According to the official handout, the Haryana govt has granted permission for the cooperative dept’s plan for renewal of block guarantee for Rs 3,500 crore for the flotation of debentures/loans for a period of 5 years from 2012 to 2017.
The Haryana State Cooperative Agriculture and Rural Development bank is already at work making available long-term credit investment to farmers for the development of farming and similar activities in the state.
The handout points out that the cooperative dept. will have to work out the floatation of debentures / loans through NABARD that gives this facility against the govt guarantee.
It is being accepted on all hands that the State govt is paying extra attention to the development of the cooperative sector in the state. This is what explains the unusual dynamism marking the cooperative institutions in Haryana.
