Banks told not to withhold Rythu Bandhu amounts

The State authorities has issued clear directions to banks in opposition to withholding the amounts credited within the farmers’ accounts below Rythu Bandhu scheme.

The directions comply with reviews on situations that some banks had been not permitting farmers to withdraw their Rythu Bandhu quantity and had been adjusting the identical in opposition to previous dues. Chief Minister K. Chandrasekhar Rao is known to have taken a critical view of the reviews and requested the Finance division officers to maintain an emergency assembly with bankers.

Finance Minister T. Harish Rao, accompanied by Chief Secretary Somesh Kumar, and Finance Principal Secretary K. Ramakrishna Rao, convened a gathering with bankers on Tuesday. The assembly requested the bankers to credit score again any quantity withheld or adjusted into the farmers’ accounts on the earliest.

When bankers stated no such directions to withhold the Rythu Bandhu amounts had been issued, Mr. Harish Rao needed strict directions to be issued to financial institution branches in opposition to withholding/adjusting funds meant for Rythu Bandhu. District collectors on their half had been directed the monitor the state of affairs on the district degree whereas a State degree staff would monitor the problems being confronted by farmers.

In addition, toll free numbers – 18002001001 and 04033671300 – could be arrange to tackle points confronted by farmers and these quantity would work from 8 am to 8 pm. Bankers had been additionally instructed to expedite disbursal/renewal of crop loans.