(a) whether the recommendations of the Vaidyanathan Working Committee-II on a
revival package of Long Term Cooperative Credit Structure have been implemented;
(b) if so, the details thereof and if not, the reasons therefor; and
(c) the time by which the said recommendations are likely to be implemented?
The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)
(a) to (c): The Government had constituted a Task Force in January, 2005 to suggest an
implementable action plan for reviving the Long-Term Cooperative Credit Structure(LTCCS)
in the country which submitted its report in August, 2006. Subsequent to the implementation
of Agriculture Debt Waiver and Debt Relief Scheme, 2008, the LTCCS package was revised by
the Government. However, the Government decided to have a re-look at the viability and
relevance of a separate package for LTCCS and constituted a Task Force in September, 2009
which has submitted its report to the Government. The matter of revival package for LTCCS
is under consideration.