The government is planning to transfer money in to farmers' accounts in selected tehsils in seven districts where 90 per cent information about loan waiver applicants has been sent by banks
It's been a 100 days since Chief Devendra Fadnavis announced one of the largest farm loan waivers by any state ever, but it is increasingly unclear whether this Diwali will bring farmers much cheer as the government seems unsure whether it will be able to disburse the promised Rs 34,000 crore by then.
On Tuesday, Agriculture Minister Pandurang Phundkar had declared that farmers across the state would receive funds to pay off their loans by Diwali, which is on October 19.
According to Minister for Co-operation, Marketing, and Textiles Subhash Deshmukh, the state government is yet to receive complete information about farmers, failing which it is impossible to transfer money to their accounts.
The government is planning to transfer money in to farmers' accounts in selected tehsils in seven districts where 90 per cent information about loan waiver applicants has been sent by banks. "Even then we will be not in position to begin the disbursement immediately as the verification may take some time," an official admitted.
The state government has so far received 77.29 lakh loan waiver applications, which will cover 57 lakh families, since only one person per household is eligible for the benefit.
Deshmukh said that it was true that a few banks are lagging in compliance with the data and the Chief minister has himself spoken to highest officials of these banks including the State Bank of India, which has submitted only 24 per cent data.
Farmers have availed loans from across 65 banks, which include 30 district central cooperative banks (DCCBs). About 35 private and commercial banks, which have more than 50 lakh account holders with outstanding dues, have provided only 40 per cent of the data required for disbursement.
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