As per a state level bankers committee meeting held in Shimla, Himachal Pradesh, it has come to light that more than five lakh Kisan credit cards
are inactive in Himachal Pradesh.
There were eight lakh Kisan Credit cards
issued in the state, out of which only 2.4 lakh were active and the rest inactive. The Chief Secretary (Finance) has asked the bankers in the state to motivate the farmerse to use their credit cards by holding camps for propagating the benefits of the cards in rural areas.
It is important for banks to give importance to economic activities. They should advance loans
in priority sector areas to make the initiatives of the government in social security and development sectors to be more beneficial. Almost Rs. 9, 266 crore has been disbursed under the Kisan Credit Cards scheme among the farmers.
Kisan credit card
provides a need-based and timely credit support to the farmers for their cultivation needs as well as for non-farm activities. The banks were asked to arrange and support point of sale terminals in government offices, hospitals and public utility services in order to reduce dependency on cash and to promote cashless transactions.
Banks were also asked to fund micro-irrigation schemes in rural areas to boost economic activities in the villages.
The state is facing problems with the declining credit-deposit ratio. The non-performing assets (NPAs) of banks were presently totaling Rs 2, 005 crore.More
Posted on: 2017-03-26 09:32:01