Hooda expresses concern over slow loan recovery by banks

Chandigarh, June 16 (UNI) Haryana Chief Minister Bhupinder Singh Hooda today expressed concern over the slow pace of recovery of cooperative loans and appealed to the loanees of the cooperative banks to repay the money in time.

The Chief Minister, who reviewed the progress of recovery of cooperative loans in a meeting with the concerned officers said that the government has taken a number of steps to help the farmers in getting cheaper and easy loan from the cooperative banks.

Pointing out that cooperative banks borrow funds from NABARD and other sources, he noted that unless the loanees do not pay back in time, there will be no recycling of funds and these banks would not be in a position to meet the credit requirements of the farmers.

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