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Agri Deptt, NABARD organise awareness prog for bankers, other stakeholders

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Atal Dulloo for removing bottlenecks in financing, Bank Credit to FPOs

JAMMU: The Department of Agriculture, Jammu, in collaboration with NABARD today organized a one-day awareness programme for bankers and other stakeholders on financing/bank credit to Farmer Producer Organizations at Kisan Ghar Talab Tillo, Jammu.

Additional Chief Secretary (ACS), Agriculture Production Department, Atal Dulloo, was the chief guest on the occasion.

DGM NABARD, Anamika, gave a detailed presentation about FPO and its status in Jammu and Kashmir besides other relevant issues and challenges.

While taking details regarding the awareness program for sensitization of Banks with regard to financing Farmer’s Producer Organizations (FPOs), the ACS said that a uniform policy to be framed up approved by JKUT and be adopted by all banks comprising the process of opening of the account, compliance of FPOs, documentations, credit guarantee process, the scale of finance, etc as per guidelines of NABARD, GoI.

The ACS also asked the concerned authorities and stakeholders that credit should be enhanced and extended to every FPO in a hassle-free manner. He also asked them to expedite the documentation process besides related issues as per guidelines.

He asked the local banks to scale up their efforts for understanding of FPOs guidelines and their implementation so the majority of FPOs can approach local banks for availing finance and benefit from various components of CSS for FPOs.

Senior Assistant Vice President NABKISAN, Mahmood Hussain, briefed about their activities on FPO financing and procedure availing Credit Guarantee from NABSANRAKSHAN.

Representatives of different banks and other stakeholders were also briefed about prerequisites for FPO account opening and FPO financing besides issues being faced by banks in financing FPOs.

The Director of Agriculture briefed and highlighted the activities of the department in respect of FPOs.

The members of FPOs also raised issues being faced by them during the financing of FPO.

Among others, the Director of APD Jammu, K K Sharma; Director of Horticulture Jammu, Ram Sevak; Director of CAD Jammu, R S Tara; Director of Agro, Dr Arun Manhas; representatives of Banks, stakeholders, and members of FPOs were also present during the program.

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