Collector calls for increased deposits to strengthen cooperative banks
District Collector Sumit Kumar has urged cooperative banks to increase deposits to reduce reliance on external funding and improve credit delivery to farmers. He emphasized the need for financial discipline and transparency to support rural livelihoods.
Why it matters
Strengthening local cooperative banking is vital for rural financial autonomy and the economic stability of agricultural communities.
District Collector Sumit Kumar on Monday called for a sustained drive to increase deposits in cooperative banks, saying stronger internal resources would reduce dependence on external funding agencies and enable timely credit support to farmers.
The article provides a factual account of a local government official's policy initiative and public address.
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