Yavatmal: In an unprecedented action,
Yavatmal collector has ordered closure of six government accounts being operated from the country’s largest bank State Bank of India (SBI) for its failure to meet the
crop loan disbursal targets.
Collector Dr Rajesh Deshmukh issued orders to this effect on Thursday. According to Deshmukh, SBI had been given a target of Rs571 crore loan disbursal to Yavatmal farmers. But the bank disbursed a meagre amount of Rs51 crore despite repeated warnings.All the six accounts have now been transferred to Central Bank of India and Union Bank of India, both having satisfactory fulfilment of their respective targets, he added.
“The district has been given a target of Rs2,078 crore loan disbursal to 43,280 eligible farmers for 2018. However, so far only Rs377 crore have been distributed which comes to mere 10% of the target,” Deshmukh said.