5 hrs ago
Naidu Rebukes Banks Over Delayed Resolution of SLBC Issues
Chief Minister N Chandrababu Naidu met with banks to review their work in Andhra Pradesh.
He was unhappy that some decisions from the previous meeting had not been completed.
Bankers said they had acted on nine of 13 issues, while four were still being processed.
Naidu said banks should make loans and services available to every eligible person.
He especially wanted more loans for small businesses and tenant farmers.
The meeting also reviewed agricultural loans and loans for solar-power applications.
Self-Help Groups received large amounts of credit and had a repayment rate above 99 per cent.
Naidu also asked banks and police to work together to warn people about cyber fraud.
Chief Minister N Chandrababu Naidu criticized banks for leaving four of 13 previous State Level Bankers’ Committee issues unresolved after six months.
Andhra Pradesh bank advances reached Rs 10.28 lakh crore by June 2026, including Rs 3.98 lakh crore in agricultural credit.
Naidu urged banks to increase lending to MSMEs and tenant farmers and support the State’s 15 per cent economic-growth target.
Banks sanctioned Rs 3,081 crore for 1,57,703 applications under the PM Surya Ghar scheme by September 10.
The meeting also addressed Self-Help Group lending, cyber fraud prevention and financial-literacy campaigns across Andhra Pradesh.
- Who
- Chief Minister N Chandrababu Naidu, Andhra Pradesh bankers and the State Level Bankers’ Committee.
- What
- The 236th State Level Bankers’ Committee meeting reviewed unresolved issues, lending performance, banking access and cyber-fraud prevention.
- Where
- Amaravati, Andhra Pradesh.
- When
- The meeting reviewed issues pending from a meeting held six months earlier; lending figures were reported through June 2026 and September 10.
- Why
- Naidu wanted banks to complete agreed actions and expand credit and banking services to eligible residents.
Chief Minister’s Position
Bankers’ Position
Progress on earlier decisions
Chief Minister’s Position
Naidu said the six-month delay was unacceptable and questioned the value of reviews if agreed targets and issues remained pending.
Bankers’ Position
Bankers said action had been taken on nine of the 13 issues, while the remaining four were still under process.
Credit expansion
Chief Minister’s Position
Naidu called for broader lending to MSMEs and tenant farmers and said banks should help achieve the State’s 15 per cent economic-growth target.
Bankers’ Position
The meeting recorded that MSME lending had increased, although the report did not provide a specific response from banks to Naidu’s criticism that sanctions remained below expectations.
Key facts
- Meeting
- 236th State Level Bankers’ Committee meeting
- Pending issues
- Four of 13 issues from the previous meeting remained under process; nine had received action.
- Total bank advances
- Rs 10.28 lakh crore by June 2026
- Agricultural credit
- Rs 3.98 lakh crore
- PM Surya Ghar sanctions
- Rs 3,081 crore sanctioned for 1,57,703 applications by September 10
- Self-Help Group lending
- Rs 18,621 crore disbursed, with service charges waived
- Self-Help Group repayment
- More than 99 per cent repayment, with 0.67 per cent not repaying on time
Sources
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