Maharashtra Chief Minister, Mr. Prithviraj Chawan has urged the commercial banks to take over the loan disbursement responsibility of DCCB Banks. The request from the cm is to remove any possible problems that the kharif farmers might face due to delays in credit flow from the bank.
In a meeting with RBI officials and commercial banks, the CM said that the loans provided by the commercial banks to PACs should be categorized as direct finance.At present, these loans are treated as indirect finance.
After the meeting, the CMs office issued a statement saying that the CMs appeal had been taken positively by the banks.
On the problems being faced by the DCCBs, Mr. Chavan said that the restrictions set by RBI on DCCBs in 7 Districts of Maharashtra is generating problems as the DCCBs are not able to achieve their crop lending targets due to these restrictions.