Under the Agricultural Debt Waiver and Debt Relief Scheme(ADWDRS), 2008, 3.73 crore farmers were benefitted to the extent of Rs. 52,259.86 crore.

The Scheme has de-clogged the line of credit that were clogged due to the debt burden on the farmers and made them eligible for fresh loans.

To ensure that only eligible farmers are covered under the Scheme, every lending institution was made responsible for the correctness and integrity of the list of farmers eligible under the Scheme. The guidelines also provided for publication of list of beneficiaries, audit by concurrent, statutory or special auditors, grievance redressal mechanism, etc.

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

DSM/RS/ka

(Release ID :92458)

Agricultural debt waiver restores farmer credit access while requiring lender verification and grievance redressal mechanisms. The Agricultural Debt Waiver and Debt Relief Scheme, 2008 discharged indebtedness for 3.73 crore farmers to the extent of Rs. 52,259.86 crore, restoring credit access; lenders were made responsible for beneficiary list accuracy and the scheme required publication of beneficiaries, audits by concurrent, statutory or special auditors, and grievance redressal mechanisms.