All the public sector banks have been asked by the ministry of finance (MoF) to publish the details of the debt waiver scheme, implemented by the government, on their respective websites by August 31.
MoF had convened a meeting of all public sector banks to take stock of the implementation of the debt waiver scheme.
The meeting held in New Delhi on Tuesday was addressed by Arun Ramanathan, banking secretary and Amitava Verma, joint secretary (banking) .
Apart from this, banks have also been asked to send a soft copy of the details relating to the debt waiver scheme to the MoF.
The details should include total number of beneficiaries of the scheme, grievances as lodged by the farmers about the scheme and finally the fresh farm loans as being targeted by the banks for the current fiscal.
An official of a state-run bank, who had attended the meeting told FE on condition of anonymity, ?The finance ministry has asked us to absorb 75% of the entire debt waiver amount by ourselves.?
Apart from the banks? agricultural department heads, the meeting was also attended by the chairmen of state-level bankers? committees of various states and three executive directors from banks like Central Bank of India, Canara Bank, Nabard and a representative from the Reserve Bank of India.
Punjab National Bank has projected a target of issuing fresh farm loans worth Rs 8,000 crore during the current fiscal. On the similar lines, another state-run Union Bank of India has received a total of 544 complaints about the scheme, out of which almost 300 grievances have already been resolved.
The meeting assumes significance in the wake of the Union finance minister, P Chidambaram, meeting with the heads of all the state-run banks which is slated for August 13.