The Hindu : New Delhi News : State Bank of Patiala woos farmers

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Monday, Jan 21, 2008
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State Bank of Patiala woos farmers

Special Correspondent

Launches aggressive campaign to finance agricultural sector

CHANDIGARH: After the successful launch of an “SME Bonanza Campaign” for sanction of fresh loans to the small and medium entrepreneurs, the State Bank of Patiala (SBoP) has begun a follow up by organising “SME Customer meets” at various intensive centres throughout the country.

According to an official release from the SBoP headquarters in Patiala on Saturday, as part of the campaign, the Bank organised a customer meet at Chandigarh to identify prospective customers.

The interaction was well attended by industrialists from the Industrial estate of Mohali. The Bank has targeted fresh SME business of Rs.700 crore during the campaign, which has already sourced applications aggregating Rs.450 crore since January 1, this year.

The meet was addressed by the SBoP General Manager (Planning and Development), Sebastian Chacko, Deputy General Manager (Development Banking) from the bank’s Head Office, Ranjit Datta and Deputy General Manager (Chandigarh Zone), C.S. Kang.

Simultaneously the Bank launched an aggressive campaign for financing the agriculture sector in Punjab. On Saturday, it organised a farmers’ meet at Sudhar village in Ludhiana district.

The meet was attended by about 600 farmers, where the SBoP officials made a presentation on the bouquet of products developed exclusively to meet the needs of the Punjab farmers.

These included finance proposals related new ventures like commercial dairy, horticulture and net house farming.

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