CHANDIGARH: Haryana Special Secretary (Finance) Vijay Vardhan on Monday urged bankers to enhance credit through self-help groups and also train them for marketing and publicity.
Addressing the 105th meeting of the State Bankers’ Committee organised by Punjab National Bank here, he said agriculture credit had declined substantially due to debt waiver and debt relief worth Rs.2,000 crore provided to the farmers. “The bankers should step up their efforts to increase credit growth in the coming quarter in order to achieve the target level,” he added. The economy of Haryana, he added, had changed from primarily agriculture to service sector.
PNB Chairman K. C. Chakrabarty disclosed that 146 new branches of commercial banks and regional rural banks had been opened in Haryana, thus raising the total number of branches from 1,857 to 2,003. The total deposits of the banks in the State had increased from Rs.62,736 crore in June 2007 to Rs.71,247 crore in June 2008, showing a growth of 13.56 per cent, he added.