Chief Minister YS Jagan Mohan Reddy presented the annual loan plan for the year 2021-2022 at the meeting of the state-level banking committee on Monday.
“We are experiencing an unprecedented situation around the world after the first and second waves of COVID-19. Both the central and state governments have imposed a curfew and extended the partial lockdown, which has caused the country and state to suffer enormous financial losses. However, I am pleased that we have achieved our loan disbursement targets in the priority sector (101%) and the agricultural sector (114.16%) and thank the banks for their cooperation, ”said Jagan Mohan Reddy.
The annual loan plan for the year is set at 2.83 million yen (yearn), of which 54% is for agricultural loans (1.48 million yen) and 2.13 million yen for the priority sector.
Government efforts commended
Union Bank of India Executive Director Raj Kiran Roy said in the virtual meeting that AP was ranked fifth in Niti Aayog’s SDG rankings and praised the government’s efforts to ensure direct transfers of benefits to many day laborers and women, who were in distress during the lockdown.
The prime minister said he expected banks to provide more aid in the agricultural infrastructure sector and other agricultural related activities, housing and education.
“Our government has put in place a massive school remodeling program and an English medium, and we have also enabled schools to join the CBSE. We are seeing a trend of children returning to state schools. Under Nadu-Nedu, we developed 15,650 schools in the first phase and will redesign 16,000 schools in the second phase, ”said Jagan Mohan Reddy.
In the health sector, the prime minister said that the state does not have tertiary care like in big cities like Chennai, Hyderabad or Bengaluru. The state government had now launched a massive program to modernize health facilities in primary health centers, village clinics, CHCs and district hospitals. The state also approved 16 medical colleges and one teaching hospital in each constituency of parliament.
The state government had also initiated revolutionary reforms in the agricultural sector and launched 10,000 Rythu Bharosa Kendras (RBKs), one for every 2,000 inhabitants. The RBKs would help farmers provide high quality seeds and storage facilities and even help them market their products.
The government also made empowering women a top priority and provided direct cash transfers.
Building 17,000 new greenfield colonies would fuel local economic growth and provide permanent homes for 28.30 lakh people, said Jagan Mohan Reddy.