Banks extend Rs.4124-cr. short-term loan to farmers

Staff Reporter

Ramanathapuram: Despite constrains from various quarters, cooperative societies and banks have advanced a sum of Rs.4124 crores short-term loan to farmers and others during the last four and half years, according to R. Radhakrishnan, Minister for Housing.

Participating in the 52nd Cooperative Week celebrations held here on Friday, he said the Government had taken sincere efforts to revive sick societies through various activities immediately after came to power.

Similarly, Rs.300 crores had been disbursed to various beneficiaries as medium-term loan. The cooperative banks had also disbursed long-term loan to the tune of Rs.541 crores. A sum of Rs.1712 crores had been given to various beneficiaries as non-farm sector loans.

Outlining the various schemes and benefits implemented by the Government, the Minister said cooperative societies had started returning to the development path during the last few years because of corrective measures.

Mr. Radhakrishnan said self-help groups were prompt in repaying the loan advanced by the cooperative banks. The Government had taken a number of steps to motivate the self-help groups and give economic prosperity to the families of SHGs and rural people.

The Collector, K. Sellamuthu, said so far 1.72 lakhs farmers were included under the Chief Minister's Farmers Protection Scheme. A sum to the tune of Rs.8.10 lakhs was disbursed to 145 beneficiaries as on date. Steps had already been taken to disburse benefits to another 700 farmers, who had applied under the Farmer's Protection Scheme.

He said so far a sum of Rs.14.20 crores was distributed to nearly 28000 people, who were affected by the tsunami.

Mr. Sellamuthu appealed to the Housing Minister to take steps to sanction Rs.1.14 crores to undertake repair activities in housing colonies.

The MLAs, Pathinettampadian (Muthukulathur) and Anwar Raja (Ramanathapuram), the Joint Registrar of Cooperatives, R.M. Jayam Pandian, and others participated.