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    Published On : Sun, May 25th, 2014
    Latest News | By Nagpur Today Nagpur News

    PM-elect Modi requested to utilize unclaimed money in banks for agriculture development


    “If the Central Government is serious in betterment of people of the country particularly the poor, unemployed and those affected by corruption then it must give first priority to development of agriculture. The development of agriculture can effectively curb the inflation and unemployment. And for development of agriculture, a large part of unclaimed money lying in different banks could be utilized so that the goal of betterment of people is achieved. Today, more than Rs 5000 crore are lying unclaimed in various banks,” said National General Secretary of Krushi Utpadak Sangh Sandeep Agrawal in a letter sent to Prime Minister-elect Narendra Modi.

    modiNagpur News.

    The National General Secretary of Krushi Utpadak Sangh Sandeep Agrawal, in a letter to Prime Minister-elect Narendra Modi, has demanded proper utilization of crores and crores of rupees lying unclaimed in various banks of the country. “If the Central Government is serious in betterment of people of the country particularly the poor, unemployed and those affected by corruption then it must give first priority to development of agriculture. The development of agriculture can effectively curb the inflation and unemployment. And for development of agriculture, a large part of unclaimed money lying in different banks of the country could judiciously be utilized so that the goal of betterment of people is achieved. Today, more than Rs 5000 crore are lying unclaimed in various banks and this whopping money can certainly be utilized in development of agriculture,” said Agrawal in his letter to Prime Minister-elect Narendra Modi.

    Sandeep Agrawal, in the letter apprised the Prime Minister-elect about facts and figures in respect of unclaimed money lying in all nationalized, private, foreign and cooperative banks. According to information procured under RTI, Agrawal said that more than Rs 5000 crore are lying unclaimed in the banks including Rs 146,999,56,105 in State Bank of India Group, Rs 271,276,03,637 in other 20 nationalized banks, Rs 44,920,77,631 in private banks and Rs 49,301,74,554 in foreign banks till 31.12.2013.

    A scan of list provided by Reserve Bank of India reveals following details of accounts-wise unclaimed money lying in different banks of State Bank of India Group:

    Total number of accountsUnclaimed money
    Current accounts517310Rs 39,441,80,172
    Savings accounts 11972004Rs 325,868,02,624
    Fixed Deposit accounts842709Rs 89,349,60,893
    Other accounts1222927Rs 45,309,34,347
    InterestsRs 13,745,14,506
    Incidental chargesRs 946,16,856
    TotalRs 512,498,11,927

    The National General Secretary of Krushi Utpadak Sangh Sandeep Agrawal, in his letter, earnestly requested the Prime Minister-elect Narendra Modi to issue directives to all the banks to distribute the unclaimed money for development of agriculture. The Central Government should take the responsibility of returning the money to the banks in case the account holders stake claims for the money, said Agrawal.

    Agrawal further said, “Hindustan (India) earlier was called ‘Sone Ki Chidiya’ in the world because at that time the main source of the country’s income was agriculture and supreme workmanship. But after Independence, the growth rate of India’s agriculture started declining every year when 74 percent of nation’s rural population is dependent solely on agriculture for its livelihood.  Today, the need of the hour is to revive Lal Bahadur Shastri’s slogan “Jai Jawan Jai Kisan” and thereby spark a fresh vigour and self-confidence among people. This new vigour and self-confidence among people and with priority to develop agriculture will certainly lead to powerful India and make the country ‘Sone Ki Chidiya’ in the world again,” Agrawal said.

    Sandeep Agrawal hoped that the Prime Minister-elect Narendra Modi will issue the necessary directives to the banks for providing the unclaimed money to the cause of agriculture development and like Gujarat, make the rural India “Sujalam-Sufalam.”

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