Congress govt. to spend Rs 6,000 cr for self employment schemes: Bhatti

Speaking at a review meeting with bankers here on Friday, he said that those who ruled for the last 10 years had neglected all the welfare corporations. The State government is ready to give subsidies and margin money, he said and called upon bankers to come forward to provide livelihood to unemployed youth.

Bhatti said that the Chief Minister A Revanth Reddy along with bankers would launch self employment schemes worth about Rs.6,000 crore at Wanaparthy on March 2. The State government will organise distribution of financial aid and assets under self employment schemes and implementation of welfare schemes as a festival on that day, he said.

The self employment schemes will enhance the State’s GDP, he said. The role of bankers is important in Rising Telangana and the State government has prepared plans to attract global attention, Bhatti said.

Conducive environment has been created through skilled human resources through Skill University and advancement of ITIs, supply of continuous quality power supply and effective law and order for attracting global attention.

Bhatti said that investments worth Rs.1.8 lakh crore were attracted to Telangana at Davos thanks to the efforts of the State government. The State government not only said that it would give top priority to the agriculture sector but implemented it by allocating Rs.52,000 crore to this sector.

In a span of three months, the government credited Rs.22,000 crore into bank accounts of farmers towards loan waiver of upto Rs.2 lakh. This was a record in the country itself. Bhatti said that the loan waiver decision benefited bankers along with farmers.

About Rs 22,000 crore were credited to banks at one go and it helped banks in the recovery of loans at one stroke. This certainly deserved appreciation from bankers, he said.

Apart from loan waiver, government released Rs.11,500 crore under Rythu Bharosa , Rs.1,500 crore under Rythu Bhima, Rs.11,000 crore subsidy under free power supply to farmers, Rs.1,800 crore towards bonus to fine variety of paddy. In addition to this farmers were getting benefits under various State government schemes and centrally sponsored schemes.

Bhatti also said that the State would develop only when rural areas were developed on a priority basis. With an objective of pushing the national policy, under Indira Mahila Shakti, the State government has taken up a scheme to encourage women to set up solar power generation units.

An MoU was reached with solar power companies to generate 1,000 MW of solar power. He called upon bankers to come forward to encourage women.

Stating that Revanth Reddy is giving importance to Hyderabad, he said the government considered Musi River as a jewel of Hyderabad. The government’s objective was to work for rejuvenation of Musi river and protect the health of people living in the vicinity of Musi river. Bankers have to extend financial assistance to those displaced under Musi River Development scheme.

Bhatti disclosed that interest free loans would be extended to Musi displaced women. An amount of Rs.20,000 crore was extended to women SHGs. With the construction of Regional Ring Road, industrial, pharma and housing clusters will be developed on a large scale.

Once RRR is completed, large scale investments will come to the State, he said and added that the State government has prepared plans ready to attract the world's attention. He sought the cooperation of bankers in extending financial help to the MSME sector that provides employment to lakhs of people.

The State government was not for development confined to only a few areas in the State but to include all regions and sections of society, he said. Bhatti said that the meeting with bankers was organised ahead of budget so that they would formulate their plans in line with the government's priorities.

After 10 years of neglect of Telangana, the State government gave equal priority for welfare and development and bankers should prepare their plans accordingly, he added.