Business Daily from THE HINDU group of publications
Friday, Aug 11, 2006

Cross Currency

Group Sites

Industry & Economy - Natural Calamities
Money & Banking - Credit Market
States - Andhra Pradesh
Banks to give prompt flood relief in AP

Our Bureau

Crop is damaged in about 2.12 lakh hectares with a provisional financial loss of Rs 525.66 crore.

Hyderabad , Aug. 10

The State-Level Bankers' Committee (SLBC) of Andhra Pradesh, which met here on Thursday, has decided to provide immediate relief measures to those affected by the flood in the State.

The relief would be by way of finance for rejuvenation of crops, fresh loans for raising/replacing of alternate crops, converting existing crop loans and also earlier restructured loans into medium-term loans, providing finance for purchase of livestock etc., additional finance to SHGs to revise their activities and consumption loans to all the affected people.

The meeting, held under the Chairmanship of Mr K. Ramakrishnan, Chairman and Managing Director, Andhra Bank, to assess the extent of damage in 10 districts of the State, focused on relief measures to be initiated by banks.

The SLBC has also worked out the damage based on the area and crops grown. Crop is damaged in about 2.12 lakh hectares with a provisional financial loss of Rs 525.66 crore. In addition to the damage to the crop, there has been damage to property too.

The meeting also decided to constitute a committee representing Andhra Bank (SLBC convenor), the State Government, RBI, SBI, SBH, Deccan Grameena Bank, Chaitanya Godavari Grameena Bank, and AP Co-operative Bank.

The committee would visit the affected areas and extend required guidance to field-level functionaries. The Lead Banks have been requested to sensitise the branch managers regarding the relief measures, a press release said.

More Stories on : Natural Calamities | Credit Market | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Plan to beef up medium-range weather forecast under study

Rainbow of hope?
Chemical industry worried over ethanol-blending plan
HC stays BPL Mobile shares sale
ICAI regional conference starts today
Engineering exporters assured of level playing field
Dept of Fertilisers asked to take a fresh look at urea pricing policy
Tajik President visits BHEL unit
`Indo-Thai trade prospects bright under Framework pact'
`Japan-India economic ties not fully tapped'
Commissioning of LNG terminal at Ratnagiri delayed
Kerala VAT collection shows improvement
TN sales tax exemption hailed
Bharath Pitstop gets recognition
Sri Lankan Govt needs strategic vision to resolve conflict
Star News' interactive news channel
IIM-K seminar on IT management
Electrical goods industry seeks single window clearances
CII, FICCI decry ban on colas
Diamond units' plea to revive trade
Residency to host `Chocolate Festival'
Crisil assigns below average rating to two initial public offerings
Leave the tribals alone
Backward area fund gets nod
MMTC, PEC pass over urad, moong import tenders
Airtel, Hutch, Idea join hands to ease congestion during crises
No collateral for loans up to Rs 10,000 for flood-affected
PM to visit Nanded today
Banks to give prompt flood relief in AP
PM to tour flood-hit States
Deora reviews impact of floods in Gujarat
BoB to recast Gujarat operations
ONGC declares force majeure on naphtha
Call for regulatory mechanism to preserve eco sensitive regions
Workshop on hospital accreditation

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line