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Friday, Dec 13, 2019

'Bihar gets raw deal in loan waiver scheme'

The NDA-ruled Bihar has been given a raw deal in the agricultural loan waiver scheme announced by the Centre, says Modi.

patna Updated: Aug 06, 2008 09:58 IST


The NDA-ruled Bihar seems to be on the low priority list of the UPA government as it has been given, the state government claims, a raw deal in the agricultural loan waiver scheme announced by the Centre.

Deputy Chief Minister of Bihar Sushil Kumar Modi has told PTI in Patna that of the Rs 70,000 crore loan waiver scheme for the farmers announced by the Centre, only Rs 2464.35 crore was granted to Bihar representing only about 3.5 per cent of the total waiver amount.

Modi said in comparison to Bihar, the farmers in the south and west would reap the benefit of the loan waiver scheme between Rs.10,000 crore to Rs 20,000 crore respectively.

The deputy chief minister said the low share of Bihar farmers was mainly due to the condition laid down by the Centre that the scheme would not apply to any loan disbursed by a lending institution prior to March 31,1997.

"This restriction is going to exclude a large number of farmers from the purview of the scheme."

As per the state government's estimates, about 8.09 lakh loanee farmers of the Central Cooperative Banks and 1.35 lakh loanee farmers of the Bihar State Land Development Bank would not be able to get the actutal benefit of the loan waiver scheme, Modi said. The total amount involved would be around Rs 895 crore.