Himachal Chief Minister Virbhadra Singh on Thursday said that the procedure for giving loans to horticulturalists should be liberal whether they were taking loans for cultivation, machinery or for irrigation purposes.
Addressing the 379th meeting of the Board of Directors of the HP State Co-operative Bank here, the chief minister said the process should be simplified and the norms be made liberal so as to benefit them.
He also released a horticultural sectoral document of NABARD ‘Status and Report’.
Chairman HP State co-operative Bank, Harsh Mahajan along-with Board of Directors presented a cheque of `51,00,000 to the Chief Minister towards CM Relief Fund and also a dividend cheque of `7,21,920 as payable to the government for the financial period 2014-15.
Mahajan said the bank was in the process of opening 21 new branches and two extension counters in the State.
Managing Director Gopal Sharma gave a power point presentation and briefed about overall performance of the bank.