Minister for Co-operatives Ok.R. Periyakaruppan on Tuesday mentioned co-operative banks would contemplate the request for extending schooling loans to college students.
“It is a fair demand. We will discuss it with the Chief Minister and take a decision,” he advised reporters after a assessment assembly. The Minister mentioned the target of the co-operative banks was to increase monetary help to farmers, who in any other case would depend upon mortgage sharks and usury. “In 2001, there were suicides after crop failures and drought. Farmers are our priority. Co-operative banks are adapting themselves in tune with changing times and we will consider the request for education loans,” he mentioned.
Mr. Periyakaruppan mentioned co-operative banks, regardless of stiff competitors from nationalised banks, personal, and overseas banks, had completed nicely and obtained appreciation from clients. “We have fixed a target to achieve a growth of ₹1,40,000 crore which is ₹30,000 crore more than the last year,” he mentioned.
He mentioned the Division was performing nicely and elevated crop loans because the DMK had come to energy in 2021.
“The AIADMK, over 10 years, extended ₹60,000 crore as crop loan. But the DMK government hadcrossed ₹10,000 crore in 2021-22. The target for last year was ₹12,000 crore, but we surpassed it by releasing ₹13,400 crore. This year we have fixed a target of ₹16,500 crore,” he mentioned.
Mr. Periyakaruppan mentioned the Co-operative Division had received the prize from the Union Authorities for sustaining probably the most godowns within the nation.