Biju Krushak Janata Dal alleges nationalised banks for not giving adequate loan to farmers

BHUBANESWAR: The Biju Krushak Janata Dal State president Golak Bihari Nayak on Tuesday expressed his displeasure on the functioning of the bank in the State and alleged that the nationalised and private banks are not giving adequate loan to the State’s agriculture sector. He urged upon them to provide more loan assistance to farmers of the State as they form the backbone of the State’s economy.

The State Co-operative bank and its branches are giving good finances to agriculture sector in Odisha. On the other hand, private and nationalised bank are not giving loan adequately to the farmers according to the guidelines of NABARD as 80 per cent of the State’s population thrives on agriculture, he alleged.

Nayak said the banks should give importance in giving Kharif and Rabi loan to the farmers of the State. Except State Bank of India and few other banks most of the banks’ performances in giving loan in the Kharif is not at all satisfactory. The bank should be positive while financing to the farmers particularly small and medium farmers, he rued.