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    Over 1.5L farmers qualify for the state’s crop loan waiver.

  • Date : 07 February, 2020

    Nashik: The district administration has prepared a list of over 1.5 lakh farmers who would get benefits of the crop loan waiver scheme announced by the state government.

    The Maha Vikas Aghadi (MVA) government has announced Mahatma Jyotirao Phule Farmers Loan Waiver scheme in which farmers whose total loan outstanding is less than Rs 2 lakh will get benefitted.

    “In the district we have 1.52 lakh farmers, who have taken loans from cooperative, nationalised and private banks, and fall in the criteria announced by the state government. The total loan taken by them is Rs 1,560 crore,” a district administration official said.

    According to him, around 1.05 lakh farmers have taken a loan of Rs 990 crore from the Nashik District Central Cooperative (NDCC) bank, while 37,645 have taken loan of Rs 473 crore from the nationalized and other financial institutions and their outstanding is under Rs 2 lakh.

    At the same time, there are 9,158 farmers who own vineyards and have taken the loan of Rs 97 crore. According to the government resolution all these people qualify for the loans. However the administration is now trying to figure out how many of the farmers have more than one account and also if the account loan value exceeds Rs 2 lakh.


    “If a farmer has two or more accounts with banks and if the loans taken in case of all such accounts are over Rs 2 lakh, the farmer will be disqualified. The process of finding such farmers is being carried out and we expect the number is not more than 10%,” the official said.

    He added that there are 1.12 lakh farmers who have cleared their dues worth Rs 1,453 crore already and at the same time there were 32,390 farmers who owed Rs 1,183 crore to financial institutions and whose loan amount exceeds Rs 2 lakh.


    “Details of the exact numbers of beneficiary would be known only after the exercise of amalgamation of the accounts of the farmers was completed,” the official said.

    Source ( The Times Of India)
 















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EDITOR'S NOTE

19 Jan 2016

Crop insurance scheme brings cheers

In view of the growing volatility in the agriculture sector caused by vagaries of nature as well as market fluctuations, it is heartening to see the new Pradhan Mantri Fasal Bima Yojana (PMFBY)