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Utt'khand Minister launches massive "bad-loans-collection" campaign


In a bid to strengthen the co-op banks of the state, Uttarakhand Cooperative Minister Dhan Singh Rawat has launched a debt collection campaign for recovering up to Rs 850 crore worth bad loans from the borrowers who have taken from State Cooperative Bank and different District Central Cooperative Banks of the state.
The Minister instructed the representatives of SCBs and DCCBs to recover the bad loans and in this regard several meetings have been conducted. The meeting of top 20 big defaulters with the Minister revealed that defaulters owe over Rs 300 crore.
Tehri Garhwal District Cooperative bank is on top of the list, whose NPA is more than that of other co-op banks. Uttarakhand State Cooperative Minister warned that if the borrowers failed to clear the outstanding dues till 10th March 2021, strict action will be taken against them. ....

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