STATE TIMES NEWS
BISHNAH: In its drive to expand agriculture credit portfolio in the State and reach out to the farmers of the State, Punjab National Bank on Saturday organised Kissan Credit Card disbursement function at Arnia. The function was inaugurated Deputy General Manager, Circle Head J&K Operations Ashok Gupta who was accompanied by Dr. Rakesh Khajuria, Agriculture Extension Officer, Bishnah.
Over 120 KCC were distributed to the farmers in the function which was organised in coordination with Agriculture Department. Ashok Gupta gave broader outline of Kisan Credit Card Scheme (KCC) aiming at providing adequate and timely support from the banking system to the farmers.
He added that the scheme will be beneficial to the farmers for boosting their agriculture activities and help them in meeting timely short term credit requirements for cultivation of crops, post harvest expenses and profitable marketing of their produce.
He informed that Kissan Credit Card has proved to be an ideal tool for expansion of Agricultural Credit especially Crop Loans in the length and breadth of the State. This in turn has helped farmers to buy quality seeds, enhance land use and increase agricultural production, he added.
He further said that KCC happens to be cheapest and affordable as the effective interest rate for a regular repaying borrower comes down to as low as 4 per cent per annum.
Encouraging the farmers to diversify into other allied agro based activities like horticulture and floriculture, he assured them all possible financial support. Dr. Rakesh Khajuria appreciated the role of PNB in reaching out to the people and farmer community in particular in rural and far flung areas.
He urged the farmers to avail the maximum benefits of the KCC scheme so that their economic conditions can improve. District Coordinator PNB S.S Chib, Sr. Manager Arnia branch J.S Saini, Manager Agriculture of the Bank Rakesh Kumar, large number of beneficiaries and staff members of the bank were present at the function.