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Bihar government to raise Rs 6,000 crore from banks for paddy procurement | Patna News

usscmc by usscmc
December 25, 2020
Bihar government to raise Rs 6,000 crore from banks for paddy procurement | Patna News
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PATNA: The state cabinet on Tuesday gave its nod to the food and consumer protection department to raise Rs 6,000 crore as working capital through loans from various commercial banks for the Bihar State Food Corporation Limited.
The loans have been raised by the food and consumer protection department against paddy procurement from November 23 this year to July 31, 2021.
Further, the state cooperative department has raised loans worth Rs 3,500 crore from various financial institutions for Bihar State Cooperative Bank Limited (BSCBL) to meet the Kharif crops expenses for the 2020-21 financial year.
The state cabinet gave its sanction to the government’s guarantee of raising of loans from the institutions concerned by the cooperative department. They include National Cooperative Development Corporation (NCDC), National Bank for Agriculture and Rural Development (NABARD) and other financial institutions.
The cabinet gave its sanction to the adjustment of loans worth Rs 18.05 crore taken from NCDC by the cooperative department till January 5, 2021. Accordingly, the cabinet gave its nod for the advance withdrawal of the required sum from the state contingency fund for the adjustment of the loan capital worth Rs 18.05 crore and interest accrued on it worth Rs 26.02 crore.
The cabinet also gave its sanction for 205 posts for the sub-divisional courts, police outpost, Bihar Rajya Pool Nirman Nigam Limited (BRPNNL) and building construction department.
The government has decided to create as many as 128 posts of non-gazetted employees in the sub-divisional courts Neemchak Bathani and Manihari (Katihar), Phulparas and Jainagar (Madhubani), Rajauli (Nawada), Mahua (Vaishali), Nirmali and Triveniganj (Supaul). Further, 32 posts have been created for new police outposts to be opened in Gaya district, while one post of IT manager for BRPNNL and 44 other posts in the building construction department have been created.
The cabinet gave its nod for making the payment ex gratia to the personnel concerned engaged during the Lok Sabha and assembly polls, as well as during the by-elections. The cabinet gave its sanction to the selection of Odisha Industrial Infrastructure Development Corporation for the construction of the guest house on the 0.450 acres of land in ‘Shri Jagannath Enclave’ near Balukhand village at Puri.
The cabinet also gave its nod to the dismissal of a medical officer at the Dhamdaha PHC, Dr Sajjad Haider, for remaining absent from duty since 2006. An assistant engineer in Darbhanga division of the building construction department, S Rehman, has been also dismissed for absenting himself since February 2011.
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