UP govt asks banks not to issue notices to loan waiver beneficiary farmers

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UP govt asks banks not to issue notices to loan waiver beneficiary farmers
UP govt asks banks not to issue notices to loan waiver beneficiary farmers

Lucknow: Uttar Pradesh government on Friday directed all the banks in the state to not issue any notice to small and marginal farmers, the beneficiaries of loan waiver scheme, till the passage of the budget for 2017-2018 fiscal.

The decision was taken during the high-level meeting helmed by Uttar Pradesh Chief Minister Yogi Adityanath. Government sources said that the decision has been taken to avert a Mandsaur-like protest in Uttar Pradesh.

Government will set up committees led by respective DMs for effective implementation of the scheme at the district level.

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CM Adityanath has also directed the concern officials to ensure that banks receive adequate funds for the implementation of loan waiver scheme which would benefit 86 lakh farmers in the state.

It may be mentioned that the Uttar Pradesh government, in its first cabinet meeting, had decided to waive crop loans up to Rs one lakh of small and marginal farmers till March 31, 2016. This would put an additional burden of around Rs 36,000cr to the exchequer.

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