Articles in Agriculture

Nabard has stepped in, in a big way to promote development in Chhattisgarh.  Nabard has decided to spend thousands of crore on various sectors of the economy in the state. Nabard is also paying special attention to the cooperative sector providing it necessary technological help. The cooperative banks ‘for example’ are being put on core banking system. According to Nabard, most of the money earmarked for Chhattisgarh would be spent on agricultural development as 80 percent people ...

In a circular issued recently the RBI wants all cooperative and regional rural banks to locate customers with unclaimed or inoperative accounts. The apex bank has issued clear cut instructions calling upon the banks to formulate a broad policy framework to solve this longstanding problem. The banks should do a periodic checking of the unclaimed deposits and track the concerned customers and their legal heirs down. They should also put in place a mechanism that could settle the problems and ...

Sudha is a household name in Bihar. It conjures up images of milk and milk products in plenty. Cooperative Milk Producers Federation of Bihar (comfed) that owns it and sells its products under the brand Sudha is set to expand and popularize its business. The company is reported to have hired the services of several advertising agencies to launch a promotional blitz to promote its brand beyond Bihar. Comfed markets a range of milk products under the brand Sudha. The most popular products ...

UP Cooperative Minister Shivpal Yadav recently lamented the decline of honesty and sincerity in the cooperative sector in the State. He told Vidhan Sabha that the cooperative sector was completely overcome with corruption and nepotism and things have come to a pretty pass. According to the Minister, 25 district cooperative banks are already tottering on the brink of collapse. He promised the new govt. would do all in its power to repair the situation. It bears repetition that the RBI has ...