Banks implement agriculture debt waiver scheme
As per the guidelines of the Scheme, the lending institutions shall not charge any interest on the eligible amount for any period after February 29, 2008.
Minister of State for Finance, Namo Narain Meena said that the Agriculture Debt Waiver and Debt Relief Scheme (ADWDRS) 2008, was implemented in the country by Public Sector Banks, Private Sector Banks, Co-operative Banks, local area banks and Regional Rural Banks. The debt waiver portion of the scheme was closed on 30.6.2008. The debt relief portion of the scheme was closed on 30.6.2010.
As per the guidelines of the Scheme, the lending institutions shall not charge any interest on the eligible amount for any period after February 29, 2008. However, in the case of other farmers who defaults in paying his share of the eligible amount on or before June 30, 2009 and becomes ineligible for One Time Settlement (OTS) relief, the bank may charge interest for the period after June 30, 2009.
The Government has reimbursed Rs. 18287.16 crore to the State Cooperative Banks towards the implementation of the Scheme.
Add Your Comments
Please ensure that you don't use abusive words in your comments. While you have a right to express your views, you have absolutely no right to abuse persons or events. Express your criticism in a gentle way.
Featured Movie News
Milky beauty Tamannaah's first look from 'Baahubali' movie has been revealed. On…
Hero Nandamuri Balakrishna who is working for untitled film, has sought his…
Music plays an important role in film's success. Songs are a must…
Tall beauty Anushak Shetty has signed one more big project and it…
The Aha Naa Pellanta combination Allari Naresh and Veerabhadram Choudary will team…
Shraddha Kapoor is one talented actress who is not in a hurry…