Tummala Nageswara Rao | Hyderabad, Nov. 10 (Maxim News): Agriculture Minister Tummala Nageswara Rao has asked banks to go ahead and give relief to farmers in drought-hit areas, including adjustment of crop loans in line with Reserve Bank of India guidelines. He spoke at a special meeting of the State Level Bankers’ Committee at Praja Bhavan on Tuesday.
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Deputy Chief Minister Mallu Bhatti Vikramarka took part in the discussions on the 2026 Kharif drought situation.
The minister also urged banks to sanction Rabi crop loans without delay. The disbursal target is Rs 38,268 crore. He asked bankers to reach out to farmers directly so that they do not have to visit branches several times.
Tummala said water levels in 10 to 15 lakh borewells had dropped. Groundwater depletion this year is twice last year’s level, he added. He said loans should be made easier for farmers who use drip and sprinkler irrigation.
Tummala Nageswara Rao Seeks More Credit for Oil Palm, Dairy and Women’s Groups
The minister said financial help is being provided for pulses, oilseeds and horticulture. He asked banks to give loans that increase the area under oil palm. He also wanted more credit for dairy, poultry and livestock.
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Tummala asked banks to give timely loans to Farmer Producer Organisations and women’s self-help groups. He called the well-being of farmers a shared responsibility of the government and the banks. He also asked officials to work with district collectors to support the farming community better. (Maxim News)
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