Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | ‘RuPay’ card to benefit farming community

‘RuPay’ card to benefit farming community

Share this article Share this article
published Published on Feb 13, 2014   modified Modified on Feb 13, 2014
-The Hindu


Ryots can use it at all bank ATMs to withdraw cash to buy fertilizer or seed

TIRUPATI (Andhra Pradesh): ‘RuPay', the multipurpose smart card envisaged to enable payments from various financial institutions to beneficiaries through an impressive network of ATMs, is all set to benefit the farming community more than ever before, said National Bank for Agriculture and Rural Development (NABARD) Chairman Harsh Kumar Bhanwala.

Speaking after releasing and distributing the cards to Kisan Credit Card (KCC) account holders at a function organised by Saptagiri Grameena Bank here on Tuesday, Dr. Bhanwala said farmers can use the card at the ATM of any bank across the country to withdraw cash to buy fertilizer or seed. Under the financial inclusion scheme, 50,000 cards had been distributed by appointing 328 business correspondents, through which 40,000 transactions were done to the tune of Rs.2 crore so far.

Business turnover

Saptagiri Grameena Bank chairman Sudhakar Rao said the bank's 160 branches spread across Chittoor and Krishna districts mobilised deposits worth Rs.2,496.43 crore and lent Rs.3,086.45 crore as on 31.01.2014 for the current financial year, thus making a business turnover of Rs.5582.88 crore.

"This includes Rs.2766.99 crore to the priority sector and Rs.2211.66 crore to the farming sector," he noted.

Crop loan target

Similarly, of the crop loan target of Rs.934 crore, the bank had already achieved Rs.875 crore by January-end, while the agricultural term loans of Rs.241 crore well exceeded the target of Rs.189 crore.

The bank had lent Rs.312.51 crore to 26,493 groups under the Self-Help Group linkage programme.

NABARD Executive Directors A. Ramakrishna Rao, Chief General Manager G.G. Memen, General Manager K. Balasubramanyam were also present on the occasion.


The Hindu, 12 February, 2014, http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/rupay-card-to-benefit-farming-community/article5679693.ece


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close