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BANKING TRADE AND COMMERCE
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ASSISTANCE TO GROW MORE FOOD.
After Independence and the resulting partition of the country into India and
Pakistan, the former had to face the problem of food shortage. An important
policy measure chalked out by the State Government in this respect was to launch
a Grow More Food Campaign throughout the State. Enough financial assistance was
rendered by the State for this purpose and funds were advanced through the
Collector. The Grow More Food campaign thus became an important objective for
which loans under the above-mentioned two Acts were granted. The following table
gives the allotment, disbursement and recovery of these amounts from 1962-63 to 1966-67.
TABLE No. 18
GOVERNMENT FINANCE FOR AGRICULTURE, CHANDRAPUR DISTRICT
Year |
Loans under Land Improvement Loans Act |
Loans under Agriculturists' Loans Act |
(1) |
Allotment
(2) |
Disbursement
(3) |
Recovery
(4) |
Allotment
(5) |
Disbursement
(6) |
Recovery
(7) |
|
|
Rs. |
Rs. |
Rs. |
Rs. |
Rs. |
Rs. |
|
1962-63 |
2,000 |
1,000 |
2,05,587 |
48,300 |
20,763 |
82,502 |
|
1963-64 |
-- |
-- |
1,90,074 |
48,800 |
17,869 |
81,333 |
|
1964-65 |
15,000 |
-- |
1,34,959 |
63,800 |
42,781 |
47,492 |
|
1965-66 |
-- |
-- |
1,04,638 |
1,22,500 |
60,757 |
31,612 |
|
1966-67 |
-- |
-- |
67,707 |
5,67,000 |
1,94,958 |
14,861 |
Upon the commencement of the planning period, development of agriculture was accorded top priority and every effort was made to boost production. In addition to the assistance rendered through the Collector and the Block Development Officer, tagai loans were increasingly distributed to the agriculturists through the important agency of Land Mortgage Banks for improvement of land especially of a long-term nature.
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