Maha to provide loans to farmers through state co-op bank

Maha to provide loans to farmers through state co-op bank Mumbai: In a bid to ease hardships of farmers in seven districts of the state, the Maharashtra government has decided to step in and provide Rs 578 crore through the state co-operative bank since the RBI has passed strictures against the district co-operative banks.

State Co-operation Minister Harshvardhan Patil told the Legislative Assembly today during a debate on the issue through a calling attention notice that Rs 578 crore will be disbursed to the farmers in a week's time since district co-operative banks of Dhule and Nandurbar, Jalna, Osmanabad, Buldhana, Wardha and Nagpur have been barred from accepting deposits and disbursing loan by the RBI.

Responding to supplementaries, especially from Leader of Opposition Eknath Khadse, Patil rejected the charge that the government had interfered in the action or inquiry against Board of Directors of the banks.

Patil said Rs 841 crore out of Rs 1,354 crore allocated for crop loan have been disbursed to the farmers. The nationalised banks constituted Rs 122 crore of the total loan provided.

PTI