The Telangana government will host the ‘Telangana Rising 2047’ festival on December 8 and 9. Deputy CM Bhatti Vikramarka stated that banks must actively partner in the state’s development. Moreover, the government plans to release a roadmap targeting a three-trillion-dollar economy and 13% GDP growth by 2047.
As electricity demand rises 10% annually, the government focuses on supplying reliable power. Additionally, Vikramarka emphasized that rural economies, infrastructure, MSMEs, and women’s economic initiatives will form Telangana’s future foundation. Banks can increase employment and wealth by extending loans to SHGs and MSMEs.
The Transformation Project will construct 13,000 km of internal roads, reshaping the state’s economic landscape. Furthermore, banks should prioritize lending in key sectors. In agriculture, combining government support for crop loans, irrigation, and 24×7 free electricity with bank participation will enhance farmers’ prosperity.
Banks must also reduce delays in MSME loans, address working capital gaps, and adopt CGTMSE, digital assessment, and cluster-based lending. Finally, by improving financial inclusion, insurance coverage, and PMJDY implementation, banks can move from simple transactions to transformative partnerships. Consequently, the coming decade could become Telangana’s most transformative era.
