The Hindu Business Line : Banks in Haryana disburse loans worth Rs 3,087 cr

BANKS in Haryana disbursed loans worth Rs 3,087 crore between June 2003 and June 2004, according to the Punjab National Bank General Manager, Mr D.L. Rawal.

Delivering the keynote address at the 89th meeting of the State Level Bankers' Committee for Haryana here on Thursday, he said that 51 new branches of commercial banks and regional rural banks were opened in the State during the review period, thus raising the total number of branches from 1,549 to 1,600.

The total deposits of the banks increased from Rs 24,714 crore as at June 2003 to Rs 27,445 crore in June 2004, showing a growth of 11.1 per cent as compared to a growth of 6.2 per cent registered during the corresponding period of last year.

Priority sector advances increased by Rs 2,474 crore and in the agriculture sector, the advances increased by Rs 1,109 crore, he added. Advances to the small scale industries increased by Rs 461 crore.

Mr Rawal said that Haryana had made tremendous contribution in socio-economic development of the country during the past 37 years. Though small in size, it was one of the most progressive States of the country having one of the highest per capita incomes.

The decision of the State Government to implement Contract Farming as a measure to boost agricultural marketing was a positive development.

However, he urged the Government to resolve the issues relating to suggested amendments under HACOMP Act and Haryana Public Moneys (Recovery of Dues Act).

B.P. Chopra, General Manager, PNB, Northern Zone, stated that all the eligible farmers in the State had been issued Kissan Credit Cards well before the deadline of March 31, 2004 set by the Union Government.

Mr Rajiv Arora, Director of Agriculture, stressed on the effective implementation of the National Agriculture Insurance Scheme. The scheme is compulsory for farmers availing themselves of loan and voluntary for other farmers.

The crops covered are cotton, bajra, maize and arhar. As on June 2004, nearly 1.50 lakh farmers had been covered under the scheme and crops sown under an area of one lakh hectares had been covered.

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