Business Daily from THE HINDU group of publications
Wednesday, Apr 25, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Apr 25, 2007 ePaper |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Farm credit States - Kerala Banks implement relief package for debt-stressed dists Our Bureau
Thiruvananthapuram April 24 The commercial banks have implemented the Central relief package announced for three debt-stressed districts. . This was revealed at the meeting of the State Level Bankers' Committee (SLBC) held here on Tuesday. The meeting was informed that up to March 2007, as many as 2,95,177 overdue loan accounts had been identified by the banks for rescheduling involving a liability of Rs 710.49 crore. This formed about 87 per cent of the estimated Rs 815.53 crore of overdue loans in the 3 districts. The banks have also waived overdue interest to the tune of Rs 218.30 crore, which constitutes 60.64 per cent of the total overdue interest to be waived in the districts. The meeting decided that Kerala would become the first State in the country to achieve 100 per cent financial inclusion by June 2007. Accordingly, the banks have been directed to ensure that all the households in the State are brought in the ambit of banking so as to free them from the clutches of moneylenders. The meeting noted that all the 248 loans, each with liabilities up to Rs 1 lakh, of the farmers who had committed suicide were written off by the commercial banks. The total amount thus written off was to the tune of Rs 76.65 lakh. The meeting was also informed that a special comprehensive insurance scheme for the coconut farmers was under the consideration of the State Government.
More Stories on : Farm credit | Kerala
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|