Agri News: Maharashtra government to pursue RBI permission on loans to farmersHome

The Maharashtra government is going to take RBI's permission to allow the financially-strong district central cooperative banks (DCCs) to distribute loans to their neighbouring districts with weaker counterparts.

Marathwada, a region reeling under severe drought, is the top priority of the state government. Thestate machinery has focused on the region by implementing various schemes, including Jal Yukta Shivar, to supply water by railway and distribution of food and fodder.

Principal Secretary, Cooperative Department, Shailesh Kumar Sharma, said that they are planning that they could either provide loans to other DCC banks or directly to farmers from other districts.

"But, it will need permission from the RBI. Once it is granted, farmers, especially from the drought- hit Marathwada, will be benefited," Sharma said.

Source: http://www.dnaindia.com/