Farm credit prop for banks
COMMENT/ P S Shenoy, Chairman & MD, Bank of Baroda
| It is an attempt to maintain the overall pace of the economic activity through higher public investment in infrastructure, agriculture and social sectors with a special focus on primary education and employment generation. |
| For the banking sector, the special emphasis on agricultural credit and micro finance, irrigation programmes, revamping of co-operative banks and RRBs are particularly significant. |
| A thrust on improving supportive agricultural infrastructure like irrigation will go a long way in assuring decent recovery of agricultural loans. |
| The plan to amend Securitisation and DRT Acts to safeguard the creditors' right needs to be implemented speedily as it would give a significant impetus to banks to ensure sustained recovery of their bad loans. |