The Hindu Business Line : ‘Give priority to Nabard, RRBs in loan waiver’

Kolkata, May 27 The All India Regional Rural Bank Employees Association has urged the Government and Nabard that RRBs should be given priority for the ‘loan waiver scheme’ as the client base of regional rural banks is made up of only small and marginal farmers, sharecroppers and landless agricultural labourers.

Altogether 88 RRBs through 14,600 branches in 550 districts have so far submitted their claims for about Rs 13,000 crore to Nabard. The banks usually extend finance to agricultural borrowers out of the refinance taken from Nabard and in some cases, partly from sponsor banks. They have to repay the instalments due to Nabard or sponsor bank in order to get fresh refinance.

More Stories on : Regional Rural Banks | Farm credit

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
‘Give priority to Nabard, RRBs in loan waiver’

Rupee slides further

Rangarajan moots recipe to tackle big capital flows

South Indian Bank unveils online bill payment facility

Searing momentum in rupee

TMB full year net rises 20%

Aviva Life plans more branches in western region

HDFC Bank to seek nod to raise borrowing limit

PNB’s 24th branch in Bangalore

No case for rates to go up in immediate term, says Kamath

Deccan Grameena Bank to focus on loans to women to buy gold

Magma Shrachi to offer personal loans

Banks want equipment performance guarantee for power projects

Call rates end higher

PNB keen on 51% stake in Bhutan venture

Sundaram Fin bucks weak trend in car, CV segments