Waiver of loan by Co-Operative Banks

Waiver of loan by Co-Operative Banks

Government of India has provided funds to NABARD for reimbursement of the same to Cooperative Banks against their claim under Agricultural Debt Waiver and Debt Relief Scheme, 2008. So far, Rs. 17838.75 crore has been reimbursed to Cooperative Banks against their claim under ADWDRS, 2008, out of which Rs. 825.23 crore has been reimbursed to Rajasthan. As per the schedule of reimbursement provided under the Agricultural debt Waiver and Debt Relief Scheme, 2008, the lending institutions are expected to be compensated in a staggered manner in four installments i.e. in November 2008, July 2009, July 2010 and July 2011.

This information was given by Minister of State for Finance, Shri Namo Narain Meena in reply to a question raised by Shri Arjun Meghwal and Shri Harishchandra Chavan in Lok Sabha today.