Please
refer to our circular No. ACD.01/2002 dated the 16th
January, 2002 regarding disbursement of Agricultural Loans
by the banks to the farmers / flour mills for construction
of wheat godowns / silos in the country.
It
has been reported by the various quarters i.e. Farmers’
Association, Chambers of Agriculture, Associations of Flour
Mills that the banks are not found serious in the disbursement
of Agricultural loans for construction of wheat godowns
/ silos as yet. Such
attitude on the part of banks has been viewed as a great
concern by the State Bank due to national cause and the
same is not reflecting healthy symptom for marketing / procurement
of wheat crop rendering financial loss to the growers /
flour mills in the form of receipt of lower prices of their
agricultural produce to sell immediately for want of storage
facilities.
You
are, therefore, requested to please look into the matter
personally and take necessary measures to ensure disbursement
of agricultural loans by your banks to needy farmers / flour
mills for construction of wheat godowns / silos subject
to completion of required formalities.
Please acknowledge receipt.
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