(a) whether the banks have auctioned the lands mortgaged by Tribals, particularly Non-
Scheduled Tribes (STs) in case of default during the last three years; and
(b) if so, the details thereof, Bank-wise?
(a) whether the banks have auctioned the lands mortgaged by Tribals, particularly Non-
Scheduled Tribes (STs) in case of default during the last three years; and
(b) if so, the details thereof, Bank-wise?
The Minister of State in the Ministry of Finance (SHRI NAMO NARAIN MEENA)
(a) & (b): As informed by Indian Banks` Association (IBA), banks normally lend loans to tribals
for cultivation and even if any security is obtained by way of mortgage, the same cannot
be sold under the provisions of Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002. Under the Securitisation Act, agricultural lands
in general are exempt from the provisions of the Act and as such no Bank has any right to
sell such lands by taking possession thereof.