In flood-affected Maharashtra districts, soft loans to help businesses

Govt calls for transparency in food distribution through technology

geetanjali

Geetanjali Minhas | August 19, 2021 | Mumbai


#Ajit Pawar   #banking   #disaster   #floods   #Maharashtra   #PDS   #technology  
Deputy CM Ajit Pawar chairing the meeting in Mumbai on Wednesday
Deputy CM Ajit Pawar chairing the meeting in Mumbai on Wednesday

Shopkeepers, businessmen and traders in Pune, Satara, Kolhapur,Raigad, Ratnagiri and Sindhudurg district that were affected by devastating floods can look forward to some financial help from district cooperative banks that will provide low-interest loans to them.
 
This was decided at a meeting on central co-operative banks of Satara, Sangli, Kolhapur, Raigad, Ratnagiri and Sindhudurg districts, held under the chairmanship of deputy chief minister Ajit Pawar on Wednesday. Rural Development Minister Hasan Mushrif, co-operative minister, Balasaheb Patil, minister of state for co-operation, Vishwajeet Kadam, bureaucrats and officials were present at the meeting.   

With social commitment to help traders, shopkeepers and businessmen affected by floods, district cooperative banks will provide loans at low interest rates of 5%-6%. This rate of interest is only slightly higher than the cost of raising capital on a non-profit basis.
 
The state had earlier also announced financial relief of Rs 50,000 each to such eligible beneficiaries affected by floods.    
 
In another meeting held on Wednesday, minister of state for food and civil supplies Vishwajeet Kadam called for transparency in food distribution system through modern technology.
 
Taking serious note of reports of black marketing of grain cereals by transport contractors in Jalgaon and Nanded districts in 2018, Kadam has asked local officials to check if complete distribution of food grains in Jalgaon district has been done through POS machines and directed them to submit a report in three months.

He has asked them to look into the following aspects: * Are the transporters in Jalgaon district using the records in the E-1 register of goods reaching the warehouses? * If entries of these records at various toll plazas using the GPS system are as per the transporter rules? * Report of the concerned transport officer on whether the vehicles of the contractor are meeting the norms of the government and whether the vehicles for distribution of food grains have been affixed with green colour, PDS boards as per the rules?
 
Kadam said that GPS will be installed on food transport vehicles in the district as per the instructions of the government. He instructed strict action for non-installation of the system as well as cases of misappropriation of goods.
 
Over the next three months, GPS will be installed on all relevant transport systems. The minister directed to submit a report to the government after investigating malpractices and as well as the irregularities.

 

Comments

 

Other News

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter