State Level Technical Group held a review meeting to re-fix scale of finance for seasonal agricultural crops grown in Nagaland on May 7 at Nagaland State Co-operative Bank (NSCB) head office.
NSCB managing director, B.K. Thadani delivered the keynote address and welcomed the concept of so-ordination between banks and department of agriculture.
He said more stress was needed to given on actual land holdings of each cultivator in order to avoid “dubious” sanctions of loans and further called upon the department to assist banks in agricultural loan recovery such that revolving loanable fund for agriculture would not be “jammed” by few individuals at the cost of farmers.
Meanwhile, NABARD RO Dimapur general manager, K.C. Panda emphasized on promotion of more farmers’ clubs in the state as such clubs served as platform for better coordination between farmers and government machineries, which, he said could boost agriculture production in the state.
The technical group deliberated on the scale of finance fixed earlier and revised it according to the escalation in the cost of labour and material inputs like high yielding variety of seeds, bio fertilizers, pesticides etc.
Technical group chairman, A.Y. Ovung expressed dissatisfaction over no participation of member banks operating in the state and stressed on the need for close coordination between department of agriculture and banks at every level.
Others who participated at the day long review meeting included Nagaland Rural Bank chairman, I. Sashi Pongener, Nagaland State Co-operative Bank (NSCB) general manager, Lalam Doungel, Bank of Baroda representative, joint director, deputy director and district agriculture officers (DAO) of all districts among others.