Business Standard

Loan Waivers

The new challenge on the banking turf

Raising deposits to keep pace with loan growth and keeping credit cost low top the agenda for banks

The new challenge on the banking turf
Updated On : 18 Feb 2024 | 4:28 PM IST

Assam CM launches third phase of microfinance loan waiver scheme

Assam Chief Minister Himanta Biswa Sarma on Saturday rolled out the third phase of a scheme to waive microfinance loans availed by women of the state, benefitting over 2.23 lakh borrowers. Under this phase of the Assam Micro Finance Incentive and Relief Scheme 2021 (AMFIRS), borrowers whose loan accounts turned into non-performing assets would be offered an outstanding principal balance of up to Rs 25,000. "With a total relief cost of Rs 291 crore under this category, the state's womenfolk will once again be able to avail fresh loans for their continued prosperity," Sarma said at an official function here. Altogether 2,22,949 borrowers will benefit from this scheme, he said, adding that the lending institutions will waive the accrued interest and penalties for these women and give them 'no due' certificates immediately. Expressing his gratitude towards the microfinance institutions for agreeing to waive around Rs 300 crore in interest income under the category-III relief measures,

Assam CM launches third phase of microfinance loan waiver scheme
Updated On : 23 Sep 2023 | 9:05 PM IST

No loan waivers for 40% eligible farmers in three key states: Nabard study

The study also found that waivers increased chances of willful default by farmers; 72-85% of respondents felt that they pushed honest farmers to default on farm loans

No loan waivers for 40% eligible farmers in three key states: Nabard study
Updated On : 22 Apr 2022 | 10:45 PM IST

Punjab CM Channi starts loan waiver scheme for SC, backward classes

Charanjit Singh Channi started a loan waiver scheme under which an amount up to Rs 50,000 borrowed from the ab Scheduled Castes and Backward Classes Land Development Finance Corporation will be waived

Punjab CM Channi starts loan waiver scheme for SC, backward classes
Updated On : 11 Dec 2021 | 11:07 PM IST

Co-operation ministry: Harbinger of hope?

How the new Ministry of Co-operation can make a significant positive impact on the ground

Co-operation ministry: Harbinger of hope?
Updated On : 19 Jul 2021 | 10:24 PM IST

Why no interest waiver on loans for middle class, Rahul Gandhi asks govt

Congress leader Rahul Gandhi attacked the government and asked why it gave tax benefits of Rs 1.45 trillion to businesses but did not waive interest on loans for the middle class

Why no interest waiver on loans for middle class, Rahul Gandhi asks govt
Updated On : 27 Aug 2020 | 6:59 PM IST

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19

Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year

Tamil Nadu sugar industry asks Centre to rework loans in wake of Covid-19
Updated On : 13 Apr 2020 | 7:52 PM IST

Maharashtra farmers with crop loan over Rs 200,000 ineligible for waiver

This loan waiver comes over two years after the Rs 34,000 crore loan waiver announced by the then BJP-Sena government in 2017

Maharashtra farmers with crop loan over Rs 200,000 ineligible for waiver
Updated On : 28 Dec 2019 | 1:45 PM IST

Perils of loan waivers

Waiving farm loans has led to higher NPA in agriculture

Perils of loan waivers
Updated On : 15 Oct 2019 | 11:19 PM IST

Beyond loan waivers & doles

CIFA has chalked out an elaborate national agricultural agenda which it wishes the government to follow over the next 10 years

Beyond loan waivers & doles
Updated On : 04 Mar 2019 | 10:11 PM IST

For agrarian distress, farm industry

Agriculture's share of India's GDP has fallen over time and will fall further from its current 13% contribution, says the author

For agrarian distress, farm industry
Updated On : 23 Dec 2018 | 10:31 PM IST

Loan waivers compromise the credit discipline, says Syndicate Bank MD & CEO

Mrutyunjay Mahapatra says that credit discipline and credit culture are always impacted by the announcement of a debt waiver

Loan waivers compromise the credit discipline, says Syndicate Bank MD & CEO
Updated On : 22 Oct 2018 | 1:10 AM IST

Centre favours only rich, has no money for sanitation workers: Kejriwal

In 2016-17, Atishi said, the AAP government had given the East Delhi Municipal Corporation (EDMC) Rs 9.48 billion

Centre favours only rich, has no money for sanitation workers: Kejriwal
Updated On : 09 Oct 2018 | 7:47 AM IST

Maharashtra govt unveils Rs 34,000 cr loan waiver

It named after Maratha warrior king Shivaji Maharaj

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Updated On : 24 Jun 2017 | 9:55 PM IST

Letters: Think beyond loan waivers

The government needs to understand the larger issues

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Updated On : 12 Jun 2017 | 10:48 PM IST

Actions in times of waivers

The feasible path out of the agrarian vicious circle has to be gradual, not a mercurial leap

Actions in times of waivers
Updated On : 12 Apr 2017 | 10:50 PM IST

After RBI, Nabard says loan waivers is a 'moral hazard'

These facilities should be targeted only to the needy, says Nabard

After RBI, Nabard says loan waivers is a 'moral hazard'
Updated On : 11 Apr 2017 | 6:02 PM IST