Jul 18, 2011 01:35 PM
5432 Views
While SBH website claims to provide support to setup Dairy projects, I experience reality when I visited my local branch for a loan of 5 lakh rupees to setup a mini Diary unit. When I spoke to the Field officer & Manager, I had 1Lakh rupees in my account, 50k in my mothers account . My fathers Savings account has been with SBH for last few years. I was ready to give about 30 acres of land as security.
My requst for loan was not accepted and the manager asked me to deposit 2.5 lakhs as FD for 5 years. What kinda rule is this? Such arm twisting tactics should not be entertained and strict action should be taken against this manager.
While governments make tall claims about giving support to farmers, these schemes are only on paper and do not reach the intended.
Very very disappointed with SBH and am going to close all my family accounts immediately.
Regards,
VNR
