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Bank Portfolio
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Loan ActivitesThe Bank has provided 75% of the total crop loan issued by all banks together in the district . 80% of the Agricultural loans have been given to small and marginal Farmers including Patta Holders and Bargadars. With the help of District Rural Development Authority and Panchayet functionaries this bank has played an important role in converting about 49,000 acres of land from single crop area to multiple ones by advancing finance for installation of 3239 nos. of Mini Deep Tube wells in this district. Other 1228 nos. of Mini Deep tube wells already sanctioned by the bank are awaiting electrification out of which 410 have been earmarked by the Zilla Parishad and WBSEB for immediate energisation. Uptill now 225 MDTWS have already energized. The Bank has started formation of Self-Help Groups by poor people each having a minimum number of 5 and maximum 20 members. 11751 such groups have been formed till 31.08.2006 of which female group 8612. Total no. of member 88714 of which female members 67674. 4615 groups have linked with credit. The Bank is the 1 st Bank of the Eastern Region of our country in the Cooperative Sector to introduce Kishan Credit Cards to Farmers in June, 1999. Uptil now 138276 Kishan Credit Cards have been issued. Recovery of loan is one aspect of which all the Bankers clamour. In our case this is not at all a problem. The collection of Agricultural loan alone has exceeded 85% during the last ten years. This year Collection percentage is 89.80%. For some long period there had been no election of Board of Directors in the Bank since 1972 because of litigation. The elected Management took over charge on 12 th June, 1985 and since then elections are being held regularly in terms of provisions of Co-operative Act and Rules. At the time of taking over charge the deposit position of the Bank was 30 crores and recovery performance of agricultural loan was only 37%. Now the deposit of the Bank has increased to Rs. 627 crores and recovery performance of Agril. Loan has been raised to the level of 87.1% on an average over the last three years. Financial Position of the BankThe financial position of the Bank is given in the table below which shows spectacular Development after the elected Management has taken over in the year 1985.
* (Rs. In lacs) |
