Punjab

Punjab Cooperation Minister directs district managers to go after big time defaulters full throttle

May 17, 2018 12:12 PM

Punjab News Express/Jagmohan Singh
AMRITSAR: The Co-operation Minister, Punjab, Sukhjinder Singh Randhawa here today in a review meeting of the department directed the officers of Punjab State Co-operative Agricultural Development Bank to go after the influential big time defaulters of the bank full throttle and initiate appropriate legal action without caring for the political pressure.

The Co-operation Minister, in the presence of the Punjab State Co-operative Agricultural Development Bank MD Harinder Singh Sidhu carried out the district level review of the big time defaulters of the bank across the state. The minister said that he fully understands the plight of farmers as he himself hails from farming background. He further said that the bank also caters to the interests of farming community at village level. He instructed the officers to adopt professional approach towards banking sector and pay specialized attention towards the recovery aspect so as to improve the financial condition of the Punjab State Co-operative Agricultural Development bank.

Randhawa also exhorted the farmers to ensure depositing their installments in time in order to enable the bank to extend loans to them again on cheaper interest rates. The minister further elaborated that the officers performing their duties well would be awarded the commendation certificates.

 

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