Ballari MP reviews credit plan progress, calls for faster loan sanctions

Pic: Ballari Lok Sabha MP E Tukaram distributed cheques to the nominees of two policy holders insured under the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Pradhan Mantri Suraksha Bima Yojana in Ballari on ThursdayBallari: Lok Sabha MP E Tukaram stressed the need for stronger coordination between govt officials and bank authorities to ensure that financial schemes of the Union and State govts effectively reached the public.He spoke while chairing the district-level review committee meeting of the Lead Bank, held at the old Abdul Nazeer Sab Hall of the zilla panchayat in the city on Thursday.Expressing concern over the lack of coordination between govt departments and banks, Tukaram said such gaps affected the effective implementation of welfare schemes. He urged officials to work with a sense of responsibility and humanity so that the intended beneficiaries, particularly the poor, could access financial assistance without delays.ZP CEO Mohammed Haris Sumer said banks should function as a backbone for common citizens. Loans provided by banks should be viewed as part of financial services and business activities rather than charity, he said, stressing the importance of supporting livelihoods.During the meeting, Tukaram instructed officials to review pending loan applications and ensure that targets set under the district's Annual Credit Plan for priority sectors were achieved. The MP also reviewed the progress of schemes such as Udyogini, PMEGP and PM Swanidhi.ZP deputy secretary Shashikant Shivpure, RBI Bengaluru AGM Prabhakar R, Canara Bank Regional Manager Arun Kumar AJ, Lead Bank Manager Girish V Kulkarni, Nabard AGM Yuvaraj Kumar RS, along with district-level officials from various departments and RM-level officers of several banks, were present.