Directing to strengthen cooperative banks, Chief Secretary Rajbala Verma today said that 400 new branches of Cooperative banks should be opened in all blocks and lampas should be considered as extension of banks so that gram panchayats and others surrounding villages can have access to banks. Presently 117 branches of Cooperative banks are functioning in the state. While reviewing Cooperative bank, its works and status with the bank officers, she said to appoint people in the bank through I.B.P.S.
She said that the required workers should be estimated and target should be fixed to convert present 1697 cr rupees into 5000 cr. She directed to fix target on headquarters level and provide them the directives. Funds related with land acquisition are pending with districts. She said that departmental secretaries should write to concerned DCs to submit the funds in cooperative banks. At the same time, she directed that Revenue, Registration and land Reforms Department should be coordinated personally and efforts should be made to get Rs. 200 cr. revolving funds from MGNREGA. In order to strengthen the banks, salary accounts of block level officers and staff should be opened with it.
The CS directed the Cooperative bank officials of Jharkhand to estimate all the assets and use them for commercial purposes. She also said that profiling of loans bank-wise should be done and recovery should be ensured.