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LATEST NEWS UPDATES | 5 months on, farm loan waivers for only 1.7 mn Maharashtra farmers -Abhiram Ghadyalpatil </title>
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Maharashtra minister for cooperation Subhash Deshmukh admits to delays and problems in the implementation of farm loan waiver in the state
Mumbai: When Maharashtra’s mega farm loan waiver was announced in June, it was initially planned to help 8.9 million indebted..."/>
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Maharashtra minister for cooperation Subhash Deshmukh admits to delays and problems in the implementation of farm loan waiver in the state
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<h1 class="cat-box-title">5 months on, farm loan waivers for only 1.7 mn Maharashtra farmers -Abhiram Ghadyalpatil</h1>
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<div align="justify">-Livemint.com<br /><br /><em>Maharashtra minister for cooperation Subhash Deshmukh admits to delays and problems in the implementation of farm loan waiver in the state<br /><br />Mumbai: </em>When Maharashtra’s mega farm loan waiver was announced in June, it was initially planned to help 8.9 million indebted farmers. This was later wound down to cover 5.6 million farmers. Five months on, it has managed to reach just 1.7 million.<br /><br />State minister for co-operation Subhash Deshmukh said on Tuesday that the state government has released Rs10,332 crore to banks for more than 1.7 million farmers. Of this, banks have scrutinized 943,000 accounts and had deposited Rs5,143 crore in those accounts till 5 December afternoon, Deshmukh said at the Mantralaya or state secretariat.<br /><br />The minister, whose department of co-operation is the main government agency implementing the loan waiver, admitted to delays and problems in reaching the benefits to eligible farmers. “But we have been able to sort out most of the problems that cropped up at the initial stages and now, the implementation has gathered pace. Each day, more than one lakh farmers are getting the benefits transferred to their accounts. We will soon cover all eligible farmers,” Deshmukh said.<br /><br />He heads a ministerial sub-committee formed by chief minister Devendra Fadnavis to implement the loan waiver. Announced on 24 June by Fadnavis after an unprecedented farmers’ strike in Ahmednagar, Nashik, and Western Maharashtra, the Rs34,022 crore farm loan waiver has had a bumpy ride. Fadnavis called the loan waiver “a historic” one for its scale. To be sure, the online application system—which asked the farmers to quote their bank account numbers and Aadhaar—helped the state government weed out nearly 2 million bogus accounts. The government also discovered another 1.5 million names of farmers who did not meet the eligibility criteria—some of these were found not exclusively dependent on farming and some were ineligible government employees or elected representatives.<br /><br />Finally, the multiple levels of scrutiny applied by government departments identified 5.6 million eligible applicants who quoted 7.7 million bank accounts. After the government announced 18 October as the day when the first list of 1 million farmers would get the benefits in their accounts, even this list showed serious discrepancies. The government, including Fadnavis, blamed banks for lack of due diligence.<br /><br />A senior government official associated with the image-building exercise of the government, admitted to the “great amount of negativity” over loan waiver implementation. <br /><br />Please <a href="http://www.livemint.com/Politics/GrNZXIpYgpPoxyYa1Pr2cL/5-months-on-farm-loan-waivers-for-only-17-mn-Maharashtra-f.html" title="http://www.livemint.com/Politics/GrNZXIpYgpPoxyYa1Pr2cL/5-months-on-farm-loan-waivers-for-only-17-mn-Maharashtra-f.html">click here</a> to read more. <br /></div>
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<h1 class="cat-box-title">5 months on, farm loan waivers for only 1.7 mn Maharashtra farmers -Abhiram Ghadyalpatil</h1>
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<div align="justify">-Livemint.com<br /><br /><em>Maharashtra minister for cooperation Subhash Deshmukh admits to delays and problems in the implementation of farm loan waiver in the state<br /><br />Mumbai: </em>When Maharashtra’s mega farm loan waiver was announced in June, it was initially planned to help 8.9 million indebted farmers. This was later wound down to cover 5.6 million farmers. Five months on, it has managed to reach just 1.7 million.<br /><br />State minister for co-operation Subhash Deshmukh said on Tuesday that the state government has released Rs10,332 crore to banks for more than 1.7 million farmers. Of this, banks have scrutinized 943,000 accounts and had deposited Rs5,143 crore in those accounts till 5 December afternoon, Deshmukh said at the Mantralaya or state secretariat.<br /><br />The minister, whose department of co-operation is the main government agency implementing the loan waiver, admitted to delays and problems in reaching the benefits to eligible farmers. “But we have been able to sort out most of the problems that cropped up at the initial stages and now, the implementation has gathered pace. Each day, more than one lakh farmers are getting the benefits transferred to their accounts. We will soon cover all eligible farmers,” Deshmukh said.<br /><br />He heads a ministerial sub-committee formed by chief minister Devendra Fadnavis to implement the loan waiver. Announced on 24 June by Fadnavis after an unprecedented farmers’ strike in Ahmednagar, Nashik, and Western Maharashtra, the Rs34,022 crore farm loan waiver has had a bumpy ride. Fadnavis called the loan waiver “a historic” one for its scale. To be sure, the online application system—which asked the farmers to quote their bank account numbers and Aadhaar—helped the state government weed out nearly 2 million bogus accounts. The government also discovered another 1.5 million names of farmers who did not meet the eligibility criteria—some of these were found not exclusively dependent on farming and some were ineligible government employees or elected representatives.<br /><br />Finally, the multiple levels of scrutiny applied by government departments identified 5.6 million eligible applicants who quoted 7.7 million bank accounts. After the government announced 18 October as the day when the first list of 1 million farmers would get the benefits in their accounts, even this list showed serious discrepancies. The government, including Fadnavis, blamed banks for lack of due diligence.<br /><br />A senior government official associated with the image-building exercise of the government, admitted to the “great amount of negativity” over loan waiver implementation. <br /><br />Please <a href="http://www.livemint.com/Politics/GrNZXIpYgpPoxyYa1Pr2cL/5-months-on-farm-loan-waivers-for-only-17-mn-Maharashtra-f.html" title="http://www.livemint.com/Politics/GrNZXIpYgpPoxyYa1Pr2cL/5-months-on-farm-loan-waivers-for-only-17-mn-Maharashtra-f.html">click here</a> to read more. <br /></div>
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<h1 class="cat-box-title">5 months on, farm loan waivers for only 1.7 mn Maharashtra farmers -Abhiram Ghadyalpatil</h1>
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<div align="justify">-Livemint.com<br /><br /><em>Maharashtra minister for cooperation Subhash Deshmukh admits to delays and problems in the implementation of farm loan waiver in the state<br /><br />Mumbai: </em>When Maharashtra’s mega farm loan waiver was announced in June, it was initially planned to help 8.9 million indebted farmers. This was later wound down to cover 5.6 million farmers. Five months on, it has managed to reach just 1.7 million.<br /><br />State minister for co-operation Subhash Deshmukh said on Tuesday that the state government has released Rs10,332 crore to banks for more than 1.7 million farmers. Of this, banks have scrutinized 943,000 accounts and had deposited Rs5,143 crore in those accounts till 5 December afternoon, Deshmukh said at the Mantralaya or state secretariat.<br /><br />The minister, whose department of co-operation is the main government agency implementing the loan waiver, admitted to delays and problems in reaching the benefits to eligible farmers. “But we have been able to sort out most of the problems that cropped up at the initial stages and now, the implementation has gathered pace. Each day, more than one lakh farmers are getting the benefits transferred to their accounts. We will soon cover all eligible farmers,” Deshmukh said.<br /><br />He heads a ministerial sub-committee formed by chief minister Devendra Fadnavis to implement the loan waiver. Announced on 24 June by Fadnavis after an unprecedented farmers’ strike in Ahmednagar, Nashik, and Western Maharashtra, the Rs34,022 crore farm loan waiver has had a bumpy ride. Fadnavis called the loan waiver “a historic” one for its scale. To be sure, the online application system—which asked the farmers to quote their bank account numbers and Aadhaar—helped the state government weed out nearly 2 million bogus accounts. The government also discovered another 1.5 million names of farmers who did not meet the eligibility criteria—some of these were found not exclusively dependent on farming and some were ineligible government employees or elected representatives.<br /><br />Finally, the multiple levels of scrutiny applied by government departments identified 5.6 million eligible applicants who quoted 7.7 million bank accounts. After the government announced 18 October as the day when the first list of 1 million farmers would get the benefits in their accounts, even this list showed serious discrepancies. The government, including Fadnavis, blamed banks for lack of due diligence.<br /><br />A senior government official associated with the image-building exercise of the government, admitted to the “great amount of negativity” over loan waiver implementation. <br /><br />Please <a href="http://www.livemint.com/Politics/GrNZXIpYgpPoxyYa1Pr2cL/5-months-on-farm-loan-waivers-for-only-17-mn-Maharashtra-f.html" title="http://www.livemint.com/Politics/GrNZXIpYgpPoxyYa1Pr2cL/5-months-on-farm-loan-waivers-for-only-17-mn-Maharashtra-f.html">click here</a> to read more. <br /></div>
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LATEST NEWS UPDATES | 5 months on, farm loan waivers for only 1.7 mn Maharashtra farmers -Abhiram Ghadyalpatil
5 months on, farm loan waivers for only 1.7 mn Maharashtra farmers -Abhiram Ghadyalpatil
Published on Dec 8, 2017
Modified on Dec 8, 2017
-Livemint.com
Maharashtra minister for cooperation Subhash Deshmukh admits to delays and problems in the implementation of farm loan waiver in the state
Mumbai: When Maharashtra’s mega farm loan waiver was announced in June, it was initially planned to help 8.9 million indebted farmers. This was later wound down to cover 5.6 million farmers. Five months on, it has managed to reach just 1.7 million.
State minister for co-operation Subhash Deshmukh said on Tuesday that the state government has released Rs10,332 crore to banks for more than 1.7 million farmers. Of this, banks have scrutinized 943,000 accounts and had deposited Rs5,143 crore in those accounts till 5 December afternoon, Deshmukh said at the Mantralaya or state secretariat.
The minister, whose department of co-operation is the main government agency implementing the loan waiver, admitted to delays and problems in reaching the benefits to eligible farmers. “But we have been able to sort out most of the problems that cropped up at the initial stages and now, the implementation has gathered pace. Each day, more than one lakh farmers are getting the benefits transferred to their accounts. We will soon cover all eligible farmers,” Deshmukh said.
He heads a ministerial sub-committee formed by chief minister Devendra Fadnavis to implement the loan waiver. Announced on 24 June by Fadnavis after an unprecedented farmers’ strike in Ahmednagar, Nashik, and Western Maharashtra, the Rs34,022 crore farm loan waiver has had a bumpy ride. Fadnavis called the loan waiver “a historic” one for its scale. To be sure, the online application system—which asked the farmers to quote their bank account numbers and Aadhaar—helped the state government weed out nearly 2 million bogus accounts. The government also discovered another 1.5 million names of farmers who did not meet the eligibility criteria—some of these were found not exclusively dependent on farming and some were ineligible government employees or elected representatives.
Finally, the multiple levels of scrutiny applied by government departments identified 5.6 million eligible applicants who quoted 7.7 million bank accounts. After the government announced 18 October as the day when the first list of 1 million farmers would get the benefits in their accounts, even this list showed serious discrepancies. The government, including Fadnavis, blamed banks for lack of due diligence.
A senior government official associated with the image-building exercise of the government, admitted to the “great amount of negativity” over loan waiver implementation.
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