The Hindu Business Line : SBH farm loan waiver scheme

State Bank of Hyderabad has launched agricultural relief scheme as part of the agricultural loan waiver announced in the Union Budget. As part of the launch, Mr P.K. Panda, Chief General Manager, SBH, interacted with the farmers at Cheeryal branch, Ranga Reddy district on Tuesday and explained them about the waiver scheme. The small and marginal farmers who had availed themselves of agricultural loans prior to March 31, 2007 which were over due as on December 31, 2007 and still outstanding as on February 29, 2008 were eligible for waiver under the scheme, he said. In case of other farmers, 25 per cent of the over due loan amount or Rs 20,000 whichever is higher is eligible for relief provided the borrower repays the 75 per cent of the outstanding loan, according to a release. - Our Bureau

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