(c) Insurance and
Small Savings
Insurance. – Private insurance companies concerned life risk besides marine, fire, motor accidents and miscellaneous risks upto 1956 when Life Insurance Corporation was established in public sector. With the nationalization of life insurance business in 1956, Life Insurance Corporation of India has become the foremost and the largest single agency doing life insurance business in India. Prior to 1956, only the Agents and Inspectors of various insurance companies procured business for their respective insurance companies. Upto 1 April 1959, when a branch of the Life Insurance Corporation of India was opened at Bathinda, the insurance business was carried on by the Inspectors and Agents of the Corporation. To provide better service to the policy holders in the district, the Life Insurance Corporation opened its second branch at Mansa in October 1982. On 31 March 1989, these branches had 6 Class I Officers, 16 Class II Development Officers, 30 Class III and 6 Class IV employees. Besides, 281 Agents were also functioning in the district.
The Life Insurance Corporation of India advances loans to the policy holders, government and semi-government institutions, agencies for different purposes.
These branches now settle claims and payment of loans as it used to be at the office of the Divisional Manager, Chandigarh earlier. The claims are paid by means of post-dated cheque one month prior to the date of maturity of the policy.
The following statement shows the performance of the Life Insurance Corporation of India in the Bathinda District, during 1977-78 to 1988-89 :-
|
Year |
Number of
policies |
Sum assured (Rs) |
|
1977-78 |
1,590 |
2,32,00,000 |
|
1978-79 |
1,669 |
2,64,00,000 |
|
1979-80 |
2,394 |
4,32,00,000 |
|
1980-81 |
2,082 |
4,37,00,000 |
|
1981-82 |
2,083 |
4,85,00,000 |
|
1982-83 |
2,231 |
5,20,00,000 |
|
1983-84 |
1,958 |
4,34,00,000 |
|
1984-85 |
1,705 |
4,05,00,000 |
|
1985-86 |
2,111 |
6,30,00,000 |
|
1986-87 |
3,001 |
10,26,00,000 |
|
1987-88 |
3,672 |
16,24,00,000 |
|
1988-89 |
4,895 |
23,28,00,000 |
(Source: Manager (Planning), Life Insurance Corporation of India, Northern Zone, Divisional Office, Chandigarh)
Before the nationalization of general insurance companies on 1 January 1973, a number of private companies were engaged in the work of general insurance. Besides, the Life Insurance Corporation of India had also started the general insurance business with effect from 1 January 1964. On 1 January 1973, general insurance companies were also nationalised an apex body known as the General Insurance Corporation came into existence. Under the General Insurance Corporation, 4 general insurance companies, viz. the Oriental Fire and General Insurance Company Ltd., the New India Assurance Company Ltd., the National Insurance Company Ltd., are working.
All types of general insurance policies are issued for only one year and are renewable every year. The risks covered under the general insurance are broadly of three types, viz. fire, marine (transportation of goods) and miscellaneous insurance. Under the miscellaneous insurance, there are about 20 to 25 types of insurance including motor and all other types of insurance like fidelity guarantee, aviation insurance, burglary, personal accidents, etc. Besides the above, cattle insurance has also been introduced from the year 1974.
Small Savings. – Small Savings Scheme is a centrally sponsored scheme and is controlled by the Ministry of Finance (Department of Economic Affairs), Government of India. The National Savings Commissioner, Government of India, with his headquarters at Nagpur heads the National Savings Organization and looks after the small savings work in the country. Under his direct control, thee are Regional Directors, National Savings, posted in different States. The Regional Director, National Savings, Punjab is posted at Chandigarh. He is under him five Deputy Regional Directors, National Savings, at Patiala, Ludhiana, Jalandhar, Amritsar and Chandigarh. In each district, there is a District Savings Officer. In some of the important districts, viz. Amritsar, Jalandhar and Ludhiana, however, there are two District Savings Officers. All these officers are under the direct control of the National Savings Commissioner. In the Bathinda District, there is one District Savings Officer at Bathinda.
The Directorates of Small Savings have been set up in the States to ensure better co-ordination between the Central Organization and the State Governments. The Director, Small Savings, Punjab, Chandigarh, is the head of the State Government’s Small Savings Department. At the district level, the District Savings Officer is the co-coordinating agency between the Central Organization and the district authorities in the promotion and growth of the movement. The main advantage to a State under this programme is that out of the money invested by the people in small savings, two-third of its available to the State Government as interest bearing loan from the Government of India for financing developmental activities within the State.
The number of Agents who canvassed and propagated for the small savings scheme on commission basis in the Bathinda District, as on 31 March 1989, was 318.
The gross and net investment under the small savings scheme in the district, during 1977-78 to 1988-89, are given in the following table :-
|
Year |
Gross Investment (Rs) |
Net Investment (Rs) |
|
1977-78 |
3,18,02,000 |
59,59,000 |
|
1978-79 |
2,51,57,000 |
31,96,000 |
|
1979-80 |
4,14,21,000 |
1,72,47,000 |
|
1980-81 |
5,16,16,000 |
2,60,56,000 |
|
1981-82 |
12,33,60,000 |
3,70,69,000 |
|
1982-83 |
4,62,86,000 |
4,88,50,000 |
|
1983-84 |
9,97,69,000 |
6,76,28,000 |
|
1984-85 |
11,40,69,000 |
3,80,11,000 |
|
1985-86 |
11,63,18,000 |
8,15,42,000 |
|
1986-87 |
15,91,22,000 |
12,00,61,000 |
|
1987-88 |
18,96,11,000 |
13,19,72,000 |
|
1988-89 |
25,62,10,000 |
17,37,76,00 |
(Source : District Savings Officer, Bathinda)
The National Savings Schemes offer certain unique facilities including nomination, immediate encashment by nominee on death of account holder; interest accrued on yearly basis for income tax purposes in the case of National Savings Certificates (VI issue) and social security certificates and no tax deduction at source. Amounts invested in these scheme are exempt from Wealth Tax upto Rs 5 lakhs for an individual; and investment made in National Savings Certificates VI and VII Issues on or after 2 April 1983 qualifies for rebate in Income Tax under Section 80-C.
National Savings Certificates. – The Government of India have released National Saving Certificates Series VI and VII. On investment under these certificates, an investor gets income tax exemption under Section 80-C of Income Tax Act, 1961. Further interest paid/accrued is exempted from income tax upto Rs 7,000 per annum. There is no upper limit for investment in these series. These certificates are available in denomination of Rs 50, Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000 in the VII series. In the VI series, Rs 100 invested becomes Rs 190.10 after six years and in the VII series, the investor gets interest at half yearly intervals. The annual rate of interest payable on these certificates is 11 per cent.
Besides, Post Office Time Deposits and Post Office Recurring Deposit Account Schemes are also available.
Indira Vikas Patra. – Under the Scheme, certificate in denomination of Rs 250, Rs 500 and Rs 2,500 can be purchased from post offices. The money invested in these certificates becomes double in 5 years. There is no maximum limits for their purchase and these are freely transferable by one person to another. The duplicate certificates can, however, be issued by the post office only in case of defacement or mutilation of the certificate.
The decimal system of coinage was introduced in the district on 1 April 1957 alongwith the old (British) coins. The old rupee was divided into a half a rupee (dheli or athani), one-fourth of a rupee (pauli or choani), one-eight of a rupee (doani), one sixteenth of a rupee (anna), one-thirty second of rupee (takka), and one-sixty fourth (paise) of a rupee. An anna was equal to 4 pice or 12 pies, there being 3 pies in a pice. Gradually, the old coins were withdrawn from the circulation.
Decimal system of currency and coinage has been adopted by almost all countries in the world. Therefore, with a view to bringing about uniformity and facilitating comparison with currencies of other countries of the world, under this decimal coinage system, coins and paper currency of different denomination are in circulation. Now a rupee consists of 100 paise, with coins in the denominations of 5,10,20,25 and 50 paise. Besides, coins of Rs 1, Rs 2 and Rs 5 are also in vogue. Currency notes are issued in the denominations of 1, 2, 5, 10, 20, 50, 100 and 500 rupees. Earlier, currency notes were also issued in the denomination of 1,000 rupees, but these have been demonetized, w.e.f. 16 January 1978. Simultaneously with other districts of the Punjab, the decimal coinage completely replaced the old coinage in the Bathinda District. In the initial stage of the introduction of the new currency, the public in general and rural masses in particular, faced some difficulties as the old system was deep-rooted in them. In course of time, people have now fully adopted to the decimal system of coinage.
The decimal coinage system has brought about a great transformation in the whole accounting procedure. Undoubtedly, it has made the accountancy and book-keeping much easier, quicker and simpler.
Since, agriculture has been the major occupation of the people, the items of exports from the district were wheat, wheat-flour, gram, bajra, gowara, mustard seed (sarson) and cotton. Wheat, gram and cotton found a good market in the states of Kerala, Tamil Nadu and Maharashtra and some traders of these states had set up their agencies in the Bathinda District to conduct purchases for them. With the opening of spinning mills at Bathinda and Mansa in district Bathinda, at Malerkotla in district Sangrur and at Abohar and Malaut in the adjoining Firozpur and Faridkot districts, some of the cotton produced in the district is being utilized within the State. The main trade markets in the district were Bathinda, Sangat, Goniana, Raman, Maur, Mansa, Budhlada, Baretta, Rampura Phul, Bhucho Mandi, etc. The principal imports of the district were salt, sugar, kerosene, motor spirits, metals, gunny bags, cotton piece goods, warm clothes, and machines. Bathinda carried on wholesale business in cloth. A district wholesale society was organized in the district in 1957. Transactions on behalf of its member societies after charging a nominal commission have been made by it in respect of seed, fertilizers, agricultural implements, insecticides and other inputs. At various intervals, Nafed used to procure potatoes at Rampura Phul Mandi through Markfed.
The usual course of trade for agricultural produce in the district is from the agriculturists to the consumers through the middlemen. There is no direct link between the growers and the consumers. Commission agents (arhtias) whole-sellers and retailers act as middlemen between the growers and the consumers.
The purchasers of the grains gather at the shop of kachcha arhtia and the sale of the commodities starts in open auction and the sale of the commodities starts in open auction under the supervision of the auctioneer appointed by the market committee, through the commission agents turn by turn. Such sales are conducted daily during the hours fixed for this purposes. Kachcha arhtias, who sell the commodities on behalf of the products receive commission on fixed rates permissible under the bye-laws of the market committee. The delivery of the goods is made at the soap of the kachcha arhtia and the purchaser himself arranges for their carriage to his premises at his own cost. The kachcha arhtia pays the sale price to the seller immediately after the transaction is completed.
(i) Regulated Markets
The Punjab Agricultural Produce Market Act, 1961, provides for the establishment of market for agricultural produce in the State and for better regulation of its sale and purchase. The object of the regulated market is to regularise the purchase and sale of agricultural commodities with benefits to the sellers as well as to the buyers. The producers are provided with the market intelligence and storage accommodation. Market practices relating to the bidding, weighing and delivery of goods are regulated and payment of the actual value to the cultivators is assured.
Each village of the district has been attached with one market or the other and he provisions of the act are applicable to the whole of the area where transaction, delivery and weighment are done. Each market committee has a principal market yard. In addition, there are a number of sub-market yards in towns and big villages.
There are 14 principal regulated agricultural markets in the district at Baretta, Bathinda, Bhucho, Budhlada, Goniana, Mansa, Maur, Raman, Rampura Phul, Sangat, Bhagta Bhai Ka, Bhikhi, Talwandi Sabo, and Sardulgarh. In these regulated markets, the main commodities for which transactions usually take place are wheat, bajra, gram, barley, maize, paddy, oil-seeds, cotton, etc.
(ii) Fairs and other Rural Marketing Centres
Fairs. – A number of religious, social, recreational and seasonal fairs and festivals are held in the district at various places. Besides normal activities at a fair, may kinds of trading activities also take place. The important fairs and festivals held in the district are mentioned in Chapter III ‘People’.
Cattle Fairs. – These fairs are of great advantage to the agriculturists as they facilitate the sale and purchase of cattle. These are also a source of income to the Government by way of a fee charged on the sale/purchase of cattle. Such fairs are held at Bathinda, Rampura Phul, Mansa, Baretta, Raman, Maur, Jhunir, Bhucho, Budhlada, Bhai Rupa and Kot Fatteh. At Bathinda proper, cattle fair is held weekly but at Mansa, Maur and Rampura, cattle fair is held generally every month.
(i) Co-operative Marketing
Keeping in view the malpractices suffered by the cultivators in the marketing of agricultural produce, the need for co-operative marketing of agricultural produce, the need for co-operative marketing was felt and a number of such societies were set up. At present, almost all the regulated markets and sub-market yards are served by a co-operative marketing society. The cultivators can now store their produce in the godowns of these marketing societies. Previously, they had to dispose it of immediately after harvesting. At the district level, District Co-operative Wholesale Marketing Societies have been organised for coordinating the activities of primary marketing societies. At apex level, the Punjab State co-operative Supply and Marketing Federation (MARKFED) federated these institutions. The District wholesale Co-operative Marketing and Supply Society at Bathinda was registered on 15 July 1957 with membership of 30 (9 societies and 21 individuals) and share capital of members of Rs 1,500 (Rs 450 societies and Rs 1,050 individuals). During 1988-89, its membership was 7,526 with a share capital of Rs 9.06 lakhs and the functions of the District Wholesale Co-operative Marketing and Supply Society were managed by the administrator. The society opened the following co-operative marketing societies which are functioning in the district :-
|
Sr. No. |
Name of Society |
Date of registration |
|
1. |
The Bathinda Co-operative Marketing-cum- Processing Society Ltd., Bathinda |
11 October 1956 |
|
2. |
The Goniana Co-operative Marketing-cum- Processing Society Ltd., Goniana |
25 November 1958 |
|
3. |
The Rampura Phul Co-operative Marketing-cum- Processing Society Ltd., Rampura Phul |
22 August 1959 |
|
4. |
The Sangat Co-operative Marketing-cum- Processing Society Ltd., Sangata |
7 May 1966 |
|
5. |
The Bahia Co-operative Marketing-cum- Processing Society Ltd., Mandi |
25 November 1955 |
|
6. |
The Mansa Co-operative Marketing-cum- Processing Society Ltd., Mansa |
9 February 1960 |
|
7. |
The Sardulgarh Co-operative Marketing-cum- Processing Society Ltd., Sardulgarh |
5 April 1972 |
|
8. |
The Budhlada Co-operative Marketing-cum- Processing Society Ltd., Budhlada |
16 October 1960 |
|
9. |
The Bareta Co-operative Marketing-cum- Processing Society Ltd., Bareta |
9 April 1962 |
|
10. |
The Raman Co-operative Marketing-cum- Processing Society Ltd., Raman |
31 January 1958 |
|
11. |
The Maur Mandi Co-operative Marketing-cum- Processing Society Ltd., Maur Mandi |
24 February 1961 |
The present marketing system in the district is controlled by the private traders, commission agents, etc. and the role of the co-operative marketing is insignificant as it did not make much headway in marketing the produce of farmers. In recent years, co-operative marketing societies have loaned heavily on business provided by the government. The income of the co-operative marketing societies from pucca arhtia’s business, purchase of sugar, fertilizer, seeds, insecticides, etc. has gone up.
A number of godowns have been constructed by the co-operative marketing societies mostly with the help of National Co-operative Development Corporation (NCDC) both in rural and urban areas, where storage facilities are provided to the members. These godowns are of much use in collecting the produce of cultivators in rural areas, and arrangements are made for its transportation to the nearest marketing society. The storage charges in these godowns are quire nominal.
The work done by the co-operative marketing societies in the district, during 1977-78 to 1988-89, is shown in Appendix IV at page 217.
(ii) Co-operative Consumers’ Stores. – As on 31 March 1989, there was only one co-operative consumers’ store in the district, namely the Bathinda Central Co-operative Consumers’ Store Ltd., Bathinda. It was registered on 8 July 1963 and it started functioning on 1 September 1963. Its aims are to ensure fair distribution of various commodities to the consumers at reasonable rates. On 31 March 1989, it was running 5 branches at different places in the district.
The membership of the store, as on 30 June 1989, was 7,407 with a paid-up share capital of Rs 4.30 lakhs (Rs 35.42 lakhs by individual and societies and Rs 0.88 lakhs by government).
Fluctuation in the price of foodgrains necessitated the adoption of State Trading in wheat and other essential commodities. This helped to maintain price level which was fair both to the producer and the consumer. The extent of procurement basically depended on the extent of product.
The State Trading Scheme in foodgrains was introduced in the Bathinda District alongwith the rest of the State in 1958-59 to provide essential commodities to the consumers at reasonable rates. On 31 March 1989, there were 110 fair price shops functioning in urban areas and 556 in rural areas of the district. The State Trading in foodgrains was introduced in the State during 1959. The total quantity of foodgrains purchased by the Food and Supplies Department under this scheme in the Bathinda District, during 1977-78 to 1988-89, is given as under :
|
Year |
Quantity
purchased (Tonnes) |
|
1977-78 |
72,605 |
|
1978-79 |
61,469 |
|
1979-80 |
84,863 |
|
1980-81 |
67,727 |
|
1981-82 |
86,370 |
|
1982-83 |
1,07,817 |
|
1983-84 |
1,27,552 |
|
1984-85 |
1,08,660 |
|
1985-86 |
1,32,626 |
|
1986-87 |
1,03,697 |
|
1987-88 |
48,662 |
|
1988-89 |
50,885 |
(Source : District Food and Supplies Controller, Bathinda)
(e) Merchants and Consumers’ Associations for the Dissemination of Trade News
(i) Merchants’ Association. – The following merchants associations have been formed to protect the interest of their members in the district :-
1. Wholesale Cloth Merchants’ Association, Bathinda
2. Retail-sale Cloth Merchants’ Association, Bathinda
3. Wholesale Karyana Merchants’ Association, Bathinda
4. Wholesale Karyana Merchants’ Association, Bathinda
5. Wholesale General Merchants’ Association, Bathinda
6. Retail-sale General Merchants’ Association, Bathinda
7. Retail-sale Iron Merchants’ Association, Bathinda
8. Retail-sale Paint Hardware Merchants’ Association, Bathinda
9. Retail-sale Shoe Merchants’ Association, Bathinda
10. Bathinda Swarankar Association, Bathinda
11. Automobile Spara Parts Merchants’ Association, Bathinda
12. Chemist & Druggist Wholesale Merchants’ Association, Bathinda
13. Halwai and Tea Stall Owners’ Association, Bathinda
14. Vegetable Market Commission Agents’ Association
15. Flour Mill Owners’ Association, Bathinda
16. Kachcha Arhtia Association, Bathinda
17. N.F.L. Employees’ (Primary) Consumer Society, Bathinda
18. Retail-sale Cloth Merchants’ Association, Mansa
19. Retail-sale Karyana Merchants’ Association, Mansa
20. Kachcha Arhtias’ Association, Mansa
21. Mansa Halwai and Tea Stall Owners’ Association, Mansa
22. Retail-sale Cloth Merchants’ Association, Rampura Phul
23. Retail-sale Karyana Merchants’ Association, Rampura Phul
24. Retail-sale Kachcha Arhtia Association, Rampura Phul
25. Automobile and Spare Parts Merchants’ Association, Rampura Phul
26. Vapar Mandal Association, Bathinda
27. Kachcha Arhtia Association, Bhucho
28. Kachcha Arhtia Association, Goniana
29. Retail-sale Karyana Merchants’ Association, Goniana
(ii) Market Intelligence. – Both the buyer and the seller must be well-acquainted with the demand and supply position in order to strike a fair bargain. This will mean from the producers’ side a regulated flow of supplies to the mandis, from the dealers’ point of view adequate arrangement for handling the produce and its storage, and on the transport side availability of the right number of wagons or other means of transport at the required time.
For efficient marketing and right co-ordination of the forces of supply and demand, authentic information about the volume of marketable surplus, prices, arrivals, stocks and movements of the more important agricultural commodities is very essential. Market news about the rates of commodities are disseminated to the public through boards displaying rates outside the offices of the market committees, radio news bulletins, etc. All India Radio, Jalandhar, broadcasts a daily bulletin on rates prevailing in various markets of the State. Market news are also communicated to dealers at different places through correspondence and by telephones.
The following weights and measures were in common use among the people living in the area of the present Bathinda District :-
(a) In urban areas : Maund, 20 seer, 10 seer, 5 seer, 4 seer, 1 seer,
Chhattank, tolas, mashas and ratis.
(b) In rural areas : 2 ¼ man (kachcha) = 1 maund
1 ¼ man (kachcha) = 20 seer
1 man (kachcha) = 16 seer
1 dhari (10 ser kachcha) = 4 seer
1 panjseri (5 ser kachcha) = 2 seer
2 ½ ser (kachcha) = 1 seer
Till 1941, there was no uniform use of standard weights and measures. The weights and measures differed not only from state to state but also from district to district in many respects. With the increase in the commercial and industrial activities in the country, this chaotic state created a sense of uncertainty in trade. This situation made it easy for the traders to defraud their customers. It was remedy to this evil that the Punjab Weights and Measures Act, 1941, which itself was a corollary to the Standard of Weights and Measures Act, 1939, was passed by Government of India. Under this Act, both the systems, viz. the Indian system i.e. tola, seer and maund, and avoirdupois system, i.e. ibscuts; and tons were prescribed.
The square measure was the bighas, equal to five-eights of an acre. The country kos was about one and quarter miles.
All these measures did serve some useful purpose, but the ultimate objective of introducing uniformity in the system of weights and measures was still not fulfilled. Many countries of the world had adopted the metric system of weights and measures, and therefore, for the sake of uniformity in the weights and measures used in international trade and in trade within the country, the metric system of weights and measures was introduced with effect from October 1958, in accordance with the provisions of the Standards of Weights and Measures Act, 1956, passed by the Parliament and the Punjab Weights and Measures (Enforcement) Act, 1958, framed thereunder. In the case of weights, the use of old weights too was allowed for a period of two years and was discontinued from October 1960 when the use of metric weights was made compulsory. In the case of measures, a period of one year was allowed for the measures, previously in vogue and from April 1962, metric measures were made compulsory. The use of metric units also became obligatory from April 1962.
To begin with, the public in general and the rural masses in particular did experience difficulty in understanding the new system of weights and measures. To acquaint the people with the metric system of weights and measures, the Government issued pamphlets and displayed posters all over the country explaining in simple language the conversion of old measures into the metric ones. Thus, in due course of time, people got accustomed to the use of the metric system of weights and measures.
There are 3 Inspectors, Weights and Measures, assisted by 3 Manual Assistants who verify weights, scales, etc. used in the district.
In villages, people store their produce in bharolas or back-rooms of the residential house, kothas (bins) in the open or in the bags. In markets, the arhtias (commission agents) and co-operative marketing societies maintain their own godowns. The mills and factories also maintain their godowns in their premises to stock the requisite raw material. The godowns maintained by private dealers and co-operative marketing societies were not of desired specifications and there was no organized storage of grains. Keeping in view the need for scientific and organized storage of grains, the agriculture Produce (Development and Warehousing) Corporation Act, 1956, was passed. It was replaced by the Warehousing Corporation Act, 1962, under which Warehousing Corporation was established.
The Punjab State Warehousing Corporation was set up in January 1958 and after reorganization of the erstwhile State of Punjab in 196, it was reconstituted under the Warehousing Corporation Act, 1962, with effect from 1 November 1967. The Punjab Government and the Central Warehousing Corporation are the two equal shareholders of the State Warehousing Corporation. Its main functions are to provide scientific storage at low charges and arrange for cheap and quick credit facilities against the stored produce; to acquire and build godowns and warehouses at such places with the State as it may, with the previous approval of the Central Warehousing Corporation determine; to run warehouses in the State for the storage of agricultural produce, seeds, manures, fertilizers and notified commodities; to make arrangements for the transport of agricultural produce, seeds, manure, fertilizers and notified commodities to and from warehouses. The Punjab State Warehousing Corporation also acts as an agent of the Central Warehousing Corporation or of the Government for the purchase, sale storage and distribution of agricultural produce, seeds, manure, fertilizers and notified commodities.
The Central Warehousing Corporation and the State Warehousing Corporation have acquired expertise in scientific preservation of agricultural and other products. Though functioning on business principle, they provide services at very reasonable rates for scientific storage of agricultural produce, fertilizers and other agricultural inputs. The main benefits which have accrued to the agriculturists from the warehousing corporation are :
(a) scientific storage of their produce in rat-proof, dump-proof and leak-proof godowns. Stocks remain pest-free throughout the period of storage by preventive and curative measures.
(b) cheap credit is available from the scheduled banks on the pledge of warehouse receipt issued by a Warehouse Manager in toke of the stocks stored in his warehouse. This credit is available to the depositors according to the credit restrictions imposed by the Reserve Bank of India from time to time.
(c) agriculturists have the opportunity to get market intelligence which enable them to sell their produce at appropriate occasion.
During 1988-89, the Punjab State Warehousing Corporation had godowns at 8 places in the Bathinda District. The following table indicates the location and storing capacity of warehouses with their dates of opening in district :-
|
Serial No. |
Name of the Warehouse |
Date of opening |
Average capacity During 1988-89 (in Metric
tonnes) |
|
1. |
Bathinda |
2/62 |
17,302 |
|
2. |
Baretta |
3/68 |
28,000 |
|
3. |
Bhucho |
4/62 |
14,400 |
|
4. |
Budhlada |
4/64 |
22,858 |
|
5. |
Goniana |
4/72 |
18,900 |
|
6. |
Raman |
4/64 |
9,900 |
|
7. |
Rampura Phul |
3/62 |
19,820 |
|
8. |
Bhikhi |
10/83 |
16,200 |
(Source : Managing Director, Punjab State Warehousing Corporation, Chandigarh)
Cold stores have also been opened in the private sector for storing agricultural and other goods.
Banking Offices functioning at various places in the Bathinda District, as on 31 March 1989
I State Bank of Patiala
1 Bathinda
2 Civil Lines, Bathinda
3 Industrial Estate, Bathinda
4 Grain Market, Bathinda
5 Guru Nanak Dev Thermal Plant, Bathinda
6 M.S.C. Bathinda
7 P.R. Nagar, Bathinda
8 Balluana
9 Bhisiana
10 Goniana
11 Mehma Sarja
12 Virk Kalan
13 Bangi Raldu
14 Nathana
15 Bhucho Kalan
16 Bhucho Mandi
17 Bibiwala
18 Kalyan Sukha
19 Tungwali
20 Talwandi Sabo
21 Raman Mandi
22 Maur Mandi
23 Kotfatta
24 Maisar Khana
25 Sheikhpura
26 Singho
27 Rampura
28 Balianwali
29 Chauke
30 Phul Town
31 Mehraj
32 Jalal
33 Mansa Main
34 Mansa ADB
35 Industrial Area, Mansa
36 Bhikhi
37 Khiala Kalan
38 Ralla
39 Jhunir
40 Behniwal
41 Fatta Maluka
42 Sardulgarh
43 Budhlada
44 Bareh
45 Baretta
46 Boha]
1 Bathinda
2 Bathinda ADBf
3 Bathinda Cantt
4 Behman Diwana
5 Kotshamir
6 Nahianwala
7 Sibian
8 Kahan Singh Wala
9 Lehra Mohabbat
10 Raman Mandi
11 Maur Mandi
12 Rampura
13 Dhapali
14 Mansa
15 Bhaini Begha
16 Joga
17 Raipur
1 Bathinda Main
2 A.S. Chowk, Bathinda
3 Sangat
4 Pacca Kalan
5 Chak Ruldu Singh Wala
6 Nathana
7 Bhucho Khurd
8 Gobindpura
9 Rampura
10 Sailbrah
11 Mansa
12 Bhikhi
13 Hero Kalan
14 Sardulgarh
15 Budhlada
16 Baretta
17 Borewal
18 Kulrian
19 Reond Kalan
1 Bathinda Main
2 I.T.I., Bathinda
3 Goniana
4 Rai Ke Kalan
5 Raman Mandi
6 Talwandi Sabo
7 Rampura
8 Bhai Rupa
9 Bhagta Bhai Ka
10 Sangha
11 Jhanda
12 Bachhoana
1 Bathinda Main
2 Civil Lines, Bathinda
3 Bhagta
4 Kothaguru
VI Union Bank of India
1 Bathinda
2 Harraipur
3 Bhagwangarh
4 Bandi
VII Central
Bank of India
1 Bathinda
2 Bhucho
3 Talwandi Sabo
VIII Oriental Bank of Commerce
1 Bathinda
2 Chak Fateh Singh Wala
3 Kot Fatta
IX Indian Overseas Bank
1 Bathinda
2 Mansa
X Regional Rural Bank
Faridkot - Bathinda
Kashetriya Gramin Bank
1 Bathinda
2 Kararwala
3 Jethu Ke
4 Moosa
5 Phaphere Bhaike
6 Ubha
7 Ahlupur
8 Akkanwali
9 Bhame Kalan
10 Datewas
11 Kishangarh
XI Canara
Bank
1 Bathinda
2 Civil Lines. Bathinda
3 Phus Mandi
4 Kotshmir
5 Bhagoo
XII UCO
Bank
1 Bathinda
2 Jhumba
XIII Bank of Baroda
1 Bathinda
XIV Bank
of India
1 Bathinda
XV Dena Bank
Bathinda
Bathinda
Bathinda
(Source: Lead Bank Officer (B), State Bank of
Patiala, Head Office, Patiala)
Work done by the Co- operative Agricultural Credit Societies in the Bathinda District, 1977-78 to 1988-89
|
Co-operative year
ending June |
No. of Co-operative societies
at the end of the year |
Membership |
Share Capital paid up (Rs
in lakhs) |
Loan Advanced during the
year (Rs in lakhs) |
Deposits (Rs in lakhs) |
|
|
Societies |
Individuals |
|||||
|
1977-78 |
536 |
--- |
88520 |
97.03 |
546.13 |
18.99 |
|
1978-79 |
144 |
--- |
91376 |
132.90 |
814.58 |
22.62 |
|
1979-80 |
150 |
--- |
96285 |
168.09 |
1487.94 |
26.22 |
|
1980-81 |
148 |
--- |
100464 |
211.35 |
1532.46 |
23.12 |
|
1981-82 |
148 |
--- |
105073 |
245.45 |
1825.38 |
36.51 |
|
1982-83 |
213 |
--- |
111003 |
286.94 |
2426.92 |
36.51 |
|
1983-84 |
233 |
--- |
111745 |
300.40 |
1729.58 |
31.22 |
|
1984-85 |
233 |
--- |
112123 |
331.07 |
2110.80 |
35.75 |
|
1985-86 |
233 |
--- |
112484 |
370.29 |
1977.67 |
32.45 |
|
1986-87 |
233 |
--- |
114496 |
401.15 |
1997.63 |
42.08 |
|
1987-88 |
297 |
--- |
115029 |
442.64 |
2698.66 |
52.53 |
|
1988-89 |
297 |
--- |
116004 |
461.08 |
2791.02 |
63.83 |
(Source :
Deputy Registrar, Co-Operative Societies, Bathinda)
|
Co-operative year
ending June |
No. of Co-operative
societies at the end of the year |
Membership |
Share Capital paid
up (Rs in lakhs) |
Loan Advanced during
the year (Rs in lakhs) |
Deposits (Rs in
lakhs) |
|
|
Societies |
Individuals |
|||||
|
1977-78 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1978-79 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1979-80 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1980-81 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1981-82 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1982-83 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1983-84 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1984-85 |
63 |
--- |
5328 |
3.16 |
4.18 |
8.93 |
|
1985-86 |
78 |
--- |
7561 |
3.68 |
13.65 |
10.33 |
|
1986-87 |
78 |
--- |
7563 |
3.70 |
13.49 |
9.50 |
|
1987-88 |
78 |
--- |
7563 |
5.08 |
14.15 |
8.63 |
|
1988-89 |
79 |
--- |
7775 |
9.03 |
73.34 |
11.56 |
(Source : Deputy
Registrar, Co-Operative Societies, Bathinda)