Cooperative banks agree to finance women SHGs

All cooperative banks have agreed to participate in National Rural Livelihood Mission where women self help groups (SHGs) will get subsidised loan on the pattern of commercial banks, state government said today.
The banks in the state were performing well and surpassed the targeted budget by disbursing a fresh credit of Rs 9,265 crore for various activities upto December, 2013, Principal Secretary (Finance) Shrikant Baldi said at a bankers meeting here.
As many as 54 new bank branches were opened during the quarter ended December, 2013, raising the total number of branches to 1,760 in the state, he said. In addition, 1305 ATMs were installed by banks, he added.

Baldi said that discussion was on to finalise a new model, where the charge of bank on lent property was to be made through ICT based technology which will curtail various visits of borrowers availing bank loan in the state.
He called upon the bankers to stimulate their efforts to cover all needy farmers under Kisan Credit Card Scheme.