Achi news desk-
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The branch managers of all banks should wake up their conscience and provide loans on time to all the eligible people in need. Applications should not be rejected without a valid reason. If any request is cancelled, the details regarding the reason for cancellation must be given to the district LDM. If the applications remain pending by the banks without any reason, a letter should be sent against the concerned to the Minister of Finance with recommendations. For further action, the above instructions were given by DM Kundan Kumar during the review meeting of various schemes run by the Industries Department on Friday at the Pragi Auditorium located in Aspen. During the meeting, he organized a camp for processing pending applications in banks regarding loan approval and ordered them to execute them according to the rules. Ordered weekly meetings for quick execution of loan applications last year Dhamdaha Vijay Kumar said that his loan for the poly bags scheme has been approved by the central bank but the loan amount has not yet been released, Vipinjay Kumar He said that the application submitted by IDBI Bank under PMFME scheme for its Ice Cream MFG project was kept in the bank for 6 months. During the meeting, the District Industries Center CEO informed that a total physical target of 516 has been set for the district under the Prime Minister’s Employment Generation Program (PMEGP). in the fiscal year 2024-25. So far, a total of 412 inquiries have been forwarded against them to various bank branches. in which loan approval was given to 18 applications by the banks. 322 applications are pending in the banks and 72 applications were canceled by the banks for various reasons.
Physical target of 516 under PMEGP in 2024-25
