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BIZ-COOPERATIVE-MITRA


PTI kolkata India
Updated: 19-11-2018 16:12 IST

West Bengal is a leader when it

came to cooperative movement in the country, state Finance

Minister Amit Mitra said Monday.

He said in West Bengal, Nadia district excelled and

has won recognition from the Union government.

Mitra highlighted the stellar growth achieved under

the Trinamool Congress (TMC) government in terms of disbursals

to coperatives and self help groups (SHGs) at the inauguration

of the centenary year of the state cooperative banks'

celebration and 'Samabay mela'.

Mitra however, evaded a question on high bad loans of

the West Bengal State Cooperative Agriculture & Rural

Development Bank whose gross and net non performing assets

(NPA) stood at 23.27 per cent and 17.12 per cent,

respectively, as on March 2018.

Mitra said credit deposit ratio of the cooperative

bank was 81.16 per cent which was "exceedingly good".

Cooperative banks, which play a crucial role in

agriculture and rural development, extended crop loan of Rs

1,388 crore during 2010-11 but the same has jumped to Rs 3,300

crore now, Mitra said.

Similarly, loan to SHGs was at Rs 129 crore when the

TMC government took over and it has been now increased to Rs

612 crore, he said.

Paddy procurement has also jumped to 5.08 lakh MT

now from 1.97 lakh MT in 2010-11.

Department of Cooperation Minister Arup Roy said the

government has taken initiatives to expand the cooperative

banks in 710 gram panchyats of of which 50 was inaugurated on

Monday.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : India

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