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Yavatmal collector orders closure of six a/cs in SBI

Press Trust of India  |  Yavatmal 

district today ordered closure of six accounts of state government in the of India for the bank's failure to meet the crop loan disbursal target.

"The SBI was given a crop loan disbursal target of target of Rs 571 crore, but they disbursed a meagre amount of Rs 51 crore so far despite continuous instructions and warning," the said.

He said all the six accounts are now diverted to the Central and Union of India.

"The crop loan is the right of the farmers and adequate provisions have been made in the annual budget of the country," Deshmukh said.

He said the district has been given a target of Rs 2078 crore loan disbursal against 43,280 eligible farmers for 2018.

"So far, only Rs 377 crore has been distributed which comes to only 10 per cent of the target," Deshmukh said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 15 2018. 00:10 IST