Nabard chairman Harsh Kumar Bhanwala has called upon the Jammu and Kasmir govt and banks to work for the revival of cooperative banks in the state, reports Business Standard.
Among other things, Bhanwala mentioned issues such as capital formation in agriculture and ground level credit (GLC) flow by banks as also the banking scenario and areas where synergy could be developed with the banks by the state government.
Bhanwala also underlined the necessity of waiving the stamp duty on financing of Self Help Groups (SHGs) and Joint Liability Groups (JLGs) formed under all types of programmes.
The Nabard chairman had a separate meeting with Cooperative Bankers and discussed issues relating to the viability of the Cooperative Banks.