DLCC reschedules farmers? loans | india | Hindustan Times
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DLCC reschedules farmers? loans

india Updated: Sep 15, 2006 15:09 IST
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THE SPECIAL district-level consultative committee (DLCC) meeting of the bankers held at the district lead bank – Bank of India — here on Thursday, decided to reschedule the farmerss’ short-term loans into long-term ones as a part of relief measures due to the recent floods and excess rains. It was decided in the meeting that considering substantial damage to Kharif crops due to heavy rains and subsequent floods, the loan repayment period would be extended to three years.

“Rescheduling would be done on the scale of finance and restructuring, along with no compounding for three years,” said Lead District Manager (Bhopal district) N P Parhate. As a relief measure, provision of consumption loan has also been included in the package and proposals for fresh loans would also be considered. The meeting also reviewed performances of government-sponsored schemes like PMRY, Swarna Jayanti Gramin Swarojgar Yojna (SJGSY) and Swarna Jayanti Shahri Swarojgar Yojna for Q1 (June ending).

On the occasion, district Collector S K Mishra said the original target for SJGSY has been revised thrice due to availability of fund with the Nehru Yuva Kendra. However, some of the banks expressed apprehensions over the upward revision of target, feeling that it would be quite difficult to achieve.