7 hrs ago
Naidu Directs Banks to Expand Loans Across Andhra Pradesh
Andhra Pradesh Chief Minister N. Chandrababu Naidu told banks to make loans available to all eligible people who need them.
He said loans should reach farmers, small businesses, women’s groups and other important sectors.
He wants future meetings to check each bank’s and district’s results carefully.
Naidu said lending to small businesses and tenant farmers was still not high enough.
He also asked banks to provide more loans for the PM Surya Ghar programme, which supports household solar projects.
Women’s self-help groups were praised because more than 99 percent of borrowers were repaying loans on time.
The Chief Minister asked officials to help TIDCO house beneficiaries obtain loans more quickly.
He also warned about cyber fraud and called for more public awareness.
Chief Minister N. Chandrababu Naidu directed banks to provide credit to every eligible and needy person across sectors and social groups.
Future state-level bankers’ committee reviews will assess performance bank-wise, district-wise and department-wise.
Naidu sought more lending to MSMEs, tenant farmers, women’s self-help groups, TIDCO house beneficiaries and PM Surya Ghar applicants.
Bank advances in Andhra Pradesh reached Rs 10.28 lakh crore by June 2026, including Rs 3.98 lakh crore in agricultural credit.
The Chief Minister also urged stronger cyber-fraud prevention, financial literacy programmes and faster construction of bank offices in Amaravati’s financial hub.
- Who
- Andhra Pradesh Chief Minister N. Chandrababu Naidu, state officials and banks participating in the state-level bankers’ committee meeting.
- What
- Naidu directed banks to expand lending to all eligible and needy people and ordered closer monitoring of bank performance.
- Where
- At the Andhra Pradesh Secretariat, with directions applying across the state.
- When
- The 236th state-level bankers’ committee meeting was held on Wednesday; the reported lending figures include data through June 2026 and September 10.
- Why
- To improve last-mile delivery of banking services, support the state’s development and help achieve its economic-growth and priority-sector lending goals.
Key facts
- Meeting
- 236th state-level bankers’ committee meeting
- Total bank advances
- Rs 10.28 lakh crore in Andhra Pradesh by June 2026
- Agricultural credit
- Rs 3.98 lakh crore by June 2026
- MSME lending
- Rs 63,686 crore disbursed to 2.33 lakh MSMEs during the first quarter of 2026-27
- PM Surya Ghar
- 1,57,703 applications received by September 10; loans worth Rs 3,081 crore sanctioned
- Women’s self-help groups
- Rs 18,621 crore in loans; more than 99 percent of borrowers were repaying on time
- PM Mudra
- Rs 13,757 crore sanctioned for 4,48,562 applicants
Sources
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