Monday, February 20, 2012

Deposits in co-op banks, societies up

CHENNAI: Deposits in co-operative banks and societies in TN have touched Rs.23,081 crore so far this fiscal, even as crop loan disbursal is close to achieving target, the Cooperation Department said on Tuesday.
Minister for Cooperation Sellur K Raju reviewed implementation of 15 schemes announced in the budget session of the Assembly last year as there are just 45 days left in the current financial year. Raju directed the officials to achieve the targets fixed for various loans by March 2012.
During the current financial year, it was decided to extend short-term crop loans to farmers to the tune of Rs.3,000 crore and so far, Rs.2,821.61 crore has been disbursed. Of this, around Rs.600 crore was to be given to the members belonging to the SC/ST communities and as of now, Rs.373.11 crore has been disbursed. The government had fixed Rs. 5,920 crore as the target for disbursing loans through 125 urban cooperative banks and of this, Rs.4,377.36 crore has been given, the department said.
The status of disbursal of other loans is as follows: jewel loans Rs.676.69 crore against Rs.1,000 crore), investment loans (Rs.151.60 crore against Rs. 300 crore), produce pledge loans (Rs.40.75 crore against Rs.85 crore), minor irrigation loans (Rs.26.10 crore against Rs.50 crore), micro credit loans (Rs.46.57 crore against Rs.80 crore), and loans for differently-abled (Rs.9.99 crore against Rs.15 crore).
Meanwhile, it was decided to disburse Rs.170 crore as loans to SHGs through District Central Cooperative Banks, Urban Cooperative Banks, Primary Agricultural Rural and Development Banks. Of this, Rs.111.50 crore has been disbursed so far, a government release said.

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