Farmers can now draw loan amount from ATMs

Chief Minister launches RuPay Kisan Card and computerisation of PACS

Published: 02nd July 2017 02:20 AM  |   Last Updated: 23rd July 2017 11:08 AM   |  A+A-

Chief Minister Naveen Patnaik distributing Kisan card to a farmer at a function in Bhubaneswar on Saturday | Express

By Express News Service

BHUBANESWAR: Farmers will now be able to draw sanctioned loans from ATMs with Chief Minister Naveen Patnaik on Saturday launching the RuPay Kisan Card and computerisation of Primary Agriculture Cooperative Socities (PACS).

“Farmers can now easily draw money sanctioned as loans by using the RuPay Kisan Card from ATMs and micro ATMs,” the Chief Minister said at a function to mark the occasion.
He said Odisha is the first State to implement an integrated Core Banking Solution Project covering all the three tiers of the Short Term Cooperative Credit Structure i.e. State Cooperative Bank, District Central Cooperative Banks (CCBs) and 2708 PACS.

With the computerisation of the PACS, the farmers are now able to draw their sanctioned loans from the ATM network of National Payments Corporation of India (NPCI) having 2.14 lakh ATMs of all banks across the country.
He also distributed Micro ATM for dispensation of loans at the doorsteps of the farmers. He said the State Government is keen to address all the requirements of the farmers by converting the PACS as One Stop Shops.

The Chief Minister distributed RuPay Kisan cards to the farmer members of PACS of Banki, Khurda and Balangir CCBs. He also felicitated the president and secretary of Banki CCB for successful piloting of the PACS Computerisation Project and System Analyst of Odisha State Cooperative Bank Saktidutta Mishra for his outstanding contribution for successful grounding of the project.
Minister for Cooperation Surya Narayan Patro said because of computerised banking system in cooperative banks and PACS, the proceeds of the paddy procurement operations of around `8000 crore credited directly to the farmers’ account.

A Bank on Wheels was flagged off by the Chief Minister in September, 2015 to dispense cash to the farmers.
Principal Secretary in the Cooperation Department Manoj Ahuja and Registrar of Cooperative Societies Sashi Bhusan Padhi were present.

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