Farm loan waiver: Over one lakh farmers in the district likely to be benefitted


Nashik : Around 1.25 lakh farmers including small and marginal farmers across the district are likely to benefit from the state government’s farm loan waiver.

There are close to 1.25 lakh farmers in the district who are eligible to receive Rs 10,000 as interim assistance for kharif season. These beneficiary farmers are most likely to fulfil new criteria set by the state government on the waiver of farm loans. It is being speculated that the govt may write off their loans.

In the district, there are about 3 lakh debt-ridden farmers, including small, marginal and big farmers. Meanwhile, in an important decision, the Reserve Bank of India (RBI) has decided to accept the demonetised Rs 500 and Rs 1000 notes lying with all the District Central Cooperative Banks (DCCBs).

With this, one of the worst-hit cooperative banks in the state, the Nashik District Central Cooperative Bank (NDCC) received a big relief yesterday as scrapped currency worth around Rs 341 crore which was stuck post demonetisation will be exchanged by the RBI. The NDCC Bank is likely to keep the blocked money as reserve fund in order to reduce fiscal deficit and repay to the depositors.

As per the new orders, the DCCBs can deposit the demonetised notes collected during the five-day period post-demonetisation of November 8, 2016, with the RBI within the next 30 days.