OSCB to disburse Rs 8K crore crop loan this year

Bhubaneswar: The Odisha
State Co-operative Bank Limited (OSCBL) has set a target to dole out a total of
Rs 8,000 crore as short-term crop loans during the current fiscal 2014-15. The
targeted amount is 13 per cent increase in comparison to last year’s loan
amount of the same category.
The bank has also
decided to dispense Rs 4,200 during Kharif and Rs 3,800 during Rabi crop
season. In financial year (FY) 2013-14, this apex cooperative body of the State
had disbursed Rs 7090.27 crore to 28.66 lakh farmers. The loan amount was 101
per cent of targeted amount of Rs 7,000 crore
It may be noted here
that, an average of 65 per cent of crop loan is being provided to the farmers
each year by the OSCBL. A total of 2705 Primary Agriculture Credit Co-operative
Societies under 17 Central Co-operative Banks are supporting in giving the
credit amount.
While the current
Kharif season started from April 1, the OSCB has set credit targets for Central
Co-operative banks operating in different parts of the State. Sambalpur
District Co-operative Bank has been given highest credit disbursement target of
Rs 715 crore.
Credit targets set for
other 16 Central Co-operative banks are as follows: Cuttack (Rs 660 cr),
Balasore-Bhadrak (Rs 600 cr), Angul (310 cr), Koraput (210 cr), Khurdha (Rs 200
cr) and Sundargarh (Rs 200 cr), Bolangir (Rs 160 cr), Nayagarh (140 cr), Banki
(Rs 150 cr), Berhampur (Rs 150 cr), Mayurbhanj (Rs 130 cr), Aska (Rs 125 cr),
Boudh (Rs 120 cr), Keojhar (Rs 120 cr), Puri-Nimapara (Rs 110 cr) and
Bhawanipatna (Rs 100 cr).
Koraput District
Co-operative Bank had registered the highest 118 per cent credit disbursement
during 2013-14.     

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