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Chapter 5
Role of Central Bank of India
in the Development of Ahmednagar District
5.1 Introduction
5.2 Agricultural Sector
5.2.1. Central Bank of India And Agriculture Sector
5.2.2. Central Bank of India's Scheme for Agriculture
5.2.3. Govt. Sponsored Programs, Implemented by Central Bank of
India as Lead Bank to Agriculture Sector
5.2.4. Agriculture Promotional and Development Program of
NABARD
5.2.5. District Credit Plan of Agriculture Sector in Ahmednagar
District (Annual Credit Plan)
5.2.6. Increase / Decrease in District Credit Plan of Agriculture
Sector in Ahmednagar District
5.2.7. Achievement of District Credit Plan of Agriculture Sector in
Ahmednagar
5.2.8. Central Bank of India's contribution in District Credit Plan
of Ahmednagar District
5.2.9. Central Bank of India's Credit Plan to Agriculture Sector
5.2.10. Loan Distributed by Central Bank of India in Agriculture
Sector in Ahmednagar
5.2.11. Classification of CBI's Agriculture Sector Credit Plan
5.2.12. Classification of CBI's Finance to Allied Activities
5.2.13. Recovery Performance of CBI in Agriculture Sector
5.2.14. Agriculture Sector Cropping Pattern of Ahmednagar District
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5.2.15. Changes in Cropping Pattern of Ahmednagar District
5.2.16. Reasons behind Changes in Cropping Pattern in
Ahmednagar District
5.2.17. Production of Major Crops in Ahmednagar District
5.2.18. Production of Major Crops in Ahmednagar District in Year
2009-10
5.2.19. Activities Allied to Agriculture
5.2.20. Dairy Activity in Ahmednagar District
5.2.21. Role of CBI in Agriculture Development
5.2.22. Development of Ahmednagar District
5.3. Business Sector
5.3.24. Central Bank of India and Business Sector
5.3.25. Central Bank of India's Schemes for Business Sector
5.3.26. Government Sponsored Schemes implemented by Central
Bank of India :
5.3.27. District Credit Plan of Business Sector in Ahmednagar
District
5.3.28. Increase / Decrease in District Credit Plan of Business Sector
in Ahmednagar District :
5.3.29. Achievement of District Credit Plan
5.3.30. Central Bank of India's Credit Plan to Business Sector
5.3.31. Classification of CBI's Credit Plan to 'SSI' (NFS)
5.3.32. Classification of CBI's Credit Plan to 'Trade & Other
Priority'
5.3.33. Loan Distributed by Central Bank of India in Business
Sector
5.3.34. Recovery Performance of Central Bank of India in Business
Sector
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5.3.35. Registered Factories and Employment in Ahmednagar
District
5.3.36. Large, Medium and Small Scale Industrial Units in
Ahmednagar District
5.3.37. Large Scale Industries and Employment
5.3.38. MIDC wise Industrial Units
5.3.39. Co-operative Industrial Estates and Employment
5.3.40. Major Business Groups and Regular Workers
5.3.41. Average no. of Workers per day in Different Factories
5.3.42. Trading, Shops, Mercantile Institutes and Employment
5.3.43. Employment in Hotels, Entertainment and Other Services
5.3.44. Co-operative Sugar Industry and Employment
5.3.45. Role of CBI in Business Sector Development
5.3.46. Development of Ahmednagar District (Business Sector)
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Chapter 5
Role of Central Bank of India
in the Development of Ahmednagar District
5.1 Introduction :
On July 19, 1969 the Indian Government has nationalized 14
large bank in the country with an aim to extend banks to reach the
rural areas of the country and unorganized sector of the urban poor.
Bank credit thereafter was to be channeled to various sectors of the
economy through innovative credit schemes.
The role of banks in the economic development of a country
assumes significance due to the fact that they provide one of the
essential inputs, namely, finance for the growth of various segments
of the economy.
Central Bank of India was established in 1911 and
Ahmednagar district was allotted to Central Bank of India in 1969.
Since 1969, Central Bank of India was working as 'Lead Bank' of the
district. As a 'Lead Bank' and as 'Commercial Bank', Central Bank of
India is performing important role in different segments of the
district.
Central Bank of India was financing to different sectors of
economy. In this chapter, the role of Central Bank of India in
development of agriculture sector and business sector of
Ahmednagar district is studied.
-
As a 'Lead Bank', Central Bank of India is providing finance
to agriculture and business sector. In agriculture sector, finance is
given to agriculturists for crops, vehicles, agriculture activities
(projects) and to agriculture allied activities.
Business is an economic activity which includes production of
goods and services and also distribution of those goods and services
with the purpose of earning profit. Hence, in business activity,
industry, trading and services activities are covered, which are
financed by bank.
5.2 Agricultural Sector (Ahmednagar district) :
Ahmednagar district is the largest district of Maharashtra. The
district is basically village oriented with a powerful agrarian
economy, it is but natural that the financial institutions set up for
rural needs have a rural inclination. The commercial banks operating
in the district have wide network of branches catering to the rural
needs of district.
"Geographical area of the district is 17412 sq. km. Agriculture
geographical area is 13116900 hector and net sown area is about
1214543 hectors." 1 Out of which, more than 25 percent land is
under canal and well irrigation and 75 percent land area is under rain
area. Land not available for cultivation is 103553 hectors.
" In Ahmednagar district, there are 6.8 lakh farming families,
out of which 32.45 percent farmers are having less than 2 ha land
holding, 57.89 percent farmers are having land-holding between 2-
10 ha and 9.66 percent farmers have a land holding with more than
10 ha." 2 It means that maximum farmers have less land holding.
-
Two major projects viz. Mula and Bhandardara are main
sources of irrigation in Ahmednagar district. Large part of the district
is irrigated by canal water from above two and other three adjacent
districts projects viz. Gangapur, Nasik, Ghod and Kukadi of Pune.
The main cash crops of the district are sugarcane (Adsali, Suru,
Rotten) and Cotton.
There are three cropping seasons viz. kharip, rabbi and summer.
In kharip season, mainly rain fed crops like Bajara, Hybrid Jowar,
Cotton, Sunflower, Groundnuts, Soybean, Paddy, Moong etc. are
grown. In Rabbi season crops like Jowar, Wheat, Gram, Vegetables
etc. are grown. In summer season irrigated crops like Groundnut,
Sunflower, Fodder crops are grown.
But now-a-days, due to advanced irrigation techniques, fruit
crops like Grapes, Sweet Lime, Pomegranate, Bor and Mango etc.
are grown in Ahmednagar district.
Dairy farming is an allied activity of agricultural sector.
Ahmednagar district is one of the top district in respect of dairy
farming and milk production. There are various milk processing
plants in the district and packaged milk and milk products are sold
all over the Maharashtra.
Co-operative sector is the backbone of the agriculture sector of
Ahmednagar district. As the district is village oriented and its
agrarian economy was developed because of co-operative sector.
Ahmednagar is a pioneer district in co-operative movement and in
upliftment of sugarcane cultivators. Late Padmashree Dr. Vitthalrao
Vikhe Patil has started the first co-operative sugar factory in the
district at Pravaranagar during the year 1949, which was the first of
-
its kind in the Asian Continent. There are 18 co-operative sugar
factories, 9310 co-operative societies, 1281 co-operative dairies
societies and 4 fruit and vegetable co-operative societies providing
impetus to rural economy.
The co-operative sector in the Ahmednagar district is dealing
with all types of needs of farming community, village prosperity and
all round socio-economic development of the district.
In Ahmednagar district, nationalized banks has a wide network
all over the district. Banks are providing large amount of finance to
agricultural sector, in the forms of loans.
Central Bank of India has been entrusted with lead bank
responsibility of Ahmednagar district. Central Bank of India has to
prepare credit plan of the district every year, and implement the
same with the help of other banks and institutions.
Since its establishment in the district, Central Bank of India is
providing finance to agriculture sector in Ahmednagar district. Bank
is performing dual role in the district, i.e. as a commercial bank and
a lead bank of Ahmednagar district. Various program and schemes
has been implemented by Central Bank of India in Ahmednagar
district.
5.2.1. Central Bank of India And Agriculture Sector :
The nationalization of banks since July 1969, was an important
landmark in the banking sector of Ahmednagar district. Since
nationalization of 14 banks, there has been tremendous progress in
the branch banking in rural and semi-urban areas of the district.
-
Central Bank of India was established in 1969-70 in
Ahmednagar district. The Shrigonda branch of Central Bank of India
is the first rural branch of nationalized bank all over the India which
was established in 1969. The Ahmednagar branch was established on
15th May, 1970. Since 1969, Central Bank of India is catering all
financial needs of Ahmednagar district.
In 1972, Central Bank of India have established ten branches in
Ahmednagar district, namely Ahmednagar, Ganeshnagar, Jamkhed,
Kolhar, Newasa, Rahuri, Shevgaon, Shirdi, Shrigonda and Vambori.
After nationalization and lead bank scheme, Central Bank of
India have adopted progressive measures for expansion of credit
facilities for development of agriculture sector. The agrarian sector
which was formerly deprived of banking credit in the past was
hereby immensely benefited by expansion of credit. Afterwards,
systematic efforts are being made for making credit available for
digging and construction of wells for irrigation.
The lead bank survey report of Ahmednagar district, which was
prepared by Central Bank of India in 1970, estimated the financial
needs of agricultural sector and also estimated a large amount of
funds for fast development of agricultural sector.
Central Bank of India is implementing various programs and
scheme for agricultural sector of Ahmednagar district. As lead bank,
maximum weightage of Annual Credit Plan has been given to
agricultural sector every year, since its establishment.
"In 1972, there were ten branches of Central Bank of India in
Ahmednagar district" 3 which in 2010-11, expanded to 61 branches
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(44 rural, 16 semi-urban and 1 urban) all over the district, which are
serving the financial needs of agriculturists.
5.2.2. Central Bank of India's schemes for agriculture sector :
In Ahmednagar district, bank has started and expanded its
business after nationalization in 1969. Bank has started and
implemented various programs and schemes for agricultural sector.
Central Bank of India is having wide branch network and more
than 95% branches are located at rural and semi-urban area. It means
that, bank is catering problems of rural area customers, i.e.
agriculturists. The four squares in the symbol of Central Bank of
India represents four points namely man, finance, industry and
nation. Central Bank of India is using pre-fix of 'Cent' with the name
of its schemes and programs. Various schemes implemented by
Central Bank of India for agriculture sector are as follows -
1. Cent Kisan Credit Card (CKCC) : Central Kisan Credit Card
scheme was introduced during the year (1988-89). In which,
bank issue credit card to farmers. It is an innovative credit
delivery tool to meet the farmers need in a timely and hassle
free manner. It is a simple card cum-passbook incorporation
name, address, borrowing limit of borrower. CKCC limit is to
be considered according to usual annual cropping pattern. This
was for 3 years but now extended upto 5 years. A personal
insurance package is available to the CKCC holders to cover
them against accidental death of Rs. 50,000/- or permanent
disability Rs. 25,000/- R(ate of interest @ 7 percent p.a.)
2. Cent Kisan Gold Card : The scheme is aimed at satisfying all
sorts of investment and consumptions credit needs of the
-
borrowers inclusive of the production credit requirements for
undertaking various farm and non-farm activities being taken
up by the farming community. The overall limits permitted
under the card will have separate sub-limit for taking care of all
short-term needs of the farmers towards raising crops, working
capital requirement for allied activities etc and consumption
needs which shall be allowed in the form of cash credit limit.
(Rate of interest @ 7 percent p.a.)
3. Cent Gold Loan Scheme (Priority Sector) : The scheme is for
all types of agriculturists, who are carrying out production
oriented activities, irrespective of size of holding, agricultural
labour, rural artisans etc.
The scheme is to meet agricultural expenses for crop
production, purchase of milk animals, sheep, poultry and other
allied activities including recurring expenses incurred on minor
irrigation, land development, farm mechanization etc. and also
to meet consumption needs of family.
The maximum limit of loan per borrower is Rs. 5 lakhs.
Interest rate is 7 percent for loan upto 3 lakhs for agricultural
purpose.
4. Cent Tractor Scheme : Tractor financing is one of the main
activities under agriculture sector. An individual (agriculturist)/
company / partnership firm engaged in agriculture and allied
activities, FSS, PACS are eligible for the scheme. The total unit
cost contains, cost of tractor, trailer, accessories and agricultural
equipments. The scheme aimed at satisfying the needs of
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agriculturist and to equip him with tractor and advanced
technology equipments which are useful in farming.
5. DRI Scheme (Differential Rate of Interest Scheme) : The
scheme was introduced in 1972, to provide bank finance at a
concessional rate of interest of 4 percent p.a. to the weaker
sections of the community for engaging in productive and
gainful activities so that they could improve their economic
conditions. The maximum amount of assistance is Rs. 15,000/-.
Repayment within 5 yrs, extendable to 7 yrs.
6. Cent Warehouse Receipt Scheme (for Financing against
Warehouse Receipt) : Under this scheme, finance has been
given against warehouse / cold storage receipts issued by State /
Central Warehousing Corporation, Private Warehouses and
warehouses having tie up with collateral manager against
warehouse receipts. Farmers / processors / well established
traders with licenses and also having approval from Sales Tax
Authorities, are eligible for this scheme.
7. "Scheme for Financing Procurement of Sugarcane
Harvesters to Individual Cultivators / Group of Farmers in
the Maharashtra State Under Rashtriya Krishi Vikas
Yojana" : Under the scheme, financial assistance is provided to
acquire mechanical sugarcane harvesters, under capital linked
subsidy scheme. The scheme is aimed at minimization of cost of
cultivation to overcome acute labour problems, to ensure
maximum yield and sugar recovery % by timely harvesting to
improve soil structure.
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Individual cultivators of agriculturists or group of farmers
are eligible under the scheme.
8. "Scheme for Financing to Joint Liability Group under
Contract Farming Arrangement with Corporate" : The
Scheme is aimed at to augment with flow of credit to farmers,
(small, marginal, tenant farmers, oral lessees etc.) and to built
mutual trust and confidence between bank and target group.
Eligibility criteria is farmers or JLG, who have cultivable fertile
land and are supplying the produce to corporate / agent and
have also been recommended by corporate. Repayment depends
on the duration of the crop and realization of sale proceeds.
By implementing above various schemes Central Bank of
India is financing to agricultural sector and agriculturists.
5.2.3. Govt. Sponsored Programs, Implemented by Central Bank
of India as Lead Bank to Agriculture Sector :
As a Lead Bank of Ahmednagar district, Central Bank of India
has to implement various Govt. sponsored schemes every year with
the co-ordination of supporting agencies. Under priority sector
advances, finance is given to agriculture sector. Horticulture Dept.,
Agriculture Dept., Rural Development Dept., KVIB are the
supporting agencies which helps the bank in implementation of the
schemes.
1. Drip and Sprinkler Irrigation : Under this scheme, the use of
drip / sprinkler is being envisaged by state/central govt. with a
view to utilize more effectively the available water resources.
The scheme will cover all farmers irrespective to the size of
holding. Maximum subsidy permissible for one hectare will be
-
50% of the actual cost of the system or Rs. 15,000/- per hectare
which ever is less.
Agriculture Department is implementing this scheme.
2. Crop Insurance Scheme (Rashtriya Krishi Bima Yojana) :
Hon'ble P.M. Shri. Atal Bihari Vajpayee had dedicated this
scheme on 22/06/1999 to the nation. It has been implemented in
Maharashtra for Rabbi Crop in 1999-2000 and Dept. of
Agriculture and Co-operation has continued the same during
2006 for Kharif.
Paddy, jowar, ragi, moong, udid, tur, groundnut, sunflower,
cotton and sugarcane etc. crops are covered under this scheme.
The maximum insured sum will be 150 percent of the yield.
This scheme is compulsory for loanee farmers and optional for
non-loanee farmers.
3. Agri Clinic and Agri Business: In 2001-2002, Union Finance
Minister in his budget speech announced 'Agri Clinics' scheme,
assistance from banks and refinance support from NABARD,
The scheme aims at supplementing the existing extension
network to accelerate the process of technology transfer to
agriculture and providing supplementary sources of input
supply and services, for which, by and large, farmers presently
depends upon Govt. agencies.
Agri clinics are providing expert services advice to farmers
on cropping practices, technology dissemination, crop
protection from pests and diseases, market trends and prices,
clinical services for animal health etc.
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Agri Business Centers are providing input supply, farm
equipments on hire and other services. Individual borrower will
get maximum Rs. 10 lakh loan amount while for group of 5
persons, it is Rs. 50 lakh.
4. Schemes for Activities Allied to Agriculture : Various
programs were implemented in the Ahmednagar district as per
the potential and requirements of the borrowers. The schemes
are as follows -
a) Dairy Development : Scheme has encouraged the farmers to
established dairy farms individually.
b) Fisheries : Establishment of fish seed farms (portable
hatcheries), to stock the fish seeds.
c) Goat / Sheep Rearing : Scheme provide assistance to goat /
sheep rearing farms to develop the number of farms. It also
provide veterinary aid and also marketing facility for sale
of wool, lamb, mutton etc.
d) Poultry : To encourage the farmers to establish poultry
farm.
e) Bio Gas Plant : Installation of Gobar Gas plants, technical
supervision and services etc are provided by zilla parishad
agencies.
f) Sericulture Development : It is economically promising
scheme implemented by the banks.
g) Horticulture and Plantation : In 1990-91, State Govt. has
implemented this scheme for the first time. It is for small
-
and marginal farmers at 100 percent subsidy and to
medium farmers at 75 percent subsidy.
h) Special component Plan : It is the scheme implemented by
the agricultural department of Zilla Parishad.
5. Assistance for Scientific Onion Shed Construction: Under
this scheme, financial assistance is given to the farmers to
construct onion shed construction. The scheme is implemented
by Panan Maha Mandal or market committees.
6. Scheme for Medicinal Plants : Under this scheme, financial
assistance is given to farmers to cultivate medicinal plants. This
scheme is implemented by Agricultural Department of Zilla
Parishad.
7. Kisan Credit Card : It is a credit card for farmers. The
Government of India, Reserve Bank of India and NABARD
have been focusing of the need to streamline the credit delivery
mechanism to simplify the existing systems so as to provide
timely, adequate and hassle-free credit to farmers.
Kisan Credit Card scheme is under implementation by the
banks through out the country since 1998-99.
-
Table 5.2.1
Progress of Kisan Credit Card in Maharashtra
as on 31/03/2011
Sr.
No. Types of Banks
No. of Cards
Issued (000')
Amount
Sanctioned
(crores)
1. Co-operative Banks 118 1,053
2. Regional Rural Banks 8 62
3. Commercial Banks 600 3,247
4. Total 726 4,362
Source : Report on trends and progress of Banking in India 2010-11
It is clear from the above table that -
1. Out of total Kisan Credit Card issued in Maharashtra, 82.64
percent cards are issued by commercial banks and 16.25
percent by co-operative banks.
2. Roles of Regional Rural banks is very negligible in KCC.
3. The commercial banks had sanctioned 74.43 percent loan
amount under KCC, out of total which is 3 times as
compared to co-operative banks.
5.2.4. Agriculture Promotional and Development Program of
NABARD :
NABARD is the most important organization, which is
implementing various schemes for agriculture sector. These schemes
are as follows-
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1. Capital Investment Subsidy Scheme (CISS) : Under this
scheme finance is given to farmers to construct and renovate
or expansion of rural godown. It provides term loan and
minimum capacity of 100 MT construction can be permitted.
2. CSS for Development Strengthening of Agricultural
Marketing Infrastructure, Grading and Standardization
: Under this scheme, finance is provided to farmers, to
provide additional infrastructure, agri marketing
infrastructure. Loan amount may be 50 percent of project
cost. (Term Loan)
3. CISS National Project on Organic Farming : To promote
organic farming finance is given to farmers to develop
biofertilisers units, vermi culture hatcheries, fruit and
vegetable waste compost unit etc. Estimated cost for unit
with capacity of 150 T p.a. is Rs. 6.27 lakh (25 percent
subsidy is given i.e. approx. Rs. 20 lakh per unit).
4. Venture Capital Fund for Dairy and Poultry : Under this
scheme, financial assistance is given to dairy and poultry
activities.
5. Scheme of Artificial Recharge of Ground Water through
Dug wells in Hard Rock Areas : Under this scheme,
finance is given to farmers to encourage artificial recharge of
ground water (100 percent subsidy is available for small and
marginal farmers, 50 percent for other farmers) unit cost is
Rs. 3600 per structure.
6. Agri Clinic and Agri Business : It is to provide a package
of input facilities, consultancy and other services and also
-
provide self employment opportunity to technically trained
persons.
7. Farmers Club Program : It is for development of farmers
through credit, technology transfer, awareness creation and
capacity building. It grant financial assistance of Rs.
10,000/- per club per year is given for initial period of 3
years.
8. Crop Loan : Under this scheme, crop loan is given to
farmers upto Rs. 3 lakh @ 7% p.a. interest rate.
Above are different schemes organized by NABARD for
agriculture sector.
Central Bank of India, Govt. sponsored schemes and
NABARD programs etc. are the different sources for agricultural
sector to develop and improve the agricultural activities.
5.2.5. District Credit Plan of Agriculture Sector in Ahmednagar
District (Annual Credit Plan):
Central Bank of India as a lead bank of Ahmednagar is
preparing Annual Credit Plan, every year for the district, in which
the budget and annual plan of the district is published. As
Ahmednagar district is a agriculture oriented district, hence every
banking and financial institute is focusing on the agriculture sector.
In every annual plan, maximum weightage is given to agriculture.
The picture of agriculture sector credit plan of 10 yrs (2001-02 to
2010-11) is as follows -
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Table 5.2.2
Agriculture Sector District Credit Plan and it's
Percentage to total in Ahmednagar District for
10 Years (2001-02 to 2010-2011)
Fig. in Crore
Sr.
No. Year
Agriculture Sector Total
Annual
Credit
Plan
figures
Crop
Loan
Agricultur
e Term
Loan
Total
Agricultur
e
1. 2001-02 196.76
(44.56%)
151.30
(34.26%)
348.06
(78.83%)
441.50
(100%)
2. 2002-03 213.74
(46.54%)
134.50
(29.28%)
348.24
(75.82%)
459.24
(100%)
3. 2003-04 225.71
(46.03%)
130.89
(26.69%)
356.61
(72.73%)
490.29
(100%)
4. 2004-05 375.39
(53.69%)
144.99
(20.73%)
520.38
(74.42%)
699.16
(100%)
5. 2005-06 488.02
(32.84%)
251.59
(16.93%)
739.61
(49.77%)
1485.99
(100%)
6. 2006-07 504.41
(31.07%)
270.23
(16.63%)
774.64
(47.71%)
1624.45
(100%)
7. 2007-08 595.24
(50.83%)
320.55
(27.37%)
915.79
(78.21%)
1170.92
(100%)
8. 2008-09 725.66
(32.69%)
371.15
(16.71%)
1096.81
(49.41%)
2219.58
(100%)
9. 2009-10 800.73
(32.67%)
409.49
(16.70%)
1210.22
(49.38%)
2450.58
(100%)
10 2010-11 918.99
(28.34%)
813.69
(25.09%)
1732.68
(53.43%)
3242.41
(100%)
Source : Annual Credit Plan (2001-2002) to (2010-2011), Central Bank of
India, Ahmednagar
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Table indicates that -
1. As a Lead Bank every year District Credit Plan is prepared
by CBI for all the banking institutions in the district. Out of
total Credit Plan, maximum weightage was given to
agriculture sector than the other sectors.
2. Total Agriculture is divided into Crop Loan and Agriculture
Term Loan. In which Crop Loan have maximum weightage
than Agriculture Term Loan.
3. Crop Loan shows continuous increase and as an average, the
rate of increase is 36.70 percent. Agriculture Term Loan
shows fluctuations in the figures, however in 2010-11 the
figure is just double as compared to year 2009-10.
5.2.6. Increase / Decrease in District Credit Plan of Agriculture
Sector in Ahmednagar District :
Generally while planning for the next year, last years figures are
considered as base to estimate the plan. If the performance is good
then next year figures are increased to widen the scope.
Central Bank of India is also considering last years figures of
credit plan to estimate next years plan figures.
The figures of 10 years i.e. 2001 to 2011 are given in table -
-
Table 5.2.3
Increase / Decrease in District Credit Plan of
Agriculture Sector for 10 Yrs (2001-02 to 2010-11)
(Considering Last Year as Base Year)
(Fig. in Crores)
Sr. Year Base
Year
Agriculture Sector
Percent wise
Increase/Decrease
in Plan Figures
Crop
Loan A.T.L.
Total
Agri.
Crop
Loan A.T.L.
Total
Agri.
1. 2000 -01 167.90 127.93 295.83
2. 2001 -02 2000 -01 196.76 151.30 348.06 17.18 18.64 17.65
3. 2002 -03 2001 -02 213.74 134.50 348.24 8.62 -
11.10 0.05
4. 2003 -04 2002 -03 225.71 130.89 356.61 5.60 -2.68 2.40
5. 2004 -05 2003 -04 375.39 144.99 520.38 66.31 10.77 45.92
6. 2005 -06 2004 -05 488.02 251.59 739.61 30 73.52 42.12
7. 2006 -07 2005 -06 504.41 270.23 774.64 3.35 7.40 4.73
8. 2007 -08 2006 -07 595.24 320.55 915.79 18 18.62 18.22
9. 2008 -09 2007 -08 725.66 371.15 1096.81 21.82 15.78 19.76
10
. 2009 -10 2008 -09 800.73 409.49 1210.22 10.34 10.33 10.33
11 2010 -11 2009 -10 918.99 813.69 1732.68 14.76 98.70 43.17
Source : Annual Credit Plan (2001-2011), Central Bank of India, Ahmednagar
(A.T.L. - Agriculture Term Loan)
Table indicates that,
1. District Credit Plan for agriculture sector was increased
continuously. Maximum increase was in 2004-05 and
minimum was in 2002-03.
2. out of total agriculture, Crop loan is also showing continuous
increase particularly in 2004-05. ATL shows decrease in
-
subsequent 2 years i.e. 2002-03 & 2003-04. However, in the
year 2010-11 increase is 98.70 percent.
As an average, the rate of increase in total agriculture is
39.78 percent. It means, it is need of district to increase the
agriculture finance year by year.
5.2.7. Achievement of District Credit Plan of Agriculture
Sector in Ahmednagar :
In District Credit Plan, annual target was given and at the
end of the year amount of loan distributed are considered to
evaluate the achievement.
In case of agriculture sector, crop loan and agriculture term
loan are the two heads of finance. Table shows the figures of target,
achievement and percentage of achievement of crop loan.
Table 5.2.4
Achievement of District Credit Plan (Crop Loan)
(Fig. in crores)
Sr.
No. Year
Crop Loan
Target
Achievement
(Loan
Distributed)
Percent of
Achievement
1. 2001 -02 196.76 163.87 83.29
2. 2002 -03 213.74 148.70 69.57
3. 2003 -04 225.71 111.26 49.30
4. 2004 -05 375.39 134.67 35.87
5. 2005 -06 488.02 252.78 51.80
6. 2006 -07 504.41 485.96 96.34
7. 2007 -08 595.24 420.41 70.63
8. 2008 -09 725.66 539.61 74.36
9. 2009 -10 800.73 577.82 72.16
10. 2010 -11 918.99 760.87 82.79
Source: District Credit Plan, Central Bank of India, Ahmednagar
-
Table indicates that,
1. DCP was prepared by CBI for Ahmednagar district and
accordingly implemented by all banking institutions
including CBI. However, the actual crop loan distributed in
10 years was always less than the targeted amount.
2. Maximum distribution of crop loan was in 2006-07 and
minimum crop loan distributed in 2004-05.
In 2004-05, the targeted amount shows 66.31 percent
increase as compared to 2003-04, which is highest increase. But,
the actual loan distributed show lowest percentage of
achievement.
Table 5.2.5
Achievement of District Credit Plan (Agri. Term Loan)
(Fig. in Crores)
Sr.
No. Year
A. T. L. Percent of
Achieveme
nt of Total
Agri. (Crop
Loan +
A.T.L.)
Target
Achievemen
t (Loan
Distributed)
Percent of
Achievem
ent
1. 2001 -02 151.30 66.27 43.80 66.12
2. 2002 -03 134.50 49.49 36.80 56.91
3. 2003 -04 130.89 79.88 61.03 53.60
4. 2004 -05 144.99 104.43 72.53 46.04
5. 2005 -06 251.59 145.65 57.89 53.87
6. 2006 -07 270.23 225.40 83.41 91.83
7. 2007 -08 320.55 181.43 56.60 65.72
8. 2008 -09 371.15 200.82 54.11 67.51
9. 2009 -10 409.49 226.28 55.26 66.44
10. 2010 -11 813.69 202.69 24.91 55.61
Source: Annual Credit Plan, Central Bank of India, Ahmednagar (2001-
2011)
-
Table denotes that,
1. In Agriculture Term Loan Sector, the estimated target was
not achieved by banking institutions. The loan distributed
was always less than the targeted amount.
2. In total Agriculture sector, the loan distributed was always
less than targeted amount. Highest loan was distributed in
2006-07 & lowest was in 2004-05.
It means target as per DCP for agriculture sector was not
achieved by the banking institutions upto mark.
5.2.8. Central Bank of India's contribution in District Credit
Plan of Ahmednagar District :
Central Bank of India, as a lead bank of Ahmednagar
district, preparing district credit plan every year. In total credit plan,
Central Bank of India is contributing its role with the other banking
institutions. The Central Bank of India's contribution, percentage is
shown in following table, given below,
-
Table 5.2.6
Central Bank of India's Contribution in District Credit
Plan and its Percentage in Ahmednagar District
(2001-02 to 2010-11)
(Fig. in Thousand)
Sr.
No. Year
District
Credit Plan
(Amount)
Central
Bank of
India's Plan
(Amount)
% of
Central
Bank of
India's
Plan
1. 2001 -02 44,15,083 4,45,396 10.08
2. 2002 -03 45,92,642 4,86,416 10.59
3. 2003 -04 46,00,338 4,80,088 10.43
4. 2004 -05 69,91,721 6,30,968 9.02
5. 2005 -06 1,48,59,923 9,89,067 6.65
6. 2006 -07 1,62,34,230 12,51,898 7.71
7. 2007 -08 1,84,47,639 13,14,565 7.12
8. 2008 -09 2,21,95,905 15,45,827 6.96
9. 2009 -10 2,45,09,890 16,39,279 6.68
10. 2010 -11 3,24,24,308 24,40,019 7.52
Source: Central Bank of India, District Credit Plan, Ahmednagar
Table denotes that,
1. District Credit Plan, prepared by CBI, implemented by
various banking institutions. CBI is one of the institute.
2. CBI's Credit Plan was increased continuously except 2003-
04.
3. Percentage of CBI's contribution in DCP was more than 10
upto 2003-04, afterwards it was fluctuating. Average
percentage of CBI's contribution is 8.27%. As an individual
bank and as compared to number of branches percentage of
CBI's contribution is satisfactory.
4. Increase in number of banks and branches is one of the
reason decrease in CBI's contribution percentage in DCP.
-
5.2.9. Central Bank of India's Credit Plan to Agriculture
Sector :
As lead bank of Ahmednagar district, bank is planning for the
district and also implementing credit plan and Government.
As per the district credit plan, a target is given to Central Bank
of India for implementation in every sector. For agriculture sector,
Central Bank of India is implementing the plan in two sections viz.
crop loan and agriculture term loan.
Table shows the credit plan allocated to Central Bank of India.
Table 5.2.7
Central Bank of India's Credit Plan of Agriculture
sector in Ahmednagar District
(2001-2002 to 2010-11)
(Fig. in Thousand)
Sr.
No. Year
Agriculture Sector (Credit Plan)
Crop Loan A. T. L. Total
Agriculture
1. 2001 -02 42,814 1,59,402 2,02,216
2. 2002 -03 46,985 1,66,651 2,13,636
3. 2003 -04 66,104 1,44,345 2,10,449
4. 2004 -05 86,508 1,80,298 2,66,806
5. 2005 -06 2,11,823 3,84,784 5,96,607
6. 2006 -07 1,84,943 4,02,533 5,87,476
7. 2007 -08 1,94,194 4,22,694 6,16,888
8. 2008 -09 2,31,343 4,62,922 6,94,265
9. 2009 -10 2,52,736 5,06,149 7,58,885
10. 2010 -11 2,89,173 10,38,557 13,27,730
Source: Annual Credit Plan, Central Bank of India, Ahmednagar
-
Table indicates that,
1. In Crop Loan section, amount of CBI's Credit Plan is
continuously increasing except 2006-07. In ATL also, Credit
Plan is increasing except 2003-04. However in 2010-11 ATL
Credit Plan was 2 times as compared to 2009-10.
2. In total agriculture sector, CBI's Credit Plan is continuously
increasing except 2003-04 & 2006-07. In 2010-11, Credit
Plan increased by 74.95 percent as compared to 2009-10.
5.2.10. Loan distributed by CBI to Agriculture Sector
In agriculture sector, Central Bank of India is financing
under crop loan and agriculture term loan section. The plan, its
performance and its percentage of crop loan is presented below-
Table 5.2.8
Crop Loan distributed by CBI
(2001-02 to 2010-11) (Fig. in thousands)
Sr.
No. Year
Crop Loan
Plan
Performance
(Loan
Distributed)
Percent of
Loan
Distributed
1. 2001 -02 42,814 28,946 67.60
2. 2002 -03 46,985 55,336 117.73
3. 2003 -04 66,104 66,903 101.20
4. 2004 -05 86,508 45,609 52.72
5. 2005 -06 2,11,823 90,468 42.70
6. 2006 -07 1,84,943 1,45,717 78.79
7. 2007 -08 1,94,194 1,68,792 86.91
8. 2008 -09 2,31,343 2,24,498 97.04
9. 2009 -10 2,52,736 1,85,840 73.53
10. 2010 -11 2,89,173 1,83,212 63.35
Source: Central Bank of India, District Credit Plan
-
Table reveals that,
1. Credit Plan prepared by CBI for Ahmednagar district and
accordingly loans are sanctioned by CBI. However, actual
disbursement of loan was always less than targeted amount
excluding 2002-03 and 2003-04.
2. In the year 2005-06, actual loan distributed was only 42.20
percent as compared with plan.
3. In 2002-03 & 2003-04 CBI's loan distribution was more than
100% which is satisfactory.
The Central Bank of India's performance in agriculture term
loan sector is presented below,
Table 5.2.9
Agriculture Term Loan Distributed by CBI
(2001-02 to 2010-11)
(Fig. in thousands)
Sr
No Year
Agriculture Term Loan Percent of
Performance
of Total
Agriculture
(Crop Loan+
A.T.L.)
Plan Loan
Distributed
Percent of
Loan
Distributed
1. 2001 -02 1,59,402 60,340 37.85 44.15
2. 2002 -03 1,66,651 99,247 59.55 72.34
3. 2003 -04 1,44,345 72,530 50.24 66.25
4. 2004 -05 1,80,422 1,00,320 55.60 54.66
5. 2005 -06 3,84,784 1,27,640 33.17 36.55
6. 2006 -07 4,02,533 1,91,855 47.66 57.46
7. 2007 -08 4,22,694 2,27,249 53.76 64.19
8. 2008 -09 4,62,922 2,27,500 49.14 65.10
9. 2009 -10 5,06,149 1,70,585 33.70 46.96
10. 2010 -11 10,38,557 1,26,092 12.14 23.29
Source: Central Bank of India, District Credit Plan, Ahmednagar
-
Table denotes that,
1. CBI has prepared & implemented Credit Plan for Agriculture
Term Loan and accordingly loans were sanctioned. The actual
disbursement of loan was always less than the planned target.
In 2010-11 percentage of loan distributed was just 12.14
percent which is lowest percentage of loan distributed.
2. In total agriculture sector, the percentage of actual
disbursement of loan was always less than the target. In 2002-
03, actual loan distributed was 72.34 percent and year 2010-11
shows lowest percentage of loan distribution.
5.2.11. Classification of CBI's Agriculture Sector Credit Plan:
Under Agriculture sector, finance is given under different
heads like crop loan, minor irrigation, land development, farm
mechanization, plants and horticulture. The classification of CBI's
Credit Plan is as follows-
-
Table 5.2.10
Classification of CBI's Agriculture Sector Credit Plan,
(2001-02 to 2010-11)
Ahmednagar (Fig. in Thousand)
Year Agriculture
(1)
Allied
Activities (2)
Total
Agriculture
(1+2)
2001-02 150724 51492 202216
2002-03 159716 53920 213636
2003-04 172226 38223 210449
2004-05 231952 41656 266806
2005-06 N. A. N. A. N. A.
2006-07 184943 402533 587496
2007-08 492155 124733 616888
2008-09 557940 136325 694265
2009-10 611198 147687 758885
2010-11 663654 664076 1327730
Source : CBI, Credit Plan, Ahmednagar
Note : Information for 2005-06 is not available
Table shows that, total agriculture is divided into two sectors
viz. agriculture and allied activities. Under allied activities loan
are given to various activities other than agriculture.
1. Credit Plan only for Agriculture Sector is increased
continuously. As an average the rate of increase in agriculture
finance is 34.03 percent.
2. There is fluctuations in Credit Plan for allied activities.
However, in the year 2010-11 allied activities plan was near
about 3.5 times as compare to the year 2009-10.
-
Sector wise classification of CBI's Agriculture Credit Plan is
given below :
Table 5.2.11
Sector wise Classification of CBI's Agriculture Finance
Plan
Ahmednagar (Fig. in Thousand)
Year Agriculture Sector Total
Agriculture CL MI LD FM PH OTH
2001-02 42814 36866 3402 48440 11857 7345 150724
2002-03 46985 45565 4480 46911 8265 7510 159716
2003-04 66104 49348 2656 41875 5970 6273 172226
2004-05 111942 57244 2787 48456 7031 4492 231952
2005-06 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
2006-07 234904 202144 24367 141629 33714 19264 656022
2007-08 194194 140905 17515 100954 24714 13824 492155
2008-09 132343 153845 19415 111336 26788 15213 557940
2009-10 252736 168697 21198 122953 28885 16729 611198
2010-11 289173 136673 51171 73942 45191 67504 663654
Source: CBI, Annual Credit Plan, Ahmednagar
CL - Crop Loan FM - Farm Mechanization
MI - Minor Irrigation PH - Plant & Horticulture
LD - Land Development OTH - Others
Table reveals that,
1. CBI's Credit Plan for Agriculture is divided into six sectors.
The amount of Credit Plan of all sectors are fluctuating.
2. In Crop Loan Sector, amount of Credit Plan is increasing
except 2007-08 and 2008-09. In 2010-11, Credit Plan amount
was 6.75 times as compared to 2001-02.
-
3. Minor Irrigation, Credit Plan is increased continuously except
2010-11. In 2010-11 Credit Plan was decreased by 18.98
percent as compared to 2009-10.
4. Out of total Agriculture, always minimum weightage was
given to Land development. In 2010-11 Land development
plan was 15 times as compared to 2001-02.
5. In Farm Mechanization Sector, Credit Plan is fluctuating. In
2010-11, Credit Plan decreased by 39.86 percent in plant and
horticulture sector, Credit Plan is fluctuating. However, in
2010-11 it increased by 56.45 percent.
6. Credit Plan of 'Other' sector, was 9.19 times as compared to
2001-02
5.2.12. Classification of CBI's Finance to Allied Activities :
The activities which are directly and indirectly related to and
depend on the agriculture but not involved any agriculture activity is
called as allied activities. Sector wise classification of CBI's Credit
Plan is as follows :
Table 5.2.12
Sector wise Classification of CBI's Finance Plan to Allied
Activities
Ahmednagar (Fig. in Thousand)
Year Allied Activities
Total DD PF SGP Fishery Forestry Storage
2001-02 30526 3360 15266 N.A. N.A. 2340 51492
2002-03 32530 2310 16630 N.A. N.A. 2450 53920
2003-04 23196 500 12557 N.A. N.A. 1890 38223
2004-05 25441 560 14278 N.A. N.A. 1377 41656
2005-06 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
-
2006-07 67082 9423 39750 421 3074 61816 181566
2007-08 51746 6619 28896 283 2397 34792 124733
2008-09 57094 7400 30534 283 2587 38427 136325
2009-10 62678 8073 33509 283 2757 40387 147687
2010-11 428961 3309
7 86250 3679 4110 107979 664076
Source: CBI, Annual Credit Plan, Ahmednagar
DD - Dairy Development PF - Poultry Farms
SGP - Sheep-Goat-Pigs (rearing)
1.1.12.1.1. In Dairy Development, Credit Plan is always
fluctuating. In 010-11, Credit Plan amount is 6.84 times as
compared to 2009-10.
1.1.12.1.2. Poultry farming sector also shows fluctuations but,
Credit Plan amount in 2010-11 is 9.85 times as compared to
2001-02.
1.1.12.1.3. In sheep-goat-pig rearing sector, Credit Plan of 2010-
11 is 2.57 times as compared to 2009-10.
1.1.12.1.4. In Ahmednagar district, due to less potential in fishery
& forestry minimum weightage has been given in Credit Plan
to fishery and forestry sector.
1.1.12.1.5. In storage sector, Year 2010-11 shows the highest
increase in Credit Plan. It is 2.67 times as compared to 2009-
10.
5.2.13. Recovery Performance of Central Bank of India :
Recovery of loan by any banking institution is the pre-
requisite for its sound financial condition. The bank provides loan to
agriculture sector with twin objectives i.e. to improve the living
standard of farmer and productivity of farms and to increase the
financial soundness of the banks. It is a responsibility of the
-
borrowers to repay the loan amount with certain interest as laid
down by banking institution.
The level of recovery of the loan affects the quality of the
bank and low recovery means increase in non-performing assets.
Table shows the recovery of Central Bank of India in
agriculture sector in Ahmednagar district.
Table 5.2.13
Recovery Performance of Central Bank of India in
Agriculture Sector in Ahmednagar District (2003-04,
2005-06, 2006-07 )
(Figures in thousands)
Sr.
No. Year
Agri. Sector Credit
Recovery
(%)
Percent of
Overdues
to Demand Demand Recovery Overdue
1. 2003 -04 2737 1253 1484 45.78 54.21
2. 2005 -06 5862 3639 2223 62.08 37.92
3. 2006 -07 5078 2501 2577 49.00 50.74
Source: Central Bank of India, credit plan of Ahmednagar , 2003-04, 2005-
06, 2006-07
It may be understood from the above table that,
1. Credit recovery percent of CBI for 3 years are 45.78 percent,
62.08 percent and 49 percent, which is good but not
satisfactory, because increase in low recovery may leads to
non-performing assets. Percentage of overdue to demand for 3
years are 54.21 percent, 37.92 percent and 50.74 percent
respectively.
2. In case of year 2005-06, bank position is good where recovery
percent is more than 60 percent and overdue percentage is less
-
than 40 percent but, in case of 2006-07, the proportion of
credit recovery to overdue is 1:1 approximately which leads to
think over the financial condition of the bank. Bank has to
implement recovery programs in agriculture sector.
5.2.14. Agriculture Sector Cropping Pattern of Ahmednagar
District :
The Ahmednagar district is the biggest district of Maharashtra
in terms of area. The total geographical area of the district is 17.41
lakh ha. The net cropped area is 12,56,500 ha, out of which an area
of 3,30,000 ha (26.27 percent) is under canal (84,000 ha) and well
irrigation. About 9,26,500 ha (73.73 percent) area is rain fed.
The area under kharif crops is 4,60,000 ha (36.60 percent) while
7,58,000 ha (60.32 percent) area is under rabbi crops in 2009-10.
The present farming system which is adopted by majority of
farmers in rain fed area of the district are food grain crops like
bajara, jowar as cereals, moog, udid, tur as pulse crops and in
combination with dairy and animal husbandry. The dairy, animal
husbandry, poultry and various allied activities of farming are major
pillars of agriculture today.
The analysis of farming of the district indicates the dominance
of sugarcane as a cash crop with dairy as inseparable combination
and it is being supplemented by either vegetables and horticulture
crops like pomegranate, sweet lime, grapes etc.
The cropping pattern of Ahmednagar district from 1960-61 to
1990-91 is given in the following table 5.2.14,
-
Table 5.2.14
Statement showing Area Under Major Crops in
Ahmednagar District (1960-61 to 2000-01)
00' Hector
Sr.
No.
Major
Crops
1960-
61
1970-
71
1980-
81
1990-
91
2000-
01
1. Grains 10225 10171 10252 10012 10011
2. Pulses 1102 1080 881 823 1004
3. Oil seeds 583 469 247 285 773
4. SugarCane 360 520 450 642 791
5. Cotton 320 290 120 138 45
Net Area
Under
Crops
12590 12530 11950 11900 12225
Soruce: District Social and Economic Abstract, March 2005, P.No. 44,
March 2010, P.No. 4
Table indicates that,
1. Area under major crops in Ahmednagar district is shown in
the table. Grains includes bajara, jowar, pulses includes gram,
moong, udid. The area under grains and pulses is decreased
from 10225 and 1102 in 1960-61 to 10011 and 1004 in 2000-
01 respectively. The fluctuating rainfall is the major reason
behind decline in grain and pulses.
2. Due to canals and irrigation facilities like well, bore well
(Tube well), drip and sprinkler irrigation area under cash crops
is increased. In case of sugarcane, in 1960-61, 360 land area
-
which was increased to 791 in 2000-01. In case of cotton, in
1960-61 320 land area, which was decreased to 45 in 2000-01.
3. The reason behind these changes in cropping pattern is
irrigation facilities and finance available from banking
institutions. Since 1969, banking industry was developed with
a tremendous speed due to nationalization and after 1990-91
due to banking sector reforms. Hence banks have played
important role in agricultural finance.
5.2.15. Changes in Cropping Pattern of Ahmednagar District :
In Ahmednagar district, agricultural finance is available in a
large scale from various sources like, commercial banks, co-
operative banks, RRB's Since establishment in 1969 in Ahmednagar,
Central Bank of India was financing to agriculture sector as a 'Lead
Bank'. Various schemes, programs, Govt's schemes, NABARD
programs which were implemented by the Central Bank of India, for
last 43 years result in various changes of society.
In case of Ahmednagar district, the area is of 'rain shadow'
characteristic, which had always problem of rainwater. Hence in the
district irrigation was always problem for farmers. But due to
construction of dam, canals and wells, near about 25% problem was
solved and remaining problem was solved by technology like drip
irrigation, sprinkler irrigation and change in cropping pattern and
adoption of allied activities like dairy, poultry and development of
sugar industry.
Grains, pulses and oil seeds were the traditional crops in
Ahmednagar districts but which was changed in last 3-4 decades.
Farmers moved to cash crops like sugarcane, cotton and horticulture
-
crops. Table 5.2.15 shows position of major crops of Ahmednagar
district for last 10 years given below,
Table 5.2.15
Changes in Cropping Pattern of Ahmednagar District
(2000-01 to 2009-10)
(00'
Hector)
Sr.
No.
Major
Crops
2000-
01
2004-
05
2006-
07
2008-
09
2009-
10
1. Grains 10011 10009 10010 10008 10008
2. Pulses 1004 837 840 838 816
3. Oil seeds 773 422 420 424 432
4. Sugar Cane
791 811 810 812 822
5. Cotton 45 58 60 59 63
Net Area
Under
Crops 12225 12137 12140 12141 12141
Source: District Social and Economic Abstract March 2010, P. 2,4
Table indicates that,
1. Area under traditional crops like grain and pulses is
decreasing year by year. In 2000-01, 10011 grains and 1004
pulses decreased to 10008 ha grains and 816 ha pulses in
2009-10 in Ahmednagar District.
2. Area under cash crops like sugarcane and cotton is increasing.
In 2000-01 area under sugarcane and cotton was 791 and 45
hector, which increased to 822 and 63 hectors in 2009-10
respectively.
3. In case of area under oilseeds is also decreased in last 10 years
from 773 in 2000-2001 to 432 in 2009-10. But in last 5 years,
-
the cultivation of oilseed like soya bean is increasing in
Ahmednagar district.
5.2.16. Reasons behind Changes in Cropping Pattern in
Ahmednagar District :
Following are the reasons behind change in cropping pattern
in Ahmednagar district.
a) Irrigation of land : Before irrigation farmers were depend
on the rain for cultivation but, due to construction of
small and medium dam, wells, tube wells, canals, near
about 80-90 percent of area of Ahmednagar district is
well-irrigated. Hence farmers have changed the cropping
pattern. Instead of traditional crops now, farmers are
moved to cash crops.
b) New Technology in Irrigation : Drip irrigation and
sprinkler irrigation, pipeline are new technologies
available for irrigation. Which is not so much costly and
banks are providing finance to such technique and
equipments.
c) Scientific Research : In agriculture sector, scientific
research of water, soil proves that various new crops are
suitable for stony land e.g. in the area of drought prone
tahsils, it is proved that, instead of traditional crops,
horticultural crops like pomegranate is suitable. It gives
high yield. Hence, in drought prone area farmers are
moving to oilseeds and fruits like pomegranate.
-
d) Availability of Export Facility for Horticulture Products :
Farmers can export the Horticulture products like grapes,
pomegranate, sweet lime farmers are developing vinery
farms because vinery plants are available. Hence
cropping pattern is changed.
e) Co-operative Movement : Ahmednagar district is pioneer
of co-operative movement in Maharashtra. Today near
about 18 co-operative sugar factories are in working
condition. Due to irrigation, irrigated land was increased
and farmers moved to sugarcane as a beneficial product.
f) Bank's Finance : After nationalization of banks in 1969,
banks were expanded to rural area. They provide finance
to crop loan, construction of well, bore well, pipelines,
expensive crops, vehicles, tractors which are basic needs
of farmers hence, with the help of this finance, farming
pattern is completely changed in Ahmednagar district.
5.2.17. Production of Major Crops in Ahmednagar District :
Traditional crops of Ahmednagar district were grains and
cereals like jowar, bajara, maize, wheat, oilseeds and cash crops like
sugarcane, cotton But in last few years, due to change in cropping
pattern, farmers were moved to cash crops and towards horticulture
crops like sugarcane, grapes, pomegranate, sweet lime, vegetables
like onion, brinjal and production of pulses is decreased in a large
scale. The production of major crops in Ahmednagar district is given
below.
-
Table 5.2.16
Production of Major Crops in Ahmednagar District
(Per hector production - in Kg)
(Total Production - in M. Tonne)
Sr
No
Name of
Crop
2007-08 Increase/Decrea
se in Production
as compared to
2006-07 (in %)
Producti
on per
hector
Total
Production
1. Total
Grains 921 8456
64.35
Jowar 564 2841 23.36
Bajara 748 1741 2.52
Rice 1191 102 0.36
Wheat 2071 2711 2.30
Maiz 2757 1025 3.83
2. Total Pulses 628 257 -0.81 (Decrease)
3. Oilseeds 697 233 0.13
4. Sugarcane 78 104320 429.42
5. Cotton 349 821 4.56
Source: 1. Commissionarate of Agriculture, Pune
2. District Social and Economic Abstract, P. 53
Notice : 1. Sugarcane production is in dressed cane format.
2. Cotton Production "00' knot format (1 knot = 170 kg)
Table indicates that,
1. As compared to 2006-07, production of sugarcane of 2007-08
shows tremendously increase by 429.42 percent.
2. Total grains and cereals are increased, out of which major
contribution is of jowar which is 23.36 percent.
3. Cotton show 4.56 percent increase in year 2007-08 and
oilseeds production was increased by just 0.13 percent
-
4. Total pulses is the only item which shows decrease in
production in 2007-08 as compared to year 2006-07.
5.2.18. Production of Major Crops in Ahmednagar District in
Year 2009-10:
Following table shows production of major crops in
Ahmednagar district.
Table 5.2.17
Production of Major Crop in 2009-10
Ahmednagar Production in M. Tonne
Sr No Name of Crop Production
(2009-10)
1. Total Grains 8,21,210
Jowar 4,09,521
Bajara 1,50,183
Rice 4,322
Wheat 1,78,106
Maiz 78,009
2. Total Pulses -
3. Oilseeds 61,213
4. Sugarcane 1,03,37,605
5. Cotton 70,096
Source: District Social and Economic Abstract, P. 49, 50, 51, 52
Table reveals that,
Production of sugarcane, cotton is 1,03,37,605 and 70,096
M.T. Oilseeds production are also increased specially in drought
pronned area and in case of cereals and grains production of
jowar and bajara is improved. The production of pulses is
decreased.
5.2.19. Activities Allied to Agriculture :
-
With agriculture activities various allied activities were also
developed in Ahmednagar district, as per economical and social
requirements of farmers. In Ahmednagar district, land holding of
farmers is very low, hence it is essential for farmers to develop allied
activities to satisfy his daily bare necessity. Poultry, dairy, goat-
sheep rearing etc. allied activities were started by farmers in
Ahmednagar district.
Total figures of animal husbandry is given in following
table.
Table 5.2.18
Live Stock (Animal Husbandry) of Ahmednagar
District
(000' thousands)
Sr
No
Animal
Census
Year
1972 1982 1987 1997 2003 2003
Live
Stock
1960-
61
1970-
71
1980-
81
2000-
01
2008-
09
2009-
10
1.
Total
Live
Stock
177
3 2110 2209 3000 3481 3891
2. Cow 78 94 119 1315 1323 1383
3. Buffalo 57 199 157 241
4. Goats &
Sheeps 438 389 482 1451 1996 2251
5. Poultry
Birds 247 339 343 2138 2645 6323
Source: District Social and Economic Abstract, March 2010, P. 2,4
Table denotes that,
1.1.19.1.1. In last 4 decades, the live stock is developed in a
different way due to revolutionary co-operative movement in
dairy/ farming, it was possible for small farmers to start dairy
unit of foreign breed cows.
-
1.1.19.1.2. In eighties and nineties, poultry and dairy business
was developed in the district, because of Govt. policies and
NABARD and financial institutions like banks.
In case of buffalo, today also number of buffalos are less
because of its high price and low yield. In Ahmednagar
district buffalos are less as compared to cows.
1.1.19.1.3. Goat and sheep rearing activity is not developed in
large scale in Ahmednagar. Small farmers are having goats
and sheep with them. Few communities are having their own
flock of sheep and goats as their traditional business (e.g.
Dhangar / Vhatkar). These are nomadic tribes. Milk
production is not main object behind sheep and goat rearing.
For wool and meat production, goats are raised.
1.1.19.1.4. Poultry birds business was developed in a large scale
in Ahmednagar district, because of availability of finance
infrastructural facilities, advice, medicinal assistance and
market.
5.2.20. Dairy Activity in Ahmednagar District :
Dairy activity is now the most important economic pursuit of
farmers, after agriculture in Ahmednagar District. Near about 95%
farmers are involved in dairy activity. The district has a network of
453 veterinary aid centers equipped with artificial semination
facilities. 4
Bharatiya Agro Industries Foundation (BAIF), operating in the
district, also undertakes animal husbandry activity. At present, there
are 2799 dairy co-operative societies in the district collecting milk
2583.06 lakh litres per day.
-
The district also enjoys a fairly good infrastructural network for
a procurement, chilling organized milk marketing to major cities etc.
Adequate number of vehicles for transportation of milk are available.
The milk production of Ahmednagar district (Block wise) for 3
years is shown in following table.
Table 5.2.19
Block wise Milk Production of Ahmednagar District for
2007-08, 2008-09, 2009-10.
Ahmednagar (000' Liters)
Sr.
No.
Name of
Block
Milk Production
2007-08 2008-09 2009-10
1. Akole 19,375 22,210 22,278
2. Sangamner 75,071 83,742 86,039
3. Kopargaon 39,178 42,836 32,494
4. Rahata 53,954 9,620 36,743
5. Shrirampur 591 4,093 8,761
6. Newasa 249 26,508 17,933
7. Shevgaon 4,046 5,725 4,596
8. Pathardi 14,609 13,171 11,811
9. Ahmednagar 3,215 2,578 1,435
10. Rahuri 9,118 9,307 8,096
11. Parner 1,384 12,546 6,595
12. Shrigonda 10,768 8,182 6,799
13. Karjat 22,506 15,443 17,747
14. Jamkhed 4,041 2,345 2,990
Total 2,58,105 2,58,306 2,64,317
Source: District Animal Husbandry Office, District Social and Economic
Abstract, March 2010, P. 56
Table reveals that,
1. Milk production of Ahmednagar district is increased from
2,58,105 liters in 2007-08 to 2,64,317 liters in 2009-10
-
2. Akole, Sangamner, Rahata, Shrirampur, Karjat and Jamkhed
etc are six blocks where milk production is increased in 2009-
10.
3. Kopargaon, Newasa, Parner, Nagar etc are the four blocks
where milk production is decreased in 2009-10.
4. Shevgaon, Pathardi, Shrigonda and Rahuri are the four blocks
where milk production is decreased by 20% to 30%.
Ahmednagar district is the pioneer of milk revolution in
Maharashtra and now is the supplier of milk to various districts of
Maharashtra.
Comparative achievement of co-operative Dairy Societies in
Ahmednagar District :
The Dairy business is backbone of farming in Ahmednagar
district. Ahmednagar district is on 1st position in Maharashtra in milk
production. The comparative achievement of co-operative Dairies
for 2006-07 and 2008-09 is as follows -
Table on next stage
-
Table 5.2.20
Comparative Achievement of Co-operative Dairy
Societies (2006-07 and 2008-09)
Ahmednagar
Sr.
No
.
Tahsils
2006-07 2008-09
No. of
Co-op
Dairy
Societies
Annual
Milk
Collection
(000 liter)
No
. o
f C
old
Sto
rag
eCapacity of
Cold Storage
(000 liter)
No. of Co-
op Dairy
Societies
Annual
Milk
Collection
(000 liter)
No
. o
f C
old
Sto
rag
e
Capacity
of Cold
Storage
(000
liter)
1. Akole 209 204.41 2 20 219 22210 2 60
2. Sangamner 245 658.38 1 100 246 83742 1 100
3. Kopargaon 132 292.66 1 100 138 42836 1 100
4. Rahata 122 394.23 1 100 120 9620 2 140
5. Shrirampur 108 90.96 0 0 99 4093 0 0
6. Newasa 110 206.49 1 50 107 26508 1 50
7. Shevgaon 149 50.28 1 10 139 5725 1 10
8. Pathardi 289 132.77 2 30 278 13171 2 30
9. A'Nagar 239 90.34 3 120 222 2578 3 120
10. Rahuri 191 101.92 1 20 186 9307 1 20
11 Parner 314 166.68 2 20 311 12546 2 20
12. Shrigonda 186 129.09 1 20 178 8182 1 20
13. Karjat 491 296.09 2 30 453 15443 2 30
14. Jamkhed 128 93.35 1 20 126 2345 1 20
Total 2913 2907.65 19 640 2822 258306 20 720
Source : District Dairy Development Officer Ahmednagar
Table reveals that,
-
1. No. of co-operative dairy societies are decreased from 2913 in
2006-07 to 2822 in 2008-09.
2. Milk production (Annual) increased from 2907.65 (000' liters)
in 2006-07 to 258306 in 2008-09. No. of cold storage units are
also increased in 2008-09 to 20. The capacity of cold storages
is improved. In 2006-07 capacity of cold storage was 640
(000' liters) which was increased to 720 (000' liters) in 2008-
09.
In last few decades, dairy animal rearing for milk production
was emerged as important allied activity of farming in Ahmednagar
district. Due to low land holding, farmers find it difficult to make up
their daily essential needs. Hence, cow-buffalo rearing is developed
as fixed monthly or fornightly, income source for farmers. Now-a
days farmers with 1 or 2 acres of land, cultivate fodder in the farm &
used it for their cows in milk. These co-operative dairies, provide
assistance to farmers to meet their bare necessities.
5.2.21. Role of CBI in Agriculture Development :
In Ahmednagar district, CBI is central authority to monitor the
lead bank scheme as a 'Lead Bank'. In agriculture sector, finance is
provided by CBI, various schemes are implemented by the bank. The
important role of CBI in the agriculture sector development is
discussed below-
1. Agriculture Finance:
As per RBI regulation, under priority sector percentage,
agriculture is the most vital sector to which banks are financing.
As shown in point 5.2.5, maximum weightage of district plan is
given to agriculture sector. CBI has also given maximum
-
weightage to agriculture sector (point 5.2.9). The CBI's
agriculture finance is divided into two sectors - agriculture and
allied activities. The detailed agriculture finance is discussed
below -
a. Crop Loan : Under Crop Loan, CBI is financing to crops
like paddy, wheat, jowar, bajra, millet, groundnut,
oilseeds, pulses, cotton, tobacco, sugarcane, vegetable
and miscellaneous. In the table 5.2.11, 10 yrs (2001-02 to
2010-11) crop loan finance of CBI is given. CBI has
highest achievement percentage in crop loan sector.
(Table 5.2.8)
b. Minor Irrigation : Under MI, CBI is financing to dug
well, bore wells with pumps, IP sets, drip sets, lift
irrigation. It is useful to develop the farming and
mechanization of farming. CBI's finance to MI is
increased from Rs. 368.66 in 2001-02 to Rs. 136673
('000) in 2010-11 (Table 5.2.11)
c. Land Development : Under LD, CBI is financing to land
reclamation, watershed development and land leveling. In
table 5.2.11, land development finance is increased from
Rs. 3402 in 2001-02 to Rs. 51171 in 2010-11 These loans
are useful for land development.
d. Farm Mechanization : Under FM, CBI is financing to
tractors, power tillers, FM miscellaneous. CBI's finance
increased from Rs. 48440 in 2001-02 to Rs. 122953 in
2009-10 (Table 5.2.11). These vehicles and equipments
are useful for agriculture and horticulture farming.
-
e. Plant and Horticulture : Under PH, CBI is financing to
Mango, grapes, pomegranate, sweet lime and sericulture.
In table 5.2.11, PH finance of CBI is increased from Rs.
11857 in 2001-02 to Rs. 45191 in 2010-11.
f. Other : CBI is also financing to purchase bullock,
bullock cart, bio gas plant under other finance. As per
table 5.2.11, amount of finance is increased from Rs.
150724 in 2001-02 to Rs. 663654 in 2010-11.
CBI has financed to above all sectors of agriculture
and has achieved a good percentage of achievement. (Table 5.2.8
and 5.2.9).
2. Allied Activities :
Activities allied to agriculture is important part of total
agriculture. These are the activities, which are not directly
attached to agriculture but supplementary to it. CBI is financing
to these activities under various heading. In Ahmednagar district,
these activities are developed in a large scale.
a. Dairy Development : Under DD, CBI is financing to
purchase cows (hybrid) and buffalos, for milk production
purpose.
Table 5.2.12 shows tremendous increase in CBI's finance
from Rs. 30526 in 2001-02 to Rs. 4,28,961 in 2010-11
(more than 12 times).
Table 5.2.19 and 5.2.20 are showing the milk production
and achievement of co-operative dairy societies in
Ahmednagar district.
-
b. Poultry Farms : Under PF, CBI is financing to broiler
(commercial), and layer (commercial) poultry birds
farms. Table 5.2.12 shows increase in CBI's finance from
Rs. 3360 in 2001-02 to Rs. 33,097 in 2010-11 (more than
10 times).
c. Sheep / Goat / Pig Rearing : Under SGP, CBI is
financing to sheep, goat and pig rearing farms. Table
5.2.12 shows 6 times increase in CBI's finance i.e. from
Rs. 15266 in 2001-02 to Rs. 86250 in 2010-11.
d. Fishery and Forestry : CBI is financing to fish ponds,
reservoir, reverie under fishery and farm forestry under
forestry heading (Table 5.2.12).
e. Storage (Market Yards) : CBI is financing to cold
storage units, market yard construction under storage
(MY) heading. Table 5.2.12 shows that, CBI's finance to
storage is increased by more than 45 times. In 2001-02 it
was Rs. 2340, which increased to Rs. 1,07,979 in 2010-
11.
3. Modernization of Agriculture :
CBI is providing assistance to new technology and
mechanization of farming under various heads like FM, MI,
storage, DD, PF. The machines, vehicles for transport, vehicles for
farming, drip / sprinkler, pump sets, power tillers are financed by
the bank. With the help of above equipments and techniques
agriculture activity becomes easy and effective. CBI's finance to
such techniques is also helpful for farmers to improve his standard
of living.
-
4. Changes in Cropping Pattern :
As discussed in points 5.2.14, 5.2.15 and 5.2.16, the
cropping pattern of the district has been changed in last few
decades. It shifts from traditional crops to cash crops. It is not only
because of climatic changes but also due to social requirements and
financial availabilities. CBI has changed its finance structure as per
the changing cropping pattern. Bank has increased finance of cash
crops and allied activities. Table 5.2.10 shows that, in 2010-11.
CBI's finance for allied activities is more than agriculture sector.
5. Rural Infrastructure Development :
CBI is providing finance to cold storage units, scientific
onion sheds, poultry farms, dairy farms, bio gas plants, green
house, drip / sprinkler sets, land leveling, housing, pipeline
projects. It means indirectly CBI is developing the rural
infrastructure of farmers. The water supply, house, land,
technology are basic infrastructure needs farmers which are
provided by CBI.
6. Rural Self - Employment :
Due to CBI's finance to allied activities like dairy
development, poultry farms, SGP, Fishery, horticulture storage.
Rural youth is involved in these activities and self-employment
opportunities for rural youth is increased in a large scale.
In this way, CBI is playing vital role in the development of
agriculture sector of Ahmednagar district. The overall development
of Ahmednagar is discussed below.
-
5.2.22. Development of Ahmednagar District (Agriculture
Sector):
Ahmednagar district is geographically largest district of
Maharashtra state. The district have its own characteristics.
Geographically, the district shows variety of climate, soil, land and
cropping patterns. The district is in 'rain shadow' area. District
receives average 566 mm rainfall. 5 Hence, Ahmednagar district is
called scarcity zone except Akole block. All other 13 blocks are in
scarcity zone. But due to advanced technology of irrigation and 3
major projects of irrigation viz. upper Godavari, Pravara and Mula in
northern part of district and Ghod and Kukadi projects of southern
district maximum land is irrigated.
In the district, there are 6-8 lakh farming families, out of these
32.45 percent farmers are having less than 2 ha land holding, 57.89
percent farmers are having land holding between 2-10 ha and 9.66
percent farmers have a land holding with more than 10 ha. It means,
land holding of farmers in the district is very less. Hence, farmer
have to start allied activities like goat-sheep rearing, poultry, dairy to
manage his daily needs.
Farmers of Ahmednagar district have changed their farming as
per the changing climate. In last two decades, rainfall in the district
is decreased and fluctuating, in such conditions, traditional crops can
not survive. Hence, farmers have changed the cropping pattern of
90% of the district, which is shown in table 5.2.15. Traditional crops
of the district were grains, cereals, pulses and sugarcane.
Due to fluctuations in rainfall, it is not possible to sow cereals
and pulses, hence, small farmers turned to vegetables like tomato,
-
brinjal, green peas and fodder for animal husbandry, which gives
them monthly income through milk production.
Farmers from drought affected area turned to oilseeds like
soyabean and allied activities like poultry and dairy. With the help of
drip and sprinkler irrigation system, farmers have irrigated their
lands for farming. Banking institutions like Central Bank of India is
providing finance to such projects.
Medium and large farmers are turned to expensive crops like
pomegranate, grapes and sweet lime. For such horticulture crops,
heavy investment is necessary. Those farmers having irrigation
facilities are installing such horticulture farms of these fruits. Easy
availability of market and export facility is the main reason behind
these farming.
The district economy is mainly dependant on co-operative
sector. Ahmednagar is a pioneer district in co-operative development
and in upliftment of sugarcane cultivators through the sugar
factories. Similarly, dairy co-operatives have also developed as a
secondary movement for the benefit of dairy farmers. 18 co-
operative sugar factories, 9534 co-operative societies, 2799 co-
operative dairy societies and 4 fruit and vegetable co-operative
societies are the backbone of the district providing impetus to the
rural economy. 6
In last few years, due to assurance of prices and fair rates,
sugarcane producers are increased. Various farmers are turned to
cotton-crop. Farmers from Sangamner, Shrirampur, Newasa,
Shevgaon are turned to cotton crop due to suitable weather
conditions.
-
Dairy co-operative movement is important movement in the
district. 2799 dairy co-operative societies are working in the district.
There are various co-operative milk processing and milk products
projects like, Rajhans, Krushnai. Ahmednagar district is on first
position in milk production in Maharashtra. 7 Hence, various farmers
have adopted dairy farming as their major business and converted
their agricultural land into fodder plots.
Central Bank of India was introduced in agriculture sector of
Ahmednagar district as lead bank of the district in 1969. Since then,
district has seen various revolutionary changes in agriculture,
farming, co-operative sector, dairy co-operative sector, adoption of
new crops by farmers and Central Bank of India was witness of all
these changes of agriculture sector as an important financial source
of the district.
Since 1969, Central Bank of India as a lead bank designed
various plans, programs, budgets for Ahmednagar district. These
plans and programs were designed as per requirement of the farmers.
Bank has financed to advanced technology products like drip and
sprinklers, green house, poly house, vehicles like tractors, power
tillers and basic needs like pipeline, well construction, tube well,
crop loan, kisan credit cards. Central Bank of India has also financed
to rural youth to install agro based processing industries by financing
to them.
Central Bank of India has wide network of 61 branches in
Ahmednagar district which are serving agriculture needs of the
farmers. As a lead bank, it is also obligatory on the bank to finance
to agriculture sector as per priority percentage out of total annual
plan. Shrigonda branch of Central Bank of India was the first rural
-
branch of nationalized banks which was established in 1969. This
branch is purely agriculture oriented branch.
The farmers from Ahmednagar district shows a special
characteristic of high aspiration towards adoption of new
technologies. Small farmers are also accepting high risk project
challenges and many of them get success in these projects.
The agricultural sector development can be defined only
with the scene of small farmers. Small farmers having 2 or 3 acres of
land holding is also successful in managing his daily needs because
of tremendous growth of allied activities of agriculture and changing
attitudes of farmers as per changes in climate, economy, society and
technology.
-
5.3. Business Sector :
Business, as a subject of formal study, merits attention and
acquires importance in our society. Business is regarded as an
integral part of society because, the largest number of people
remains engaged in this branch of human activity. It is essentially an
economic activity, but it can not be carried on in isolation from
society, but it is an activity carried on by the people (entrepreneurs
and managers), through the people (employees), for the people
(consumers and society at large).
"Business is an economic activity involving the production
and distribution of goods and services with the object of earning
profits through the satisfaction of human wants" - Prof.
Stephenson 8
There are two broad categories of the business activities.
Business
Commerce Industry
Trade Services (Aids to trade)
'Industry' is the branch of business which is concerned with
the production of goods and services.
-
'Commerce' is concerned with distribution of goods and
services. To provide produced commodities to consumer, certain
ancilliary services are necessary, hence commerce includes 'Trade'
and 'Ancillary Services'.
Hence, business sector includes all activities of manufacturing,
trading (purchase and sales of goods) and services. Business
activities range form making the material available for production of
goods to actual production of goods and then making the goods
available for distribution.
Ahmednagar district is Maharashtra's most advanced district in
many ways. It has maximum number of sugar factories and has
given message of 'Rural prosperity through co-operation' to the
country half century ago. The first co-operative sugar factory was
established at Pravanagar. In respect of sugar industries and sugar
products, Ahmednagar is the top district of Maharashtra state.
'In Ahmednagar district there are 681 registered industries
providing jobs to 24641 workers.' 9 'There are 18 sugar factories, 75
large and medium scale industries and 2888 small scale industries
producing variety of products.' 10
'In Ahmednagar district, there are 6 MIDC, where total 2439
units were developed and 4 co-operative industrial estates in which
total 523 units are in working condition.' 11
Due to such development of industrial sector and population,
trading and services activities are also increased in a large scale in
the district. 'In last 10 years, tremendous increase was seen in
trading, merchandise and services. Today, there are 36203 trading,
-
13275 mercantile institutes providing goods and services to
customers.' 12
Hence, business sector of Ahmednagar district is developing
and the important role in this development is played by banking
institutions like Central Bank of India.
5.3.1 Central Bank of India and Business Sector :
As a part of 'Swadeshi Movement', Central Bank of India was
established in 1911 as a purely 'Indian Bank'. The basic objectives
behind its establishment was to serve the local people, and now it
has completed its successful centenary progress. "Today, bank is on
sixth position in its business and on third position for its large branch
network." 13 Bank was established in Ahmednagar district in 1969-
70 at 'Shrigonda' as first rural branch and at Ahmednagar as urban
branch.
Bank is providing financial assistance to business sector since
its establishment in Ahmednagar district. Ahmednagar branch is
purely urban and 100% business sector branch (it means branch is
providing finance to industry, trading, services etc). Nagapur branch
was established in 1979, which is located at MIDC and are providing
finance to industry, trading and service activities. Out of 61 branches
in Ahmednagar, 16 branches are semi-urban branches situated at
tahsil places, provide finance to business sector all over the
Ahmednagar district.
As a lead bank and also as a commercial bank, Central Bank of
India is playing vital role in financing to business sector activities.
Under lead bank scheme, it provide finance to small scale industries,
-
trading activities and to services. For business sector, bank has
arranged various plans, schemes and programs.
5.3.2 Central Bank of India's Schemes for Business Sector :
The Central Bank of India was formed on 21st December, 1911.
On its first day, a large number of merchants visited the bank
officers and over 70 current accounts totalling a lakh and half rupees
had been opened within a week. Currently on Dec. 2011 Central
Bank of India has a wide customer base. Its branch network includes
3976 branches, 1478 ATMs in India. 14
Central Bank of India has started various schemes for business
sector titled with pre-fix of 'Cent' -
1. Cent Sahyog : For MSE sector (Manufacturing and
Services), under this scheme, bank finances upto Rs. 100.00
lakhs per borrower and borrower has to contribute 10 percent
upto 10 lakh, 15 percent upto 50 lakh and 20 percent above 50
lakhs as his margin, with base rate 1 percent, 1.5 percent and 2
percent rate of interest respectively.
For Cent Sahyog scheme, Central Bank of India was
honoured by "Golden Peacock Award 2011" sponsored by
institute of Directors. 15 This scheme is most successful and
popular scheme amongst borrowers.
2. Cent Kalyani : To encourage and empower women
entrepreneurs, this scheme is specially introduced to offer
financial assistance to women entrepreneurs for economic
pursuits in industry, agriculture and allied activities, business /
profession etc. Credit facilities are available for women
-
entrepreneurs to start, small business, retail trade, village and
cottage and tiny industry, SSI, Agri and allied activities etc.
3. Cent Vyapari : Under this scheme, finance in the form of
cash credit against paid stock and receivables (upto 90 days)
upto maximum of Rs. 20 Lakh per borrower, is given to all
types of traders including retailers and distributors. A