Saturday, August 26, 2017

COMMENTS NO: YEAR/2015/1079

"PANCHAYAT PRADHAN:'To retain the votes of farmers in Bengal, our TMC party has decided to provide Kisan Credit Cards to all the Farmers. Even the BDO of our area has supported this social initiative. You don't have to open any Loan Account for the farmers. Just give them the Kisan Credit Cards. These farmers will just punch those Credit Cards to withdraw money from ATM Machines.' BANK MANAGER OF A NATIONALIZED BANK:'Bank is a Financial Institution not a social or political organization. A Bank is like a Shop which sells Financial Instruments. As a shop-keeper, will you sell a product on credit to that customer again who has not repaid back the money for buying a product on credit from your shop? The answer is a Big No. Similarly, Bank will not give any agriculture loan to a defaulter farmer. Side by side, it is totally under Bank's discretionary power to judge and decide about the eligibility of a borrower to get a loan from the Bank. Moreover, KISAN CREDIT CARD is the name of the agriculture loan, it is not a Credit Card or Debit Card. Before doing politics by using any Financial Institution, please have some idea about the basic concepts of Banking, Finance and Economy.'"-Arindam Sain

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