Priority to loan disbursement can help Tamil Nadu achieve goals: CM


Stalin chaired a special meeting of state-level bankers at the Secretariat, which was attended by bankers from all major nationalized and commercial banks. At the meeting, Stalin asked bankers to lend pending loans to various sectors to help the state achieve its goals.

“The state set the target of Rs 20,000 crore as a loan disbursement target for women’s self-help groups (SHGs), but until September, only Rs 4,951 crore had been disbursed. To achieve the goal, banks should provide loans to self-help groups that play a crucial role in social reform and the upliftment of women, ”the chief minister said at the meeting.

He also said that the PM SVANidhi program was started to provide microcredit to street vendors whose livelihoods have been affected by COVID-19. Bankers should provide loans to all applicants who have applied for loans under the program.

CM inaugurates buildings

Earlier in the day, Stalin, via video conference, inaugurated various buildings of the Department of Social Welfare and the Department of the Treasury. Five integrated service centers, a home for working women in Thanjavur, a multi-purpose hall in a government children’s home in Thanjavur and buildings in Chennai, constructed at a total cost of Rs 11.36 crore were inaugurated.

Meanwhile, Stalin asked members of the Economic Advisory Council (EAC) to suggest measures to reduce the state’s debt. In a virtual meeting with EAC members, he asked experts to suggest ways to boost the state’s economy.

The state has also issued a GO to increase the age limit for parents of girls undergoing family planning from 35 to 40 as part of the CM’s Girls Protection Program.

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