Archive · 14 Jun 2025
Tirupati Collector Directs Banks on Digital SHG Loans
The District Collector of Tirupati told banks to give loans to Self-Help Groups using a digital system.
He also wants banks to focus on giving out education loans since Tirupati has many schools.
Banks need to quickly give out loans to help people start businesses, and they must also make sure farmers get their crop loans on time.
The Collector also reminded them to teach people about using digital money.
District Collector instructed banks to sanction loans to Self-Help Groups (SHGs) digitally.
The District Collector emphasized the importance of implementing the Annual Livelihood Plan.
Banks were urged to prioritize education loans due to Tirupati being an educational hub.
The Collector reviewed the PMEGP scheme and addressed delays in loan disbursal.
Bankers were directed to meet lending targets and focus on crop loans.
- Who
- District Collector Dr. S Venkateswar and bankers.
- What
- Banks are instructed to sanction loans to Self-Help Groups (SHGs) via digital Micro Credit Plan (MCP).
- When
- At the District Level Bankers Committee (DCC) meeting on Friday.
- Where
- Tirupati, at the District Collectorate.
- Why
- To support SHGs, promote financial inclusion, and ensure timely loan disbursal.
Bankers' Concerns
Collector's Directives
Loan Disbursal Delays
Bankers' Concerns
Some private banks have delays in loan disbursal.
Collector's Directives
Not explicitly stated.
- Meeting Type
- District Level Bankers Committee (DCC)
- Focus
- Annual Livelihood Plan implementation
- Key Initiative
- Digital Micro Credit Plan (MCP)
- Location
- Tirupati
- Participants
- Bank officials and RBI/NABARD representatives
- Loan Focus
- SHG, Education, and Crop Loans