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Rs 5,000 cr disbursed as part of farm loan waiver: Maha govt

Press Trust of India  |  Mumbai 

Banks have so far deposited Rs 5,141 crore in accounts of 9.43 lakh farmers under the loan waiver scheme of the government, Minister said today.

The has handed over a list of 17.68 lakh farmers and transferred Rs 10,332 crore to banks and the disbursal of this loan amount will pick up speed in coming days, he said.

After due verification, banks have transferred Rs 5,141 crore in accounts of 9.43 lakh farmers eligible for loan write-off under the the Maharaj Shetkari Sanman (CSMSSY), the minister said.

Patil, commenting on a farmer agitation led by senior leader Yashwant Sinha in Akola, said the latter should realise the has already started implementation of the loan waiver scheme.

"He (Sinha) would realise there was no need for him to continue with his agitation," he said.

Patil said in the next 10 days, the expects to clear another list of 40 lakh to 48 lakh eligible farmers.

Disbursal of the loan waiver amounts will pick up speed after due verification is done, the minister said.

Patil said overall 80 lakh to 82 lakh farmers are expected to benefit from the Rs 34,000-crore loan waiver scheme announced in June this year.

Replying to queries over the delay in depositing loan waiver amounts in farmer bank accounts, Patil said this was due to "faulty" data collection (on eligible beneficiaries) by the nationalised banks.

In respect of Sinha's agitation over bollworm damaging cotton crop in Vidarbha, he said the government has already issued orders to assess the extent of damage.

He said the government will compensate farmers who have availed crop insurance and also consider bailing out those who have not opted for insurance.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 21:30 IST