In a review meeting chaired by Balamurugan D (District Magistrate) held at Dr Bhim Rao Ambedkar auditorium, DM reviewed the performance of Banks. He expressed his displeasure on absent bankers and instructed officers to write to CMD of bankers who are not attending the meeting regularly.
He further instructed the convener bank (Central Bank Of India) to set targets for all the banks and also instructed to schedule meeting with the banks not meeting the targets. DM asked present bankers to participate in Loan Mela to be held on 10th and 24th Feb and distribute loans under K.C.C. District Agriculture Officer with subordinate will facilitate the process.
DM further emphasized bankers to distribute student loans as district has very big number of students. COMFED (Sudha) officers will also be invited in District Agriculture Task Force to prepare plan so that loans from Banks can be made available for their activities.
DM mentioned to present bankers that Banking should not only focus on commercial activities for its benefits but should also participate in social welfare.