Provide cheaper loans to farmers, Arya tells banks

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The State Irrigation and Cooperative Minister Yashpal Arya, has called upon the banking sector including the cooperative banks to provide loans to farmers at cheaper rates and easy terms.

Speaking at the 87th general body meeting of the Nainital District Cooperative Bank limited (NDCBl) here on Sunday, Arya said that keeping in view the problems like unemployment in our society, the banks must come with employment oriented schemes so that small and medium sector farmers may also benefit from these schemes. 

The banking sector can play an important role to bring the small and medium class farmers to the mainstream of development by way of providing loans to the farmers at cheaper rates and easy terms, he maintained. At the same time, the State Cooperative and Irrigation Minister also lauded the efforts of the NDCBl for earning net profit Rs 5.51 crore as on March 2014.

Meanwhile, unfolding the future course of action of the Nainital District Cooperative Bank limited ,the officials concerned of the said bank maintained that the main focus of the banks in the coming times ahead  would be on promoting employment oriented schemes like educational loan, occupational loan, self-employment credit card scheme, Veer Chandra Singh Garhwali scheme to name a few so that needy people including unemployed youths could make the most of these schemes. 

Besides, some of the officials of the NDCBl were also honoured on the occasion of this general body meeting of the aforesaid bank. Among others RS Negi, chairman of the NDCBl and  senior officials of the bank were also present on this occasion.

Daily Pioneer
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