Press Information Bureau

Government of India

Ministry of Finance

22-August-2012 17:22 IST

The Agriculture Debt Waiver and Debt Relief Scheme, 2008 was implemented by Public Sector Banks, Private Sector Banks, Cooperative Banks, Local Area Banks and Regional Rural Banks. The Debt Waiver portion of the Scheme closed on 30.6.2008. The Debt Relief portion of the Scheme closed on 30.6.2010.

Under the Scheme, Rs.52,275.55 crore have been released by the Government through Reserve Bank of India and National Bank for Agriculture and Rural Development to give benefit to 3.45 crore farmers.

In respect of State Cooperative Banks, Rs.18305.55 crore have been released by Government to give benefit to 1.297 crore farmers.

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/RS/Hb

 

 

Agriculture Debt Waiver and Debt Relief Scheme provided relief to millions of farmers through bank-mediated disbursals and closures. The Agriculture Debt Waiver and Debt Relief Scheme, 2008 implemented through public, private, cooperative, local area and regional rural banks comprised a debt waiver (closed 30 June 2008) and debt relief (closed 30 June 2010) mechanism, with government releases routed through the Reserve Bank of India and NABARD to fund disbursements to eligible farmer beneficiaries, including a distinct allocation channeled to State Cooperative Banks to reach cooperative-credit borrowers.