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AP Bankers Committee proposes Rs 47,000 Cr loan

The State Level Bankers’ committee (SLBC) has proposed a credit plan of Rs 47,000 crore during this financial year. The 163rd SLBC has also decided to come up with a new loan package for the SC, ST and weaker section entrepreneurs with insurance cover instead of collateral security within a week.
The committee has earmarked Rs 20,000 crore for crop loans, Rs 6,000 crore for agricultural term loans including allied activities, Rs 7,000 crore for small scale industries including artisans and Rs 14,000 crore for other priority sectors.

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