Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA

Ministry of Finance

DEPARTMENT OF FINANCIAL SERVICES

RAJYA SABHA

UNSTARRED QUESTION NO 3759

TO BE ANSWERED ON 29.04.2008

Guidelines for Waiving of Loans.

3759.

SHRI RAJEEV CHANDRASEKHAR

 

M.V. MYSURA REDDEY

Will the Minister of FINANCE be pleased to state:-

(a) the guidelines formulated by Government for the waiver of loans;

(b) the number of small marginal and big farmers who obtained loans from Commercial Banks and also from Cooperative Banks, category-wise, bank-wise and State-wise;
(c) the number of small and marginal farmers who got the benefit from the loan waiver schemes, category-wise, bank-wise and State-wise; and

(d) whether Government is having any proposal for relaxing the guidelines so that more farmers may get the benefit of loan waiver schemes?

ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PAWAN KUMAR BANSAL) –

(a) to (c): As the Guidelines for the debt waiver and debt relief scheme for farmers are yet to be finalized by the Government, the bank-wise, State-wise details of small, marginal and other farmers are not available at present. However, as per the preliminary estimates, the debt waiver and debt relief for farmers would cover around three crore small and marginal farmers and one crore other farmers.

(d): The Government has received representations from various quarters for relaxing the guidelines for the debt waiver and debt relief scheme for farmers, which are under examination.