Telangana: Medak bankers fall short of credit target; new lending goal set at Rs 6,517 crore

Collector directs bankers to be prepared to extend loans to unemployed youth under Rajiv Yuva Vikasa scheme during current fiscal

Medak: Bankers in Medak district achieved only 74.55 per cent of the lending target set by the district administration for 2024–25 fiscal.

District Collector Rahul Raj, who unveiled the Annual Credit Plan for the 2025–26 financial year, also announced the previous year’s achievements. Bankers had extended Rs 1,603 crore for the agriculture sector against the target of Rs 2,267 crore, achieving just 70 per cent of the goal. Overall, they disbursed Rs 4,366 crore across all sectors, falling short of the total target of Rs 5,857 crore, thereby achieving 74.55 per cent.

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Despite the shortfall, the district administration has increased the credit target for 2025–26 financial year to Rs 6,517.51 crore, up from last year’s Rs 5,857 crore.

The Collector directed bankers to be prepared to extend loans to unemployed youth under the Rajiv Yuva Vikasa scheme during the current fiscal.

Additional Collector Nagesh, DRDO Project Director Ch Srinivas, Lead Bank Manager Narsimha Murthy, NABARD DDM Krishna Teja among others were present.