Puttaparthi: Banks told to sanction loans liberally for industrial units

Puttaparthi: District Collector P Arun Babu has called upon prospective entreprenuers to take full advantage of the PM Vishwakarma scheme. He also directed banks and financial institutions to sanction loans for setting up employment generating industrial units in the district.

Presiding over the district industries export promotion committee meeting here on Wednesday, Arun Babu said loans should be sanctioned liberally for those intending to establish industrial units in the plots allotted in industrial estates.

All those eligible for the PM scheme should make full use of the scheme.

The scheme will assist the gandi-crafts, handlooms and other traditional craftsmen to set up production units.

The collector also reviewed the implementation of government schemes and asked managers to act in time on the applications received.