RBI released 2,600 crore for banking community in Telangana

Vastavam web: The RBI today released Rs 2,600 crore for the banking community in Telangana for lending to farmers in the ongoing kharif season.According to an official release, the amount was more than the earlier commitment of Rs 1,700 crore made by the Center to the state.”On the subject of availability of cash to the farmers in the banks of Telangana for the kharif season, Shri Arun Jaitley (Finance Minister) directed the Reserve Bank of India to release more funds to Telangana and advised the banking community to utilise the funds for farmers.

With this, each erstwhile district of Telangana – Adilabad, Nizamabad, Ranga Reddy, Warangal, Karimnagar, Khammam, Nalgonda and Mahaboobnagar – would get Rs 150-200 crore, Rs 50 crore more than the original commitment, it said.