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Thursday, June 24th, 2021

The banks should evaluate the land on the basis of floor rates : Hooda

INVC,, Chandigarh, Haryana Chief Minister, Mr Bhupinder Singh Hooda today urged the nationalized banks in the state to mortgage only an acre of land for sanctioning loans to farmers for tractors and evaluate the land on the basis of floor rates decided by the state government. Mr. Hooda was addressing Farmers and Self Employment function organized under loan distribution programme of Punjab National Bank (PNB) at Kurukshetra today. As many as 500 beneficiaries were given loans to the tune of Rs.25 crore in the function. Earlier, he inaugurated the circle office of PNB at Kurukshetra. The Chief Minister said that the banks should evaluate the land on the basis of floor rates decided by the state government. The cooperative banks of the state have already accepted the floor rates as the basis for the same, he added. He called upon the banks to implement pro-farmer schemes so that the economic condition of the farmers could be improved and they could be saved from clutches of money lenders. While emphasizing the need for diversification of crops, Mr. Hooda said that apart from farming, the farmers should also adopt other professions like animal husbandry, dairy farming, vegetables and floriculture. He said that the bank should train the farmers so that they could become self employed and self dependent. He urged the banks to provide loans on subsidized rate of interest in such professions. He also urged to provide softer loans to marginal farmers-labourers and small scale industries. Mr. Hooda said that in the new industrial and investment policy of the state, special focus has been laid on small scale and agro based industries. He said that bank should also encourage the self help groups by providing them training and loans. Mr. Hooda, who is also the Chairman of National Working Group of the Chief Ministers on Agriculture Production, said that the group constituted by Prime Minister, Dr. Manmohan Singh has submitted its recommendations for securing the better future for the farmers. The group has recommended that Minimum Support Price of the produces should include 50 per cent profit of the production cost for the farmers. He said that he was hopeful that after the study the recommendations of Working Group would soon be implemented in the country. The Chief Minister cautioned the farmers that they should conserve water and make the best use of every drop of water. There is a dire need to conserve water for our future generations. He said that the ground water table is depleting fast and if there was no water, there would be no production. He directed the officers of Agriculture Department to conduct study tours of the farmers to the Centre of Excellence for Vegetables at Gharaunda in district Karnal so that they could be benefited of the most modern techniques in vegetable farming. Mr. Hooda appreciated the Punjab National Bank for its plan to set up braches in 496 villages having population of more than 2,000. While appreciating PNB’s changes in Debt Swap Scheme, under Krishak Sathi Scheme, the limit of loan has been increased from Rs.50,000 to Rs. one lakh. For this, the debt ridden farmer would only have to furnish affidavit of debt rather than certificate from the moneylender, he added. Chairman and Managing Director of PNB, Mr. K.R. Kamat said that Kurukshetra is the fifth circle office of the bank in the state. 90 branches of PNB in four districts of Kurukshetra, Yamunanagar, Kaithal and Jind would be covered with this circle office. Cooperation and Food and Supplies Minister, Mr. Harmohinder Singh Chatha, Rajya Sabha MP, Dr. Ram Parkash, Working President of HPCC, Mr. Kuldeep Sharma, Chief Parliamentary Secretary, Mr Sultan Singh, Shahabad MLA, Mr. Anil Dhantori, and officers of district administration were also present on the occasion.

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