BoB to set up farmers? training institute | india | Hindustan Times
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BoB to set up farmers? training institute

THE BANK of Baroda (BoB) has decided to set up a farmers? training institute (FTI) at Mainpuri in Uttar Pradesh. Announcing this at a news conference here on Wednesday, Dr Anil K. Khandelwal, BoB chairman and managing director said the State government had already allocated land for setting up the institute. He added that the bank was also firming up plans to set up a rural development employment institute in eastern UP.

india Updated: Feb 02, 2006 01:10 IST

THE BANK of Baroda (BoB) has decided to set up a farmers’ training institute (FTI) at Mainpuri in Uttar Pradesh.

Announcing this at a news conference here on Wednesday, Dr Anil K. Khandelwal, BoB chairman and managing director said the State government had already allocated land for setting up the institute. He added that the bank was also firming up plans to set up a rural development employment institute in eastern UP.

Khandelwal was in the city to attend the State level Bankers Committee (SLBC) meeting of which BoB is the convenor in Uttar Pradesh.

He said the FTI would educate farmers on improving agricultural productivity besides providing training in many other areas related to the farm sector.

Khandelwal said that special SLBC meetings would be held with focus on development of small and medium enterprises (SMEs) in the state. The first such SLBC meeting on SMEs would be convened before September 2006, he said adding that the meeting would enable the State government to devise strategies for further promotion of SMEs in the state.The other major decision taken at the SLBC meeting on Wednesday was on setting up a task force for augmenting the credit deposit (CD) ratio of banks in various districts of UP where it was below 20 per cent. Currently the overall CD ratio of banks in the state was pegged at 42 per cent, Khandelwal said.