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Home » Highlights » Agricultural Achievements

Agricultural Achievements

Doubling of Agricultural credit:

Keeping in view the announcement of the Union Government to double the flow of agriculture credit within a period of 3 years, the District Central Cooperative Banks under the leadership of Orissa State Cooperative Bank have taken the following steps in order to achieve annual growth rate of about 35% in disbursement of agricultural loan. The main strategies to achieve the target are:

  1. Augmentation of the resource base of the DCCBs and the PACS by mobilizing share capital from members and availing Government contribution from out of the NRC (LTO) fund of NABARD to increase the borrowing power of the organizations to cope with the increased demand for financing under the scheme.
  2. Reduction of defaulters by implementing the schemes to provide fresh finance to the ‘farmers in distress’ and ‘farmers in arrears’.
  3. Revision of scale of finance in view of increase in cost of inputs so as to increase per capita disbursement.

The requirement of funds and the target for doubling the credit in 3 years taking the base year as 2003-04 is mentioned as under:

 

Year

Crop loan

Term loan

Total

% of growth

Base year i.e. 2003-04

742.49

71.37

813.86

 

Target for double the credit

1484.98

142.74

1627.72

100%

2004-05 (Achievement)

959.67

36.85

996.52

22.44%

2005-06 (Programme)

1270.00

100.00

1370.00

37.41%

2005-06 (Achievement – Khariff)

764.35

15.45

779.80

 

2005-06 (achievement – Rabi)

120.56

13.48

134.04

 

2006-07 (Programme)

1500.00

128.00

1628.00

 

2006-07 (Achievement)

1559.16

39.37

1598.53

 

 

Relief for the ‘farmers in distress’ and ‘farmers in arrears’:
 The bank has implemented the schemes to provide relief to ‘farmers in distress’ and ‘farmers in arrears’ and converted / rescheduled the loan outstanding of 4,88,217 farmer members aggregating to Rs.466.26 crores. These members have become re-eligible to avail fresh finance. Up to 31.03.2007, 2,77,725 such farmers have been provided with fresh loans to the tune of Rs.194.54 crores.

 
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