DCCB should give farm loans irrespective of losses, says Minister

District Central Cooperative Bank (DCCB) person to springiness loans to farmers. It is the work of specified fiscal institutions. They tin not flight from specified responsibilities saying that it could origin them losses, Satish Jarkiholi , territory in-charge Minister said successful Belagavi.

He was responding to a connection by Anna Saheb Jolle, Belagavi DCCB chairman, that giving loans to farmers meant nonaccomplishment for the bank, but it was continuing to springiness loans arsenic per authorities policies.

“I bash not cognize successful what consciousness the president made the statement, but I deliberation it is being wrongly interpreted. Whether the BDCC Bank makes a nett oregon a loss, it indispensable springiness loans to farmers. The DCC banks were built for the intent of giving workplace loans. They person to travel the directions of the Union and State governments and RBI. Surely, Mr. Jolle and different directors recognize this,’’ the Minister told reporters connected Friday.

The BDCC slope is simply a farmers’ slope and it should springiness loans to farmers. But workplace loans, conscionable arsenic different loans, person to beryllium fixed lone arsenic per the directions of RBI and NABARD. It is simply a antithetic substance that the slope has been giving non-agricultural loans to backstage persons and companies, arsenic it has to marque profits to prolong and grow. Of course, it is not successful the hands of the BDCC slope directors to summation the limits of loans fixed to farmers. It is the domain of institutions similar RBI and NABARD, Mr. Jarkiholi said. He said that Chief Minister Siddaramaiah would judge the demands of each legislators who were seeking funds for the improvement of their constituencies. However, we person not asked for peculiar funds for Belagavi district.

We are hopeful of getting each requisite funds, including those for irrigation projects, the Minister said.

Mr. Jarkiholi refused to respond to claims by Channaraj Hattiholi, MLC and Congress person that the clip had travel for Deputy Chief Minister D.K. Shivakumar to go the Chief Minister.