India News | Karnataka CM Directs Banks to Speed Up Loan Approval Under PMAY, PMSY Schemes

Bengaluru, Feb 11 (PTI) Karnataka Chief Minister B S Yediyurappa on Thursday directed the banks not to delay disbursement of loans to eligible beneficiaries under central schemes such as Pradhan Mantri Awas Yojana (PMAY) and Pradhan Mantri Swanidhi Yojana (PMSY).

Reviewing the progress of the schemes with bankers and officials at a meeting in Vidhana Soudha here, the CM expressed his displeasure over their implementation in the state, an official statement said.

"The progress in both these schemes is stagnant in Karnataka as compared to other states. Bankers should pay their attention to avoid delay in sanctioning loans under these schemes," Yediyurappa was quoted as saying.

He pointed out that the PMAY and PMSY were ambitious schemes introduced by Prime Minister Narendra Modi for the benefit of the poor.

The CM suggested that the banks prioritise implementation of the schemes.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)