Bhubaneswar:29/5/18;Odisha Chief Minister Naveen Patnaik launched a campaign ‘Cooperative at your doorstep’ at the State Secretariat through video conferencing here today.
As per the campaign, various initiatives have been launched by the Cooperation Department to facilitate farming in the State. Crop loans up to Rs 50,000 are given at 1 pc interest rate and the condition of agriculture term loans have been relaxed towards share linkage groups. To strengthen the activities, computerization will be completed this year and all PACS will be installed with Micro ATMs.
A credit plan has been prepared to the tune of Rs 12, 700 crore out of which Rs 1,000 crore will be targeted towards term loans and Rs 200 crore towards credit linkage of JLGs. A MoU was signed between OSCB and NABARD for the formation and credit linkage of joint liability group in the State.
The chief minister also released the vision document for strengthening the short term cooperative credit structure. The best three performing PACS were awarded Rs one lakh each. The prizes were given to Purusottampur SCS of Balasore District, Kalamuchhuin SCS of Dhenkanal, Harichandanpur lamps of Keonjhar.
