Naidu asked bankers to increase lending to agriculture and allied activities, Micro Small and Medium Enterprises (MSMEs), entrepreneurs and women of Self-help groups (SHG).
He also sought their support for State Development Loans (SDLs), according to an official release.
"Given that the food habits of people are changing, there is rising demand for poultry, fish (aquaculture) and horticulture. Allied sectors (of agriculture) generate more jobs and hence, you can look at ways to lend to farmers relying on these activities," he said.
The government's decision to hand over sand mining to women of SHGs has fetched about Rs 550 crore, the Chief Minister said adding this has not only led to streamlining of sand mining and sale, it has also made SHG women financial independent and has become a growth driver for AP.
More From This Section
"About 90 lakh women in the state are part of SHGs with an accumulated corpus of Rs 3,850 crore. Some of these groups are, however, under-performing. I want every group to have a corpus and inculcate a culture of savings once they borrow money from banks. Savings have to go up and the best channel to propagate this is the SHGs," Naidu said.
By August 2015, the state government will ensure distribution of RuPay cards to every family in the state. The RuPay card will have Unique ID number inscribed on it, the release added.