Web Hosting

इंडियन आवाज़     15 Sep 2019 06:14:16      انڈین آواز

Haryana govt announces Rs 5,000 cr interest, penalty waiver on crop loans

By A Reporter / Chandigarh

The Haryana Government has announced a Rs 4,750 crore waiver on interest and penalty on crop loans. This will benefit around 10 lakh farmers of the state. Chief Minister Manohar Lal Khattar said this while addressing a rally in Bhiwani, Haryana yesterday.

The farmers who have borrowed from Primary Agriculture Cooperative Societies (PACS), District Cooperative Central Banks, Land Mortgage Bank and Haryana Land Reforms and Development Bank will benefit from this decision.

According to the announcement, the farmers whose bank accounts were declared Non-Performing Assets (NPAs) by these banks and were unable to renew their loans will now be able to do so. Mr Khattar said, out of 13 lakh farmers who borrowed from PACS, the accounts of over eight lakh had turned into NPAs. He said, the five per cent penalty imposed on farmers who failed to repay loans taken from PACS will now be completely waived.

The Chief Minister said, around 85,000 farmers had taken loans worth 3,000 crore rupees from the District Cooperative Central Banks. Out of which, accounts of 32,000 farmers involving an amount of 800 crore rupees have turned NPAs. He said, farmers will have to pay two per cent interest for loans less than five lakh rupees, five per cent for loans between 5 lakh to 10 lakh rupees and 10 per cent for bigger loans.

Leave a Reply

Your email address will not be published. Required fields are marked *


Watan – A patriotic Song by DD



Bangladeshi novelist Rizia Rahman passes away

AMN Renowned Bangladeshi novelist and the Ekushey Padak winning author Rizia Rahman passed away today in D ...

International Urdu Day Awards announced

  Staff Reporter / NEW DELHI The annual International Urdu Day Awards have been announced. ...


Rani Rampal to captain Indian women’s hockey team on England tour

Hockey, star forward Rani Rampal was today named the captain of the 18-member Indian Women's team which will t ...

Boxing : Manish Kaushik wins his debut bout at the AIBA World Championships

Harpal Singh Bedi / New Delhi, Commonwealth Games silver medallist Manish Kaushik (63 kg) made an impressiv ...

Impressive start by Aadil Bedi, Aman Raj as Indonesian Rory Hie leads at Classic Golf & Country Club International Championship

aadil bedi Harpal Singh Bedi/ Nuh, Haryana Promising youngsters Aadil Bedi and Aman Raj, got off to ...



Qutub Minar glitters amid LED illumination

  QUTUB MINAR Staff Reporter / New Delhi The historic Qutb Minar came alive ...

1 Kg Of Rare Assam Tea Sold For Rs. 70,500

AMN / GUWAHATI A rare variety of tea in Assam was auctioned for Rs. 70, 501 a kg at the Guwahati Tea Auctio ...


PV Sindhu wants Deepika Padukone to star in her biopic

Badminton star PV Sindhu wants actress Deepika Padukone to star in a biopic on her life, if it's ever made. Si ...

Jeetendra, Rakesh Roshan never got their due in Bollywood, feels Rishi Kapoor

Image Source : TWITTER WEB DESK Veteran actor Rishi Kapoor has said his fellow actors Jeetendra and Ra ...


@Powered By: Logicsart