Question : INTEREST RATE ON WRITTEN OFF LOANS



(a) whether the Public Sector Banks have requested the Government to pay the interest on the written-off loans under its policy;

(b) if so, the details thereof; and

(c) the steps taken/being taken by the Government in this regard?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI PAWAN KUMAR BANSAL)

(a) to (c) : In view of the staggered schedule for reimbursing the claims of the lending institutions under Agricultural Debt Waiver and Debt Relief Scheme 2008 (ADWDRS), the Government has decided to pay interest on the 2nd, 3rd, and 4th instalments of the reimbursable claims. The interest will be paid on these instalments from the date of the reimbursement of the first instalment till the date of the actual reimbursement.