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Saturday, September 5, 2009
Sanjeev Babar, I)(;M, Maharashtra State Cooperative Bank (~fS( ) said that Rs 3,723.72 cr was the total amount of outstanding of loans at the end of March 2009 from 102 sugar factories in the state. The total amount of outstanding of loans at the end of March 2008 from 102 sugar factories in the stale was Rs 3,853 cr. Assistance for working capital was given to 5--1- factories in 2008-09 and to 64 factories in 200708. !vIse Bank prOVides direct finance to cooperative processing units like sugar factories. The bank also takes care of the loan documentation including obtaining of third party guarantees and creation of charge on the immovable assets as per the terms of sanction.
The bank embarked on an extensive credit rating program based on financial parameters of the borrower and its technical and managerial competitiveness. Based on the various parameters, out of the 16 good borrowing units that were selected in 200809, there were six prominent sugar mills viz, Vishwasrao Naik SSK Lld (Sangli), Shri Shahu Chatrapati SSK (Kolhapur), Samarth SSK Ualna), Shri Sant Tukaram SSK (rune), Bhima Takli Sikander SSK (Solapur) and Shri Vighnaher SSK (Pune). These units were felicitated by awarding certificates on the occasion of 97th AGM of the bank.
Babar further said that up to 30 June 09, region wise outstanding of loans for specific purpose in respect of 91 sugar factories is as follows: Aurangabad region Rs 481.14 cr, Kolhapur Rs 56:~.9--1- cr, Nagpur Rs 1,12.05 cr, Nanded Rs 5,47.77 cr, Nashik Rs H 1.1 I cr and rune Rs 787 cr.
The bank embarked on an extensive credit rating program based on financial parameters of the borrower and its technical and managerial competitiveness. Based on the various parameters, out of the 16 good borrowing units that were selected in 200809, there were six prominent sugar mills viz, Vishwasrao Naik SSK Lld (Sangli), Shri Shahu Chatrapati SSK (Kolhapur), Samarth SSK Ualna), Shri Sant Tukaram SSK (rune), Bhima Takli Sikander SSK (Solapur) and Shri Vighnaher SSK (Pune). These units were felicitated by awarding certificates on the occasion of 97th AGM of the bank.
Babar further said that up to 30 June 09, region wise outstanding of loans for specific purpose in respect of 91 sugar factories is as follows: Aurangabad region Rs 481.14 cr, Kolhapur Rs 56:~.9--1- cr, Nagpur Rs 1,12.05 cr, Nanded Rs 5,47.77 cr, Nashik Rs H 1.1 I cr and rune Rs 787 cr.
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