Loan waiver set in motion

  • 19/06/2008

  • Deccan Chronicle (Hyderabad)

The district in-charge minister and endowments minister, Mr J. Ratnakar Rao, on Thursday directed the district authorities to initiate steps to ensure the waiver of crop loans to all the farmers in the district. The minister said that all those farmers who come under the loan waiver scheme announced by the Centre should get the benefit of the waiver in the district. He was reviewing the crop loan waiver scheme implementation along with the district ministers Ponnala Lakshmaiah and D.S. Redya Naik at the district collectorate here. Mr Ratnakar Rao said that three lakh farmers in the district were getting a loan waiver benefit of Rs 455 crore. He directed the bankers to ensure the effective implementation of the loan waiver in their respective banking areas and urged them to create awareness among the farmers about the loan waiver. The endowments minister directed the authorities to prepare the complete list of loan waiver beneficiaries in the district. The restructured and rescheduled loans should also be brought under the loan waiver scheme. Referring to the payment to those farmers, who have already paid their dues to the banks, he said that all such farmers would get Rs 5,000 each. In order to create awareness about the loan waiver scheme, massive rally would be organised in the district headquarters on June 23. "We should not be complacent with the loan waiver scheme. But our real success lies when the bankers disburse new loans to the farmers for the season,' Mr Ratnakar Rao added.