Big announcement for farmers taking loans of this state, one-time settlement scheme announced

Haryana government has announced a one-time settlement scheme for loanee farmers or members of District Agriculture and Land Development Bank. State Cooperative Minister Banwari Lal said that 100 percent rebate will be given on the outstanding interest under the scheme announced for the members taking loans. He said that if the farmer who took the loan has died, then his heirs will be given this exemption on depositing the principal amount by March 31, 2022. The state government hopes that a large number of farmers will take advantage of this scheme, as they are being given relief in many ways.

He said that for this, 100% rebate in overdue interest would be provided to the heirs of the deceased borrowers on depositing the entire principal amount in the loan account. Penalty, interest and other expenses will also be waived. He said, “The total number of dead borrowers of the bank is 17,863, whose total outstanding amount is Rs 445.29 crore. This includes principal amount of Rs 174.38 crore and interest of Rs 241.45 crore and penal interest of Rs 29.46 crore.

The scheme will be applicable on all types of bank loans

Under this scheme, farmers taking all other loans will also be given a rebate of 50 percent interest. Their fine, interest and other expenses will also be waived. This scheme will be applicable on all types of loans of the bank. According to the scheme, if the loan holder could not pay his loan due to any reason and has been declared a defaulter by the bank on 31 March 2022, he can still take advantage of this scheme.

The minister said that the scheme is for a short time. In such a situation, farmers should also take advantage of this scheme as soon as possible. To take advantage of this scheme, farmers can contact the branches created at the tehsil level. According to the information given by the Cooperation Department, the District Primary Co-operative Agriculture and Rural Development Bank and its 70 branches established at the tehsil level will help the farmers regarding this scheme.

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