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India has 49.4 crore acres of agriculture land, highest after the US. If the entire farm land is irrigated, India can feed the whole world, he added. Addressing a national conference, Shah said, ”If we look back and see the last 90 years journey of long-term financing through cooperatives and how it has percolated down, if you see the data, it has not grown.” He noted that there are many hurdles in long-term financing and time has come to overcome them with a cooperative spirit. He also said cooperative banks should not function as banks alone, but focus on other cooperative activities like setting up of agri infrastructure such as irrigation.
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Shah asks cooperative banks to focus on extending more long-term financing to agri sector
12:55 PM Jul 16, 2022 | PTI |
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