The Maharashtra government has decided to form a task force with the help of National Bank for Agriculture and Rural Development (NABARD) to strengthen district cooperative banks across the state, says Indian Express.
This is being done to tackle the problems plaguing the district cooperative over the last several years.
Maharashtra Chief Minister Devendra Fadnavis had a meeting with NABARD chairman Harsh Kumar Bhanwada to discuss the role of a nodal bank to strengthen the cooperative banks.
Sources say district cooperative banks are not willing to give loans to farmers as they find it difficult to recover the funds from them. The state government insists on banks giving loans to eligible farmers.
The Maharashtra govt has sought Rs 500 crore from NABARD to tackle the agrarian crisis in the state.