Bangalore-based public sector Canara Bank will waive around Rs 1,400 crore agriculture loan to 464,000 small and marginal farmers in 1,795 branches handling agricultural loans across the country.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>In addition to this the bank will also cover another 109,000 farmers under the one time settlement scheme, who will get 25 per cent of their loan waived. </P>
</p><p class='TableClas'>They have to pay the remaining 75 per cent of their loan outstanding in three instalments, M B N Rao, Chairman and Managing Director, Canara Bank said. </P>
</p><p class='TableClas'>Rao, who retired from service, today presented the certificates to a few selected farmers at Harohalli branch in Ramanagara district, about 40 kms from Bangalore. <BR><BR>Finance Minister P Chidambaram had announced the Rs 71,000 crore agriculture loan waiver scheme in his budget speech early this year. </P></p></table>


Canara Bank to waive Rs 1,400 crore farm loan

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