Farm loans of Rs.1 bn written off in Tripura

July 8th, 2008 - 6:23 pm ICT by IANS  

Agartala, July 8 (IANS) State-owned commercial and regional rural banks have waived off Rs.1 billion worth of agricultural loans to small and marginal farmers in Tripura, officials said here Tuesday. “Agricultural loans, disbursed between April 1997 and March 2007 to small and marginal farmers, whose land holdings are up to two hectares, would be waived along with the interest,” said Samar Sen Gupta, assistant general manager of the United Bank of India.

The banks have finalised the list of the beneficiaries.

“Altogether, 54,209 farmers whose loans were written off will also now be eligible for fresh loans from any bank,” said Sen Gupta, who is also the convenor of the state-level bankers’ committee.

He said banks have also appointed grievance redressal officers (GRO) for quick disposal of representations, if any, from farmers.

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