Bank distributes loans to beneficiaries

LOHARDAGA: United Commercial Bank (UCO) zonal manager GC Bhaumik distributed loan and assets worth Rs 71 lakh among 31 beneficiaries in a camp at its district branch near Barwa Toli Chowk here on Monday. Loans and assets were distributed under various financial schemes included cash credit, education loan, besides loan for clinic, autorickshaw and tractors.
Bhaumik along with deputy circle officer M Mandal and UCO branch manager Manoj Kumar distributed keys of the assets and cheques against the amount sanctioned.
Speaking on the occasion, Bhaumik said all banks had been issued instructions to focus on financial inclusion of women and give priority to loans demanded by women SHGs. "This is because we want to uplift the socio-economic life in rural areas to help women connected to any SHG who are interested to do something to increase their income." he said adding that the bank has dispersed 4,429 Kisan Credit Cards worth Rs 856 crore in the state," he said.
"We are also encouraging small vendors to increase their income by availing loan under General Credit Card (GCC) worth Rs 25,000 each," he added.
The Lohardaga branch of UCO will soon have ATM facility.