Scrutiny of 30.7 lakh farmers’ accounts in 36 non-commercial banks in Maharashtra that have received a total of Rs 5,376 crore under the Agricultural Debt Waiver and Debt Relief Scheme of 2008, is currently under way.

The process, which is being monitored by NABARD’s regional office at Pune, will be completed in a months’ time, and the report, sought after a scathing CAG’s report on agri loans, will be handed over to the Finance Minister, NABARD has said. The majority of these accounts (23.5 lakh) are of debt waiver, while the remaining concern debt relief.

M. V. Ashok, Chief General Manager, NABARD, Pune, said that during FY’13, the bank had provided financial support of Rs 7,348.39 crore, translating into 22 per cent growth over the previous year. NABARD supported district central co-operative banks and regional rural banks in the State with Rs 4,937 crore to disburse crop loans to farmers, posting a growth of 22.3 per cent in this sector. The target this year is Rs 5,750 crore, he added.

Amongst the focus areas this current fiscal are implementation of watershed development projects. “We want 30 NGOs, who are participating, to use MNREGS funds, which are available, for these projects. NABARD will give management funds,” Ashok said.

(This article was published on April 8, 2013)
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