AP CM asks bankers to open branches in tribal, interrior areas

Andhra Pradesh Chief Minister N.Kiran kumar Reddy today asked bankers to open branches in Tribal and Interrior Areas to enable farmers and tribals avail benefits of government’s schemes. Addressing at the 178th State-level Bankers’ Committee (SLBC)meeting here, Mr Reddy said to prevent mediators or touts in theschemes, the government was delivering the subsidies through e-payments to individual beneficiaries. Due to lack of bank accountsby farmers in tribal and interrior areas in the state, disbursement in input subsidy was delayed, he said. SLBC President and Andhra Bank Chairman and Managing Director B A Prabhakar said the banks had since covered 6640 villages in Andhra Pradesh under FIP (Financial Inclusion Plan) till March three (100 per cent coverage) and extending the coverage of FI under Swabhiman to the villages with population of 1600 to 2000 as per 2001 census. There are 2125 villages to be covered in Andhra Pradesh and the process of allotting all the villages to Banks has since been completed, he said requesting the government to issue necessary instructions to provide accommodation to house the ultra small branches at villages to provide specified servicves to the account holders. Mr Prabhakar said during the year 2011-12, banks’ performance for the overall credit plan stood at 107.45 per cent and they crossed the targets set in the areas ofAgriculture Credit, SHG Bank linkage and SME sements.