CM Chandrababu Launches Massive Credit Outreach In Palnadu

Banks are not just lending institutions, but partners in the development of the state CM Chandrababu Naidu said that we are giving a powerful weapon to the men of Palnadu. CM Chandrababu and Union Finance Minister Nirmala Sitharaman participated in the credit outreach program in Narasaraopet on Friday. On this occasion, loan documents were handed over to the beneficiaries. Later, the CM said that he wished that Palnadu should be the address to become entrepreneurs. He said that loans have been provided to 15 thousand Dwakra women and 13,355 entrepreneurs. He also revealed that loans have been provided to 5 lakh people in Palnadu district. He clarified that the goal is to provide loans to farmers, students, and all those who are eligible. He said that it is a matter of pride that banks go to the people and provide loans. He said that banks are not just lending institutions. They are partners in the development of the state. He said that these loans are useful to change the future of farmers. He said that reforms have been brought in line with Vikasit Bharat 2024. He said that a digital banking revolution has been brought. He said that crores of people have been given bank accounts through the Jan Dhan Yojana. CM Chandrababu said that the GST slabs were higher and many people lost money.