ED Bank sanctions Rs 87 lacs to farmers

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Srinagar, Sept 17: Ellaquai Dehati Bank organized credit cum awareness camp about Kissan Credit Card at Pushkreri in Anantnag district to give a boost to agriculture and horticulture sector and to reach out to the people living in far flung areas.

Chairman of the Bank A K Razdan inaugurated the camp and a large number of farmers attended the camp.

Speaking at the camp Razdan said that the people of the area should take full advantage of various schemes of the Bank.

He said that the Bank is offering agriculture production credit at 7 % rate of interest only and so far has disbursed about Rs.18 crore to the farmers in Region II comprising of Anantnag Shopian and Kulgam districts.

He said that all the business units of the Bank are working on CBS platform and the Bank is providing remittance facilities to its customers through NEFT and urged the people to take full advantage of these facilities.

Chairman counseled the youth present in the camp to take benefit of the schemes of the Bank especially designed for the unemployed. Chairman said that the CD Ratio of the Bank in Anantnag is 86% which is mainly due to the agriculture credit.

Earlier welcoming the farmers to the camp Manzoor Ahmad Baht, Regional Manager Region II explained various schemes of the Bank and stressed upon them to come forward and avail benefits of the Bank’s tailor made schemes for their overall economic development.

S A Qureshi General Manager apprised the farmers about implementation and benefits of Kissan Credit Card. He said that there is a vast scope for agriculture related activities and people should diversify for better returns.

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