ZP CEO unhappy with banks failing to reach lending targets
The Hindu
Kumara cautions banks against insisting surety for MSME loans
Dakshina Kannada Zilla Panchayat Chief Executive Officer Kumara on Wednesday regretted that banks in the district did not reach lending targets in some of the priority sectors and directed officials to conduct field visits in rural areas to create awareness among people about the available facilities.
Chairing the quarterly meeting of the district consultation committee and the district-level review committee meeting here, Mr. Kumara pointed out that banks had registered just 35.27%, 35.4% and 22.34% achievements in agriculture, education and housing loan sectors, respectively.
They can register overall growth only if banks pay adequate attention to priority sector lending, he cautioned. Banks that did not meet even the minimum requirement should send their officials to rural areas for creating awareness, he said.