Rajkot cooperative bank has displayed the true spirit of a cooperative bank by becoming farmer-friendly in real sense of the word.It is trying to check farmers’s suicide in its own way.
Saurashtra region of Gujarat is badly affected by drought and this has prompted the Rajkot district cooperative bank to waive interest on loans given to about two hundred thousand farmers.
The total amount of agricultural loans involved is Rs 1225 crore.
There have been reports of farmers committing suicides in the region.
Sources say farmers who have suffered serious financial losses would be provided with additional loan of Rs 20,000 per acre.