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Cooperative bank to prioritize lending to agriculture, directs CM
07-05-2025
|YUGMARG NEWSPAPER
To bring major reforms in the functioning of Cooperative Banks, Chief Minister Bhagwant Singh Mann today ordered to expedite the process of recovery from defaulter account holders of these banks so that there is no hindrance in lending to agriculture and allied activities.
During a meeting held today at the official residence of the Chief Minister here, while reviewing the progress of the functioning of Cooperative Banks, the Chief Minister said that defaulters are the biggest obstacle in the development of banks because the money stuck with them hampers financial assistance to other needy people. The Chief Minister said that small and medium farmers always return loans to banks on a priority basis, but it is unfortunate that large farmers are defaulters of cooperative banks. He also said that the government employees who have taken loans from Cooperative Banks t
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