Karimnagar Tops PMFME, Loan Disbursement

Karimnagar Shines in PMFME and Bank Loan Disbursement: A Celebration of Achievement and Call to Action

Karimnagar district has emerged as a champion in both the implementation of the Prime Minister’s Formalization of Micro Food Processing Enterprises (PMFME) scheme and the disbursement of bank loans under various government initiatives. This remarkable achievement was lauded by Collector Pamela Satpathy during a review meeting with bankers on Wednesday.

Leading the Way in PMFME:

Karimnagar secured the top spot in the entire state for successfully grounding 572,190 units under the PMFME scheme.
Bakery, spices, flour mills, and rice-based units were among the key areas benefiting from this initiative.
This impressive accomplishment highlights the district’s commitment to empowering micro-entrepreneurs in the food processing sector.

Championing Bank Loan Disbursement:

As of February 13, 2024, Karimnagar surpassed its target by disbursing a staggering ₹67,769.26 crore in bank loans to 10,643 self-help groups (SHGs).
This represents a remarkable 105.83% achievement of the set target, showcasing the district’s dedication to financial inclusion and empowerment.
Loans were distributed across various sectors, with the highest allocation going to agriculture and allied activities (₹3,528.12 crore), followed by MSMEs (₹1,551.52 crore) and housing (₹225.18 crore).
Building on Success: A Call to Action

While celebrating this achievement, Collector Satpathy emphasized the need for sustained efforts. She urged bankers to:

Sanction loans are pending in the proposal stage to further accelerate financial assistance.
Focus on loan recovery by ensuring timely repayments from beneficiaries under various schemes.
Maintain the momentum to solidify Karimnagar’s position as a leader in economic development and financial empowerment.