2 weeks ago
Nellore Plans ₹4,000-Crore Credit Outreach for Agriculture and Growth
Nellore district wants to help people get more loans.
The planned programme could provide up to ₹4,000 crore in credit.
The money would support farming, jobs, education and businesses.
Nellore MP Vemireddy Prabhakar Reddy asked banks and officials to prepare the plan.
He said banks should help improve people’s livelihoods, not only focus on business.
Collector Himanshu Shukla asked banks to lend more for farming and related activities.
This could include loans for harvesters, tractors, drones and balers.
Banks may also adopt villages to work more closely with local communities.
The programme could be held in December or January.
Nellore district plans to extend loans worth up to ₹4,000 crore through a credit outreach programme.
The programme will focus on agriculture, employment, education and business development.
MP Vemireddy Prabhakar Reddy asked bankers and officials to prepare a comprehensive plan.
Collector Himanshu Shukla urged increased lending for farm equipment, including harvesters, tractors, drones and balers.
The outreach is proposed for December or January, with support from the State Level Bankers’ Committee.
- Who
- Nellore MP Vemireddy Prabhakar Reddy, Collector Himanshu Shukla, bankers and district officials.
- What
- A credit outreach programme aiming to extend up to ₹4,000 crore in loans.
- Where
- Nellore district, at meetings held at the collectorate.
- When
- The programme is proposed for December or January; the committee meetings were held on Tuesday.
- Why
- To support agriculture, employment, education, business development and improved livelihoods.
Key facts
- Planned credit outreach
- Up to ₹4,000 crore in loans
- Priority sectors
- Agriculture, employment, education and business development
- Proposed timing
- December or January
- Agricultural lending
- Loans for harvesters, tractors, drones and balers
- Institutional support
- Support is expected from the State Level Bankers’ Committee
- Community initiative
- Banks were urged to adopt villages and strengthen local ties
- Comparable programme
- A recent outreach at Narasaraopet reportedly extended ₹3,000 crore in loans
Quotes
Vemireddy Prabhakar Reddy
MP for Nellore district
“"Banks should look beyond a purely business‑oriented approach and play a meaningful role in improving people’s livelihoods and living standards."”
deccanchronicle.com
Himanshu Shukla
District Collector of Nellore
“"I urged banks to increase lending to agriculture and allied sectors, particularly for modern farm equipment such as harvesters, tractors, drones and balers."”
deccanchronicle.com
Sources
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