Kisan Bank to help out marginal farmers

Staff Correspondent

‘More such initiatves should be taken for uplift of the poor’

Bank established by HESCOto cater monetary and technical needs of poor farmers

Bank set up with a corpus of Rs 1 lakh; to lend interest free loans

DEHRA DUN: Good tidings await the marginal and landless farmers of Uttarakhand with the launching of the unique Kisan Bank by the Himalayan Environmental Studies and Conservation Organisation ( HESCO) here on Wednesday.

Common facility

Inaugurating the unique initiative, the Minister for Agriculture, Trivendra Singh Rawat said the common facility in the form of a bank would go a long way in catering to the monetary and technical needs of the poor farmers and more such initiatives were required for uplifting the lot of the poor in the State.

Manju Sharma, former Secretary of the Department of Biotechnology felt that civil society organisations should also work for improving the nutrition and health services for the poor.

Giving out details, Anil Joshi, patron of HESCO said that the Gramin Bank project was the outcome of his cycle yatras where farmers felt the need for a need specific bank to cater to their needs. The bank set up with a corpus of Rs 1 lakh Dr Joshi had received as prize money of the Real Hero Award recently will lend interest free loans to farmers.


“We would accept repayment in cash or kind. Kind is preferred as that would enable us to do value addition to the produce and earn some profits that could be rolled back into the bank,” Dr Joshi said.

Rakesh Kumar, Coordinator of the project said that MAHYCO had donated good quality seeds worth Rs 3 lakhs which would be used to give the seeds as loans to the members. The Gramin Bank has about 200 members and the target was to enrol 300 more within a month, he said.

Farmers happy

Expressing happiness over the initiative, Sarla Devi a farmer said that now she would be able to take need based loans for ploughing, sowing and harvesting with due respect and not get humiliated as often happened when seeking loans from commercial banks or money lenders.

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