LOAN WAIVER

  • RBI against loan waiver scheme by state governments November 13, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan expressed reservation over the loan waiver scheme by various state governments and also suggested reasonable interest rate ceiling on loans from microfinance lenders. "Repeated loan waivers by various state governments distorts credit pricing, thereby also disrupting the credit market," he said at a function...
  • Andhra Pradesh government seeking funds to implement mega loan waiver September 17, 2014

    Hyderabad: Desperate to keep its prepoll promise of loan waiver to farmers, the Andhra Pradesh government is seeking funds from different quarters to go ahead with the financially debilitating scheme. "The Andhra Pradesh Government open for funds for rythu runamaafi (farmers' loan waiver)," an official statement said on Wednesday. As a...
  • Budget session of Andhra Pradesh Assembly begins on Monday August 17, 2014

    Hyderabad: Presentation of Budget, Telugu Desam Party government's white papers on different sectors, its proposed 'vision documents' for development and poll promises like farm loan waiver would be part of the agenda of Andhra Pradesh Assembly's Budget session which begins on Monday. This would be the first Budget session of the...
  • CAG report on farm loan waiver to be discussed in LS today March 7, 2013

    New Delhi: The Lok Sabha is likely to discuss the CAG report on the farm loan waiver scheme on Thursday. On Wednesday, the House was adjourned after repeated ruckus by the Opposition. Prime Minister Manmohan Singh had promised stringent action against defaulters. The Prime Minister's statement in the Rajya Sabha...
  • PM assures action if irregularities are found in farm loan waiver March 6, 2013

    New Delhi: Prime Minister Manmohan Singh on Wednesday assured that action will be taken if irregularities are found in the farm loan waiver scheme. The Prime Minister's statement in the Rajya Sabha came after loud protests by the Opposition in the House. The Lok Sabha, too, witnessed a demand from...
  • Uproar in LS over CAG report on farm loan waiver scheme March 6, 2013

    New Delhi: The Lok Sabha was adjourned on Wednesday after uproar over alleged scam in farm loan waiver scheme. The CAG report which was tabled in Parliament on Tuesday had criticised the scheme's implementation, citing lapses in 22 per cent of the cases. The loan waiver scheme was brought by the...
  • BJP demands CBI probe in farmers loan waiver 'scam' March 6, 2013

    New Delhi: The BJP on Tuesday alleged that nearly 34 lakh farmers had been denied their right under the loan waiver scheme of the UPA government and demanded a CBI inquiry to unearth the real extent of the "massive scam". Bharatiya Janata Party (BJP) spokesperson Prakash Javadekar said this revelation further...
  • Farm loan waiver under scanner: Are big ticket government schemes prone to corruption? March 5, 2013

    The CAG report which was tabled in Parliament earlier on Tuesday criticised the scheme's implementation, citing lapses in 22 per cent of the cases. ...
  • Farm debt waiver scheme: Finance Ministry orders probe after CAG report reveals lapses March 5, 2013

    The CAG report which was tabled in Parliament earlier on Tuesday criticised the scheme's implementation, citing lapses in 22 per cent of the cases. ...
  • CAG alleges misuse of farm loan waiver funds January 26, 2013

    New Delhi: The UPA government is in more trouble. The Comptroller and Auditor General has published a draft report on the farm loan waiver scheme alleging misuse of funds. According to the report, Rs 52,000 crore were allotted for the debt waiver under the scheme. However, 25 per cent beneficiaries...
  • Rs 200 cr meant for farmers siphoned off March 30, 2010

    Bhopal: In a huge embarrassment to the Madhya Pradesh government, a letter from the Deputy Commissioner of Hoshangabad is now unravelling a Rs 200 crore loan waiver scam. The letter written to the State Cooperatives Commissioner and Registrar, said that nearly four crore rupees meant for farm loan waiver had been...
  • Whose idea? Prez takes credit for farm loan waiver July 27, 2009

    New Delhi: It's a battle royale between the two powerful ladies in Indian politics Sonia Gandhi and Pratibha Patil. The issue is: Who got the farmers loan waiver passed? The entire UPA has been united in hailing the Congress President as the brain behind the move. Congress Spokesperson, Tom Vadakkan...
  • Maharashtra waives off Rs 6,208 cr farmer loans December 30, 2008

    New Delhi: In some relief for farmers of the Vidarbha region in Maharashtra, Chief Minister Ashok Chavan has announced a loan waiver for famers in the region. The Government has waived farmer loans worth Rs 6208 crore in the area and these waivers are expected to benefit nearly 40 lakh farmers...
  • Farm loans waived, but where's the relief? December 8, 2008

    Kishan Kumar, a middleaged farmer in Garhar village in southern UPs Jalaun district, was a happy man in September as summer gave way to heavy downpours. Rains, scant in this region for the past six years, meant Kumar could plant wheat or pulses on his 3.5acre field when the sowing...
  • Farm loan waiver of not much help in Vidarbha July 12, 2008

    Mumbai: Farmers in Maharashtra, a state with drought in 13 districts, are responding in different ways to the Rs 71,000 crore farm loan waiver scheme. While the Vidarbha region, in grip of a severe drought, is full of poor farmers; farmers in western Maharashtra are a lot happier. In Vidarbha field...
  • Debt trap: Loan waiver, a nosaver for Punjab farmers July 9, 2008

    Moonak (Punjab): Hawa Singh is one of the beneficiaries of the UPA government's mega loan waiver scheme. His total waiver is approximately Rs 1,80,000 against a loan that he had taken in 2002. Since then, this farmer has seen 12 successive crop failures. We sold off our tractor, our trolley, everything...
  • UPA's loan waiver scheme: Too little, too late July 8, 2008

    Moonak: There seems to be no respite for thousands of farmers across India who believed that the UPA government's mega loan waiver will change their fortunes. The list of farmers who received the loan waiver included the name of a farmer Hawa Singh, who got the highest loan waiver. The lowest...
  • Plan backfires: PM's loan waiver letter puzzles farmers July 8, 2008

    Thara (Ahmedabad): In what appears to be a bid to draw political mileage, a special note from Prime Minister Manmohan Singh accompanies all farmloan waiver letters. But this letter is creating resentment among many farmers who find that their debt only been partially waived off. The prime minister's letter of promise says...
  • Chidambaram sets deadline for loan waiver to banks June 17, 2008

    Bangalore: It is significant that as part of the commitment in the budget speech of Union Finance Minister Chidambaram all the banks have to implement and waive off farmers loan. Addressing the media on the sidelines of an official bank function in Bangalore on Monday Chidambaram has said that the nationalized...
  • Govt hikes farm loan waiver to Rs 71,680 cr May 23, 2008

    New Delhi: The Government on Friday hiked the provisions for debt waiver for farmers by a hefty 20 per cent. The debt waiver amount has been raised from Rs 60,000 crore to Rs 71,680 crore in a move that would enlarge the scope for relief for peasants. The decision to increase...
  • Fourth year ends, UPA switches to election mode May 22, 2008

    New Delhi: It's showing that the fifth and final year of the UPA has just begun. Sixteen months before it is required to the face the electorate, the Central Government switched over to the election mode. Its spin doctors believe that packaging ought to begin early. After all, the product...
  • SBI withdraws circular, resumes farm equipment loans May 21, 2008

    New Delhi: The State Bank of India has withdrawn its controversial circular, issued last week. A twoline release from SBI reads, "We regret that our Circular dated 16th May 2008 concerning tractor loans has been misunderstood and has given rise to concern. The Circular is withdrawn with immediate effect." Five days...
  • SBI regrets issuing circular, won't stop loans May 21, 2008

    New Delhi: The State Bank of India (SBI) has withdrawn its circular dated May 16 2008. In the circular issued last Friday from Mumbai the bank had stated that it had a large portfolio of tractor loan accounts with high overdues and had thus decided to put on...
  • UPA waives off farmer loans, SBI stops loans May 19, 2008

    New Delhi: The State Bank of India is the largest bank in the country and traditionally doles out the maximum amount of loans to farmers across the country. However, it has now decided to put on hold, any new loans to finance new tractors or farm mechanisation activities. In a circular...
  • Debtridden farmer jumps into pile of burning hay April 12, 2008

    Mumbai: A debtridden farmer in the Vidarbha region of Maharashtra on Friday immolated himself by leaping into a pile of burning hay. Baban Jeughale was unable to repay a loan of Rs 1.75 lakh rupees, which he had taken to cultivate his 10 hectares of land. He committed suicide because he...
  • Vidarbha farmer sets himself afire April 12, 2008

    New Delhi: A debtridden farmer in the Vidarbha region of Maharashtra on Friday immolated himself by leaping into a pile of burning hay. Reports say Baban Jeughale had taken a loan of Rs 1.75 lakh rupees to cultivate his 10 hectares of land. When he couldn't repay the debt, he committed...
  • The Left is poor man's enemy No.1: Chidambaram March 24, 2008

    New Delhi: Finance Minister P Chidambaram, one of the key players in the Left's troika of capitalism, has taken another swipe at the Red camp. Justifying the UPA's economic reforms, Chidambaram indirectly accused the Left of power without responsibility saying some 60 members of Parliament criticised everything being done by Prime...
  • Vidarbha still colourless, 3 farmers commit suicide March 22, 2008

    New Delhi: Even as the nation revels in Holi festivities, there is no colour for debtridden farmers in Vidharbha in Maharashtra. Three farmers Gorakh Nikam, Atmaram Patil and Gokul Pawar took their lives for not being able to pay back moneylenders. Nikam is from Nashik while the others are...
  • UPA woos students, plans education loan sops March 21, 2008

    New Delhi: After the agricultural loan waiver, there may be yet another loan sop in the offing by the UPA government. And this time it is the poor students who stand to benefit from this Rs 4000crore scheme being planned in the run up to the General Elections. Ankit is...
  • Unsure about funds, AP CM waives off Rs 1,690cr loan March 20, 2008

    Hyderabad: After farmers, the Congress government in Andhra Pradesh has decided to dole out sops to Scheduled Castes, Scheduled Tribes and Backward Classes, announcing Rs 1,690crore waiver for loans taken by 45 lakh people. Says Andhra Pradesh Chief Minister, YS Rajasekhara Reddy, We will waive loans taken up to Rs...