Monday, February 8, 2010

NEWS

The Andrapradesh Government going to be establishment credit guaranty trust for the purpose of SC ST fresh business persons. It was announced by late CM Dr. YS Rajashekar Reddy.Recently there was a meeting conducted by govt.Industrial represents with Bankers they (Bankers) was not willing to give loans to Dalits even though Government will give credit guaranty to Dalits up to Rs.5 corers. Bankers argument is they has been giving loans up to Rs. 1 corer which is central govt assurance more than that they will be in trouble. Because the state govt giving credit guaranty up to 250 corer. So the scheme may be going in to cold storage. Its a dream project to late Chief Minister Dr. YSR. However department of industries govt of Andrapradesh trying to convince state level Bankers. And he was written to Reserve Bank of India a letter to permission to give loans. RBI replayed to govt if Bankers agree to give loan they won't have any objection to give loans to Dalits. And govt will add this policy in their next industrial policy.

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