Andhra Pradesh Chief Minister N Chandrababu Naidu | Photo Credit: ANI

Andhra Pradesh Chief Minister N Chandrababu Naidu has asked banks to extend support to MSMEs – especially those belonging to BC, SC, and ST communities.

Presiding over the 233rd and 234th State Level Bankers’ Committee (SLBC) meeting in Amaravati on Friday, the CM reviewed the implementation of the Annual Credit Plan for 2025–26 as well as the progress of MSME and agricultural loans. 

According to SLBC data, loans amounting to ₹2.96 lakh crore were extended  to agriculture and allied sectors under the Annual Credit Plan FY26.

Agricultural loans ₹1,490 crore were provided to tenant farmers and loans amounting to ₹95,714 crore were sanctioned to MSMEs.

Naidu said, loans can be availed of at lower interest rates and the government is taking efforts towards credibility and branding. 

He said loans worth ₹2 lakh crore in Andhra Pradesh can be rescheduled, and that so far loans worth ₹49,000 crore have been rescheduled, resulting in savings of ₹1,108 crore.

The CM sought the support of bankers to expand natural farming. Bankers’ cooperation is essential for the development of MSMEs and other key sectors.

Priority should be given to MSMEs that support weaker sections in business. If MSMEs are encouraged, not only the primary sector but also the industrial and service sectors will grow, leading to all-round development of the State, he added.

Published on January 23, 2026