Question : LOANS TO FARMERS



(a) whether the Government propse to provide any type of relaxation on loan not paid by the farmers; and

(b) if so. the details thereof?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL):

(a) and (b) In order to provide appropriate relief to chronic defaulting farmers who are unable to repay the principal amount together with accumulated interest due to circumstances beyond their control, alf scheduled commercial banks had been advised by Reserve Bank of India in July. 1998 to consider settlement of overdues in respect of such farmers on merits of each case, as a measure of relief.