1 month ago
TGB Distributes Tractors, Harvesters in Mega Loan Mela
A bank called Telangana Grameena Bank held a big event in Siddipet where they gave farmers tractors, harvesters, and other machines.
They also gave loans to women groups and people who want to start small businesses.
The bank’s chairman, K Pratap Reddy, said this helps farmers grow more food and earn more money.
He also talked about giving loans without needing a big guarantee.
The bank wants to grow its business a lot by 2028.
A manager praised the chairman for helping the bank do good things for customers.
TGB organized a mega loan mela in Siddipet, distributing tractors, harvesters, JCB machines, livestock units, and loans to women SHGs.
Vehicles were provided under the Agriculture Infrastructure Fund scheme, emphasizing farm mechanization and productivity.
Chairman K Pratap Reddy highlighted the bank’s commitment to timely credit, competitive rates, and MSME loans up to ₹2 crore without collateral.
The bank aims to grow its total business to ₹1 lakh crore by March 2028, with current business at ₹84,849 crore.
Regional Manager E Rajaiah praised Reddy’s leadership for successful customer welfare initiatives.
- Who
- Telangana Grameena Bank chairman K Pratap Reddy and Regional Manager E Rajaiah
- What
- Organized a mega loan mela distributing farm equipment and loans
- Where
- Siddipet, Telangana, India
- When
- Thursday
- Why
- To promote farm mechanisation, productivity, and support farmers and rural entrepreneurs
Key facts
- Event
- Mega loan mela
- Location
- Siddipet, Telangana, India
- Organizer
- Telangana Grameena Bank
- Date
- Thursday
- Total business
- ₹84,849 crore
- Target business by March 2028
- ₹1 lakh crore
- Loans up to
- ₹2 crore without collateral
- Vehicles distributed
- 20 tractors, 4 harvesters, 2 JCB machines, ~50 livestock units
Quotes
K Pratap Reddy
Chairman of Telangana Grameena Bank
“"This distribution of vehicles and farm machinery marks another significant step towards promoting farm mechanisation, increasing agri productivity, addressing labour shortages and improving farmers' income."”
thehansindia.com
Sources
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