Press Information Bureau

Government of India

Ministry of Finance

22-November-2012 19:03 IST

No proposal or scheme to waive off agricultural loans of farmers of the country taken from nationalized banks is under consideration of the Government at present.

The Government of India has implemented Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. Under the Scheme Rs. 52,275.55 crore has been released by the Government through RBI and NABARD to give benefit to 3.45 crore farmers.

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

* * *

DSM/RS/ka

Agricultural debt waiver: no current proposal to waive farmers' bank loans; a prior central scheme provided debt relief. No proposal to waive agricultural loans taken from nationalized banks is currently under consideration, as stated in a written parliamentary reply; the Government previously implemented the Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008, under which funds were released through a central disbursal mechanism to provide debt relief to millions of beneficiary farmers.