can be used for 10-15 years. Thinking on these lines, the government has introduced 15 varieties of Rs 10 coins. The public have to make use of these coins as these are also valid,” said the assistant general manager of Reserve Bank of India, N Dattatreya.

“Bank staff and officials are not interacting properly with the public over loans. Those who have applied for loans are coming to zilla panchayat with their pleas. Reasoning this, some officials have threatened the public of cancelling their loans. We are being appointed from the government to serve people and not to take up fights with them,” said Zilla Panchayat CEO K Jyothi.

AGM of State Bank of India N Parameshwaran, district development manager of NABARD Manikantan and others were present. (MR/KS)

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