(a) whether the Government has decided to waive the requirement of no-dues certificate for
grant of small loans to farmers as reported in Dainik Jagaran dated *he April 25, 2007;
(b) if so, the details thereof;
(c) whether the banks would provide loans to farmers in the country without submission of
no-dues certificate; and
(d) if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) to (d) : Yes, Sir. Reserve Bank of India vide Circular dated 30 April 2007 has issued
instructions to the Chairman & Managing Director/Chief Executive Officer of All Scheduled
Commercial Banks (including Regional Rural Banks) that banks may dispense with the requirement
of No-Due Certificate for small loans upto Rs.50,000/- to small & marginal farmers, share
croppers and the like and, instead, obtain self-declaration from the borrower.