Union Home and Cooperation Minister Amit Shah said that agricultural modernization is very important to make farming profitable. Farmers will need capital for this modernization. In such a situation, only cooperative banks can give loans to farmers as per their needs. The Cooperation Ministry is working in this direction.
Launching the plan for computerization of state registrar offices and agriculture and rural development banks in New Delhi on Tuesday, Shah said that it is the work of agriculture and rural development banks (ARDBs) to provide loans to farmers as per their needs. However, these banks became weak with time. Now the work of modernizing these banks has been started.
Shah said that we want ARDB to again be able to give medium term loans and long term loans to farmers. The government is working towards linking ARDBs with Primary Agricultural Credit Societies (PACS) in the coming days. With this, farmers will be able to easily get medium term loans and long term loans through PACS. When long term loans start being given to PACs, our PACs along with the farmers will also become stronger.
Shah said that when ARDBs will be completely computerized, its system will be simpler and will be able to work better for the farmers. Work is being done in this direction. This will create a transparent environment, accountability can be easily fixed and a strong relationship will be formed between the farmer and the bank.
It is noteworthy that Home Minister Shah today launched the computerization project of registrar offices of agricultural and rural development banks and cooperative societies of all states and union territories. The program was organized by the Ministry of Cooperation in collaboration with National Cooperative Development Corporation (NCDC).