The Hindu Business Line : Syndicate Bank to step up farm credit

INVESTMENT credit in agriculture sector, which has come down in the last two decades, needs to be increased to increase farm productivity, according to the General Manager of Syndicate Bank, Mr B. Pramod.

Addressing a branch managers' conference of Karwar Region at Kumta in Uttara Kannada district recently, he said that Syndicate Bank has decided to finance farmers through various schemes. This will help increase farm productivity and income of farmers.

A press release by the Karwar Regional Office of the bank said here on Monday that the bank has formulated various strategies to step up agricultural credit.

The Regional Manager of the bank, Karwar, Mr K.U. Shanbhag, said that the bank, which has lent over Rs 25 crore to farmers, is planning to increase it to Rs 45 crore by March 2005.

All the branches have organised village-level meetings to explain various facilities available to farmers so as to bring them to the bank's fold.

The bank has taken steps to provide relief measures to the farmers in five drought-affected taluks of the district through its 17 branches.

Steps have also been taken to provide fresh credit to farmers in those taluks.

The release said that 46 branch managers from Uttara Kannada district attended the conference.

More Stories on : Public Sector Banks | Farm credit | Karnataka

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