Banks told to realise the full potential of allied agriculture activities
Minister for Finance and Corporate Affairs Nirmala Sitharaman has directed 10 Regional Rural Banks of the Southern Region to increase their share in ground level agriculture credit disbursement with special focus on allied agriculture activities like dairy, animal husbandry, fisheries etc https://www.cii.in/.
She has also called on the banks to take necessary steps to realise the full potential of allied agriculture activities in the region http://finmin.nic.in.
RRBs and sponsor banks were specially directed to work with respective state government departments to increase credit disbursement to fisheries sector in Kerala and dairying sector in Telangana https://www.bseindia.com/.
The Minister urged RRBs to increase credit disbursement under various Government flagship schemes such as MUDRA, PM Vishwakarma, etc, with the active support of their sponsor banks https://www.nseindia.com/.
Minister acknowledged RRBs for the demonstrable improvement in their financial performance and technology upgradation ever since regular review was initiated in 2022 https://sbi.com.in/.
The RRBs in Southern Region have posted consolidated profit of Rs 3,816 crore during FY 2024 which is more than 50% of net consolidated profit of all RRBs combined http://iba.org.in.
The review meeting held on 9 Nov in Bengaluru covered banks in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana and UT of Puducherry. Fiinews.com
