Extended Cooperative Bank Single Settlement Program


The One Time Settlement Scheme (OTS) for defaulting debtors of state cooperative banks has been extended until October 15 this year.

This decision was taken in view of the favorable reception it has aroused and the upcoming festival season. Registration cooperative Anand Swarup said the OTS has been extended for 15 days.

He said the program was getting a good response and that in the past month, 231 people deposited Rs 4.22.86000 into their NPA accounts.

Swarup informed that 425 people have applied into the OTS in which a sum of Rs 9.7 Crore is expected to be deposited. Giving details, he said Rs 19.7 lakh per 40 people in Haridwar, Rs 5.5 lakh per nine people in Kotdwar, Rs 23.14 lakh per 26 people in Dehradun, Rs 4.28 lakh per 11 in Chamoli, Rs 110.3 lakh per 29 in Tehri, Rs 58.48 lakh per 23 people in Uttarkashi, Rs 57.8 lakh per 18 in Almora, Rs 25.81 lakh per 23 in Nainital, Rs 33.62 lakh per 32 in Pithoragarh , Rs 1.61 lakh per five at Udham Singh Nagar and Rs 84.5 lakh per 15 people at State Cooperative Bank Haldwani in the last month in OTS.

Uttarakhand State Cooperative Bank General Manager Ira Upreti said the extension of the OTS date is good news for those who have not deposited their money in the loan accounts and that ‘they should take advantage.


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