Press Information Bureau

Government of India

Ministry of Finance

11-May-2012 17:43 IST

Vidyanathan Committee

Based on the recommendations of the Vaidyanathan Task Force-II, the Government had approved the Revival Package for Long Term Cooperative Credit Structure (LTCCS) in February, 2009. A Task Force was constituted to examine the impact of the Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008 and the implementation of the revival package for the Short Term Cooperative Credit Structure (STCCS) in the 25 implementing States on the Revival Package for the LTCCS. The Task Force has submitted its report. The proposal is being finalized in consultation with concerned Ministries.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

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DSM/SS/Hb

Revival package review of cooperative credit assesses STCCS implementation impacts and informs LTCCS policy adjustments. A Task Force assessed the impact of the Agricultural Debt Waiver and Debt Relief Scheme, 2008 and the implementation of the Revival Package for the Short Term Cooperative Credit Structure in the implementing States on the Revival Package for the Long Term Cooperative Credit Structure; the Task Force has submitted its report and the government is finalising a proposal in consultation with the concerned Ministries.