The has asked the banks operating in the state to help boost theeconomic activityinTelanganaby extending moreloansfor purchase of vehicles, computers, electronic goods and garments in a drive mode, as it would be beneficial to both the bankers and the state.
Chief secretary Somesh Kumar suggested proactive measures from the former towards increasing economic activities in the state for accelerated Growth of the states economy.
He also asked the bankers to organiseloanmelas, open counters in shopping malls, offer additional interest rebates on sales, simplify loan process and documentation, introduce new schemes for extending loans and fast-track DECISION MAKING to boost consumption.
Earlier, the chief secretary held discussions with stakeholders of retailers, shopping malls, tourist operators and hospitality sector in the state and sought their suggestions for revival of the economy.