The Haryana State Cooperative Bank has raised the Credit Limit for rural artisans, shopkeepers and other members of Primary Agricultural Credit Societies from Rs 25,000 to Rs 35,000 in a bid to cover a much bigger a population than it has been able to cover so far.
Even after paying off the losses totaling 17.94 crore, it has collected profits of Rs.501 crore in 2010-11. And the loan recovery has slightly improved as is evident from the figure of Rs 99.94 in 2011 as against Rs 99.93 in 2009-10.
Financial Commissioner and Principal Secretary, Cooperation Department Krishna Mohan, has said that the Central Cooperative Banks in Haryana are doing a good job in that they have managed to distribute loans totalling Rs 3,509.38 crore to the farmers in 2011.
A government handout giving facts and figures on various activities in the cooperative sector in the state has been made available to the press.
