Farm loan waiver meet on Friday
With only four days left for the full implementation of the farm debt waiver, the state government plans to take stock of its performance at a meeting on Friday.
By ET Bureau |
MUMBAI: With only four days left for the full implementation of the farm debt waiver, the state government plans to take stock of its performance at a meeting on Friday. As far as the impact of the debt waiver goes, Maharashtra is a critical state for the Congress. The state���s performance also assumes significance as Vidarbha has reported a large number of farm suicides, which necessitated the big relief sop. Mantralaya sources told ET that chief minister Vilasrao Deshmukh would review the measures taken by various state government departments, in extending the debt waiver and one-time settlement scheme to farmers. Nabard, commercial and co-operative banks will also be represented.
ET had reported earlier this month that around 6,500 branches of commercial and co-operative banks in the state have to update around 63 lakh accounts held by farmers to implement the first leg of debt waiver.
RBI and Nabard have asked banks to come out with the list of account holders and their outstanding dues so that farmers could get the benefit of either complete debt-waiver or one-time settlement. The June 30 deadline is sacrosanct because farmers need fresh credit for the kharif season. ���Unless the existing accounts are cleared of all outstanding dues and the farmers get no-due certificates from banks, they will not be eligible for fresh credit. That���s why it���s important to meet the deadline,��� said an official.
ET had reported earlier this month that around 6,500 branches of commercial and co-operative banks in the state have to update around 63 lakh accounts held by farmers to implement the first leg of debt waiver.
RBI and Nabard have asked banks to come out with the list of account holders and their outstanding dues so that farmers could get the benefit of either complete debt-waiver or one-time settlement. The June 30 deadline is sacrosanct because farmers need fresh credit for the kharif season. ���Unless the existing accounts are cleared of all outstanding dues and the farmers get no-due certificates from banks, they will not be eligible for fresh credit. That���s why it���s important to meet the deadline,��� said an official.
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