Bhubaneawar, October 14: As many as 384 Banking Assistants were inducted in 15 district Central Co-operative Banks in the presence of Chief Minister Naveen Patnaik here on Friday.
Patnaik also launched online operations in Primary Agriculture Cooperative Societies on the occasion. With this, total 2,063 PACS came under the Core Banking Solution platform.
“Co-operative Banks and PACS provide around 60 per cent of the total crop loans disbursed in the state. The Government has been providing share capital assistance to the Co-operative Banks and PACS in order to build up a strong capital base for them. The Government is also providing interest subvention support to the farmers,” said Patnaik.
Speaking on Odisha State Warehousing Corporation, he said, it provides logistic support for storage of food grains for distribution under PDS and other welfare schemes of the Government.
He congratulated the newly inducted 28 personnel of the Corporation and hope they will work with sincerity and efficiency to strengthen the system.
During the programme, the OSWC paid a dividend of Rs 3.07 vrore to the Government.
Cooperation Minister Atanu Sabyasachi said computerisation of Coop Banks, PACS will bring revolutionary changes in Coop sector, and farmers’ financial inclusion will improve rapidly.
Three newly appointed persons Jayashree Soren, Biranchi Narayan and Sandeep Sourav thanked the Chief Minister for the 5T initiative.
APC Sanjeev Chopra, Secretary of Cooperation Sanjeev Chaddha also spoke.
It may be mentioned here that the Cooperative Banks and PACS provide banking and credit services to the people at the grassroots level.
The PACS and LAMPCS disburse crop loans for seasonal agricultural operations to the farmers through Kisan Credit Cards and to the tenant farmers, share croppers, oral lessees etc. through Self Help Groups and Joint Liability Groups.
The Government is facilitating disbursement of crop loans up to Rs 1 lakh free of interest.
Credit support is also provided to the farmers for asset creation in agriculture under farm mechanization, land development, horticulture, animal husbandry, fishery etc. In addition, farmers in the State avail the services of inputs supply like seeds, fertilizers, pesticides along with marketing of their agricultural produce viz. paddy, oilseeds and pulses through these PACS and LAMPCS.
