The Hindu Business Line : Debt waiver: State co-operative banks find data collection difficult

Kolkata, June 26 With recent floods in some areas of West Bengal and the uncertain position prevailing in Darjeeling, co-operative banks are finding it difficult to collect data for the debt waiver and debt relief scheme.

The West Bengal State Co-operative Bank has, therefore, urged the Government to allow all State co-operative banks more time to submit the information.

According to Mr Samir Ghosh, Chairman, West Bengal State Co-operative, the government has assured the favourable consideration of the request.

Delegation

A delegation from National Federation of State Co-operative Banks met Mr Sharad Pawar, Union Minister for Agriculture, and the Nabard Chairman on June 23, 2008 to discuss issues pertaining to debt waiver.

The issue of the exclusion of pre-March 1997 defaulting borrowers from the ambit of debt waiver was brought to the attention of the Union Minister.

Mr Samir Ghosh, Chairman, West Bengal State Co-operative, has also been requested “to provide liquidity at a lower cost” for which the Chairman has said that “something is being worked out.”

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