Latest News | Himachal CM Inaugurates 22 New Branches of HPSCB

Shimla, Mar 6 (PTI) Chief Minister Sukhvinder Singh Sukhu on Wednesday inaugurated 22 new branches of Himachal Pradesh State Cooperative Bank (HPSCB), and launched two new plans -- One-Time Resolution Scheme and a Loan Scheme for developing high-density apple orchards.

The chief minister also launched the online link for the recruitment of 232 clerical posts to be filled by the bank. The new branches - Samarkot, Jharag/Nakradi, Parala, Dhamandri, Mehandli, Jarol, Janeharghat, Upper Kaithu, Khatnol, Nihri, Chai Kadora, Syanj, Bharari, Mandap, Dhar-Tottoh, Lohat, Awah, Chhatradi, Halah, Haripurdhar, Timbi and Chango -- were launched from Shimla virtually, a statement issued here said.

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He said that under the 'One Time Resolution Scheme', loan defaulters, who were not able to repay their due loans in time and whose loan accounts were declared as non-performing assets by the bank as of December 31, 2023, would now be eligible to settle their loan cases by making a one-time payment.

Sukhu said that under the 'Loan scheme', the apple orchardists would be offered loans up to Rs 8 lakh per bigha, with a maximum loan limit of Rs 50 lakh, to promote new technology in high-density apple plantation and production of new varieties.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)