Thursday, February 20, 2014

Move to merge HSCARDB with HARCO Bank

by Haryananewswire
CHANDIGARH, FEB 20
Haryana Chief Minister Mr. Bhupinder Singh Hooda today directed to constitute a committee under the Chairmanship of Additional Chief Secretary Finance Mr. Rajan Gupta to chalk out the modalities of merger of Haryana State Cooperative and Agriculture Rural Development Bank (HSCARDB) with HARCO Bank.
          Mr. Hooda was presiding over a meeting with Chairman, NABARD Dr. H.K. Bhanwala here today.
          The other members of the committee would include Secretary, Cooperation, Registrar, Cooperative Societies, Managing Directors of Haryana State Cooperative and Agriculture Rural Development Bank and HARCO Bank and a representative of NABARD. Mr. Hooda directed MD, HSCARDB to increase the loan recovery of the Bank.
          Mr. Hooda directed the concerned departments for full utilization of the Fund released by NABARD so that the various ongoing development projects complete in a time bound manner.  He also directed the officers that Funds ofNABARD which is pending with the departments should be utilized by the end of this financial year.
 Mr. Hooda also asked Chairman, NABARD Dr. H.K. Bhanwala to timely sanction the projects of the State Government so that the funds released by them should be fully utilized. Mr. Hooda directed the concerned officers to prepare  projects regarding the development of water bodies in rural areas of the State.
          On the demand of increase in quantum of refinance from 50 per cent to 70 per cent to made substantial increase in the advances to farmers, Dr.  Bhanwala said NABARD is in the process of increasing the quantum of refinance and initially it might be increased 60 per cent. He also informed that NABARD has also recommended the project costing Rs. 77.35 crore of Public Health Engineering Department for augmentation of drinking water supply scheme for 41 villages in Loharu Constituency of district Bhiwani .
          A total of 3482 schemes including 1880 ongoing and 1602 completed pertaining to irrigation, roads and bridges, water supply, up-gradation or veterinary institutions, construction of anganwadi centres, construction of separate girls toilets in secondary schools and construction of godowns have been completed under various stages of implementation in the State under Rural Infrastructure Development Fund (RIDF). At present, there are total 1880 ongoing projects and schemes of various departments with approved outlay of Rs. 3387.84 crore of which RIDF loan is Rs. 2793.61 crore and State share is Rs. 594.23 crore.
          Principal Secretaries to Chief Minister Mr. S.S Dhillon and Dr. K.K Khandelwal, Deputy Principal Secretary Mr. R.S Doon, Principal Secretary Agriculture Mr. Roshan Lal, Principal Secretary PWD (B&R) Mr. Sanjeev Kaushal, Additional Chief Secretary Public Health Engineering Mr. Sarban Singh and other senior officers were also present in the meeting.

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