CM urged the Central Government to increase the Capital of Cooperative Banks in Haryana. 11-02-2015
Chandigarh February 11: Haryana Chief Minister Mr Manohar Lal today urged the Central Government to increase the Capital of Cooperative Banks in the State so that these institutions could provide maximum financial assistance to the farmers. He added that State Government has provided an assistance of Rs 100 crore to the Land Development Banks of the State. The Chief Minister was addressing the State Credit Seminar, Haryana 2015-16 organized by National Bank for Agriculture and Rural Development (NABARD) here today. The theme of the Seminar was accelerating pace of capital information in agriculture and allied sectors. On this occasion, he released the State Focus Paper 2015-16 of NABARD and also gave away mementos to representatives of various government departments, banks and NGOs for their outstanding contribution in activities of NABARD. The State Focus Paper envisages bankable credit potential estimates of Rs 89049 crore under priority sector lending in Haryana for the Financial Year 2015-16 showing growth of 14 per cent over the State Credit Plan for the current year. The Bankable credit potential under Crop Loan has been estimated at Rs 45,210 crore contributing 51 per cent of the total priority sector credit estimates. The agriculture term loan credit potential, which supports capital formation has been projected at 15,198 crore, Micro Small Enterprise Sector at Rs 14,733 crore and other priority sector at Rs. 13,908 crores. The Chief Minister asked the NABARD to simplify its loan scheme by imposing minimum terms and condition. This, he said would not only facilitate the farmers in getting loans but also encourage them to repay the same as without recovery, it was not easy to run these financial institutions, he added. He urged the banks and government departments to work together to translate the potential plan prepared by NABARD into reality for the betterment of State. While describing agriculture and rural development as the back bone of the State’s economy, he said that efforts were being made by the State Government to increase the income of farmers. He said that land holdings are shrinking and farmers are earning less. Keeping this in view, crop diversification is being promoted and farmers were being encouraged to adopt horticulture, bee keeping and dairy farming to increase their income. Apart from this, the government has decided to provide 50 per cent subsidy to farmers on setting up of mini dairies of cows of indigenous breed which was 25 per cent earlier. To further promote dairy farming in the State, Samuhik Gaushalas would be constructed in villages. He said that the State Government has decided to develop all villages in the State as Adarsh Villages. The Prime Minister Mr Narendra Modi has launched Sansad Adarsh Gram Yojana and under this scheme, all MPs in the State have adopted one village each. Apart from this, education institutes, corporate sector, NGOs and other renowned personalities have also come forward to become a part of this scheme so that all necessary infrastructure, education and medical facilities could be provided to the people. This scheme would also aim at checking the migration of people from rural to urban areas. He assured that, if needed, the government would provide all possible assistance to these institutions and NGOs. Speaking on this occasion, Minister of State for Cooperation Mr Bikram Sing Yadav said that efforts were being made by the State Government to strengthen cooperatives banks so that credit needs of the farmer could be met through these banks easily. Chief General Manager, NABARD, Dr D.V Deshpande said that NABARD would be extending financial support of about Rs 8250 crores in the State in the current year. The priority areas such as polyhouses for protected cultivation of vegetables and fruits, warehousing infrastructure, creation of more knowledge infrastructure like Centre of Excellence, labs were laid out as way forward for taking Haryana ahead. The cumulative support to the State Government under Rural Infrastructural Development Fund (RIDF) by NABARD has reached to 3179 crores. Regional Director, RBI Mrs Rashmi Fauzdar and Convener of State Level Bankers Committee Mr B.M Padha also spoke on this occasion. Those who present on this occasion included Additional Chief Secretary, Agriculture Mr Dhanpat Singh, Principal Secretary Finance Mr P.K Das, Principal Secretary, Cooperation Mr Alok Nigam and other senior officers of the State Government and NABARD.