Latest news with #NashikDistrictCentralCooperativeBank
Time of India
03-05-2025
- Business
- Time of India
Bhujbal defends Mahayuti on funds transfer for Ladki Bahin
Nashik: Former deputy CM and NCP politician Chhagan Bhujbal on Saturday defended state govt's decision on fund allocation, saying funds from the tribal development department were temporarily utilised for the Mukhya Mantri Mazhi Ladki Bahin Yojana but were later reinstated, ensuring no issues for anyone. "I have read in newspapers that funds were transferred for the Ladki Bahin scheme. What usually happens is that govt draws money from various departments to manage priorities, and as the income grows, the funds are reinstated to those departments or schemes concerned," Bhujbal said while speaking to mediapersons in Nashik. "It is easy for us to criticise, but management is a skill. Secretaries of the various departments jointly decide and manage the movement of funds, ensuring everybody gets what they want," the NCP leader said. In response to a question, Bhujbal expressed surprise over Nashik District Central Cooperative Bank administrator Pratapsinh Chavan offering to resign when the bank was in deep trouble. "There are media reports about some minister announcing a stay on recovery from defaulters. In Mumbai, there was a meeting, in which more concessions were discussed for the defaulters. The administrator, I think, was of the view that this would affect the recovery process and the very existence of the bank facing strict action from RBI. Govt should have let him function as per the norms," Bhujbal said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Own A Barrel of Whisky With Average Annual Returns of 10.15%* Whisky Investors Download Undo State agriculture minister Manikrao Kokate directed a stay on actions against defaulting farmers at a meeting in the district collectorate. Deputy CM Ajit Pawar chaired a meeting in Mumbai to discuss potential additional concessions for farmers. Bhujbal, who was also guardian minister during the preparation for the Simhastha Kumbh Mela held in 2015, said there was hardly any time left for the Simhastha Kumbh Mela. He expected that govt would only stress on the maintenance and upgrade the infrastructure as a part of the preparation for the Kumbh Mela to be held in 2026-28. "Large infrastructure, including roads and ghats, was created last time. Its upgrade and maintenance is required now. The administration and govt should move fast to create the system to handle the crowd," Bhujbal added.
Time of India
27-04-2025
- Business
- Time of India
Farmers oppose Ajit Pawar's loan recovery proposal for Nashik district cooperative bank
Nashik: Farmers in Nashik, who are defaulters of the Nashik District Central Cooperative Bank, rejected the loan recovery proposal made by state finance minister Ajit Pawar. Instead, they demanded a complete loan waiver for marginal farmers and a complete interest waiver for others. Arjun Borade, the district unit chief of the Shetkari Sanghatna, said the proposal made by Ajit Pawar, who is also the deputy chief minister, did not align with the farmers' demands. The farmers have formulated their proposal, which will be presented to govt. "We are keeping it very simple. Our demand is a complete loan waiver for marginal farmers and a complete interest waiver for all others who will settle their accounts," said Borade. A meeting of the farmers was recently held, and it was attended by Kailas Borse, the state president of 938 Tribal Cooperative Societies, and others. "Marginal farmers should be given complete relief from loan and interest, while other farmers should be given the opportunity to clear their principal in 10 equal monthly instalments," said Borade. Borade added the representatives were unanimous in their decision on dealing with govt against the backdrop of farmers being hit repeatedly by nature's vagaries and intervention by govt for its political advantage that deprived farmers of good market prices for the produce at opportune times. Deputy chief minister Ajit Pawar, in a recent meeting with farmers' representatives and agriculture minister Manikrao Kokate in Mumbai, proposed that loans up to Rs 1 lakh would incur 2% interest, and up to Rs 5 lakh would have 3% interest. Loans up to Rs 10 lakh would be charged 4% interest, and loans beyond Rs 10 lakh would be charged 5% interest. "The proposal by the deputy CM is not in line with the assurances of interest and loan waivers that were promised to the farmers before the election and at several meetings held with the farmers. Therefore, farmers will stand by their demand," said Borade.
