Kerala banks write off Rs 2,380 cr under farm relief package

Written by Economy Bureau | Thiruvananthpauram, Jul 30 | Updated: Jul 31 2008, 06:51am hrs
Banks in Kerala have written off Rs 2,380 crore under ADWDRS-2008 (Agriculture Debt Waiver and Debt Relief Scheme). Loans of small and medium farmers worth Rs 2380 crore were entitled to the debt relief package, noted State-level Bankers' Committee, which met here on Wednesday.

As much as Rs 138-crore worth loans were rescheduled, DL Rawal, executive director, Canara Bank who chairs SLBC meet in Kerala said. The banks have also worked out a detailed project to give relief to the farmers who took loans from the co-operative banks in the State. This proposal envisages Rs 1489-crore worth debt relief to 7.54 lakh farmers.

The SLBC, which has been closerly monitoring the ADWDRS-2008 disbursement pattern, had displayed the list of those entitled for waiver on July 1. The panel had said the aggrieved farmers could make a representation to the grievance redressal officer concerned on or before July 31. Such grievances would be addressed and disposed of within 30 days of receipt of the complaint, it said.

A sub-committee of the SLBC steering committee in Kerala would meet every Tuesday to review the progress of the implementation of the scheme. This comprises general managers from the RBI, Nabard and Canara Bank, state nodal officers of the State Bank of Travancore, Indian Overseas Bank, Indian Bank, Union Bank of India and Syndicate Bank.