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Banks should target agriculture, tourism: Himachal CM

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Shimla, Oct 9 (IANS) Banks should target agriculture, tourism, horticulture and services sector for increasing the credit-deposit ratio and ensuring all-round development, Himachal Pradesh Chief Minister Jai Ram Thakur said on Tuesday.

Presiding over the state-level bankers’ conference here, he said the credit-deposit ratio in Himachal was 35.47 per cent, which was quite low than the national average of 75.64 per cent.

He said the banking sector should create conducive atmosphere for people to go for institutional loans.

The efforts would be made to bring cooperative banks in the state under the preview of the Credit Guarantee Fund Trust for Micro and Small Entrepreneurs for availing credit guarantee coverage for collateral free loans.

The Chief Minister said the banks should also simplify cumbersome documentation and procedure requirements for availing bank loan.

Citing a survey, he said it has found that a large proportion of households accessed non-institutional sources for loans.

He said only about 46.51 per cent of households opted for institutional loans. Thus the bankers should come up with easy and simple procedures for financing.

The Chief Minister said efforts should be made to encourage and credit link the farmers’ cooperatives like self-help groups and farmers producer organisations.

He said banks should come help promote small and micro industrial units by providing them need based loans and other logistic support.

Thakur said that there was immense potential in sectors like health care, skill development and human resource development for expanding banking activities.

Additional Chief Secretary Anil Kumar Khachi said the state had over Rs 1.05 lakh crore deposits in bank whereas it has only Rs 37,400 crore loans. He said the bankers should focus on housing sector for increasing credit-deposit ratio.

Himachal Pradesh’s economy is highly dependent on hydroelectricity, horticulture and tourism.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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