CS tells departments to expedite disbursal of NABARD loans
Saturday, 21 OCTOBER 2023 | PNS | DEHRADUN
The chief secretary SS Sandhu has directed the departments of State government to expedite the process of the loan disbursal. He chaired a meeting held at the State secretariat to review the loan targets of the National Bank for Agriculture and Rural Development (NABARD) on Friday. He said that the loan disbursal by the departments is not satisfactory as compared to the approved proposals by the NABARD. The CS also asked NABARD to expedite the process of approval of the proposals. He directed the department secretaries and the heads of departments to undertake weekly reviews of the process of loan disbursal and payments. He asked the secretaries to link the proposals under the Rural Infrastructure Development Fund (RIDF) with the department calendar and to ensure that the entire process of approval of proposal to the disbursal of loans is done within a stipulated time frame. The CS also directed that the project completion reports should be submitted without any delay.
He suggested that good quality proposals should be continuously prepared and the DPRs should be submitted to NABARD along with the finance department for the timely approval from NABARD. The CS said that regular updates on the Gati Shakti Uttarakhand portal are also made.
Secretary Dilip Jawalkar said that against the loan target of Rs 1,090 crore, proposals of Rs 907.93 crore have been sent to NABARD and it has given its approval to the proposals of Rs 501.20 crore.
He informed that against the loan disbursal target of Rs 900 crore the departments have only disbursed Rs 273.82 crore.
The meeting was attended by secretaries BVRC Purushottam, Deependra Kumar Chaudhary, SN Pandey, additional secretary C Ravishankar, Vineet Kumar and others.