“So the sanction of Rs 21,000 crore to the district central cooperative banks (DCCBs) will enable them to pass on or grant funds to the primary agriculture cooperatives. This will then help in meeting crop loan requirements of farmers in Rabi season,” he said.
This, he said, will help in smooth flow of credit for farmers to enable them to undertake rabi requirements.
“Over and above this Rs 21,000 limit, as and when the additional limits are required, they will also be sanctioned by NABARD,” he said.
To ensure farmers get credit in cash, the government has advised NABARD, RBI and banks to make the required cash available.
Banks have been asked to ensure the district cooperative banks and regional rural banks, which provide loans to several farmers’ cooperatives, get sufficient cash.
“DCCBs will get their cash from currency chests of banks and state cooperatives. NABARD has created list of DCCBs and their list of requirements have been given to banks,” he said.
(Sourced from agencies, feature image courtesy:oneindia.com)
