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Home Co-op News Snippets

PACS should disburse loan or pack up: Official

Parasnath by Parasnath
October 20, 2016
in Co-op News Snippets
0
Co-ops botch up DBT in Odisha
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A cooperative official in AP is quoted as saying those PACS that were not disbursing crop loans to tenant farmers without documents, securities and reference should be shut down.

The Cooperative sector is meant to help those, who are really cultivating lands, he said, reports Hans India.

Meanwhile top cooperative officials are visiting PACS and reviewing loans being disbursed by them across the state.Ever since it has come to light that those without land documents are denied loans, officials have begun pressuring PACS to give loans to the actual tillers of land.

Sources say it is those who own land rather than those who actually till the land are being favored with crop loans.

Tags: APcooperativeCrop Loansfarmerspacs
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