Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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NEW DELHI: Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit..."/>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken.<br /><br />The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans based on announcements from the state governments, banking sources said. In 2016, while announcing the Rs 6,000-crore loan waiver, Tamil Nadu, for instance, had decided to clear the dues of over Rs 3,200 crore to cooperative institutions over five years. States, such as Uttar Pradesh, have cleared the dues to lenders, the sources added. <br /><br />Nabard's advisory will put pressure on the states to ensure that they have funds in their budget as most states that have announced a loan waiver ignored their financial position. &quot;The credit cycle stops if our dues are not cleared by the states,&quot; said a banker. With a large amount yet to be reimbursed banks go slow on lending to farmers at a time when their non-performing assets soar due to farmers stopping their regular loan repayments.<br /><br />At a recent state-level bankers' committee meeting in Karnataka, which announced a loan waiver earlier this year, it was pointed out that there was a Rs 5,353 crore fall in the outstanding agricultural loans between March and June, 2018. With farmers complaining of pressure on their income, Nabard is keen to ensure that loan flow is not choked in any manner, the sources said. <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/clear-bank-dues-when-loans-are-waived-nabard-to-states/articleshow/67222637.cms" title="https://timesofindia.indiatimes.com/business/india-business/clear-bank-dues-when-loans-are-waived-nabard-to-states/articleshow/67222637.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken.<br /><br />The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans based on announcements from the state governments, banking sources said. In 2016, while announcing the Rs 6,000-crore loan waiver, Tamil Nadu, for instance, had decided to clear the dues of over Rs 3,200 crore to cooperative institutions over five years. States, such as Uttar Pradesh, have cleared the dues to lenders, the sources added. <br /><br />Nabard's advisory will put pressure on the states to ensure that they have funds in their budget as most states that have announced a loan waiver ignored their financial position. &quot;The credit cycle stops if our dues are not cleared by the states,&quot; said a banker. With a large amount yet to be reimbursed banks go slow on lending to farmers at a time when their non-performing assets soar due to farmers stopping their regular loan repayments.<br /><br />At a recent state-level bankers' committee meeting in Karnataka, which announced a loan waiver earlier this year, it was pointed out that there was a Rs 5,353 crore fall in the outstanding agricultural loans between March and June, 2018. With farmers complaining of pressure on their income, Nabard is keen to ensure that loan flow is not choked in any manner, the sources said. <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/clear-bank-dues-when-loans-are-waived-nabard-to-states/articleshow/67222637.cms" title="https://timesofindia.indiatimes.com/business/india-business/clear-bank-dues-when-loans-are-waived-nabard-to-states/articleshow/67222637.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken.<br /><br />The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans based on announcements from the state governments, banking sources said. In 2016, while announcing the Rs 6,000-crore loan waiver, Tamil Nadu, for instance, had decided to clear the dues of over Rs 3,200 crore to cooperative institutions over five years. States, such as Uttar Pradesh, have cleared the dues to lenders, the sources added. <br /><br />Nabard's advisory will put pressure on the states to ensure that they have funds in their budget as most states that have announced a loan waiver ignored their financial position. &quot;The credit cycle stops if our dues are not cleared by the states,&quot; said a banker. With a large amount yet to be reimbursed banks go slow on lending to farmers at a time when their non-performing assets soar due to farmers stopping their regular loan repayments.<br /><br />At a recent state-level bankers' committee meeting in Karnataka, which announced a loan waiver earlier this year, it was pointed out that there was a Rs 5,353 crore fall in the outstanding agricultural loans between March and June, 2018. With farmers complaining of pressure on their income, Nabard is keen to ensure that loan flow is not choked in any manner, the sources said. <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/clear-bank-dues-when-loans-are-waived-nabard-to-states/articleshow/67222637.cms" title="https://timesofindia.indiatimes.com/business/india-business/clear-bank-dues-when-loans-are-waived-nabard-to-states/articleshow/67222637.cms">click here</a> to read more. <br /></div>                                                           
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Clear bank dues when loans are waived: NABARD to states -Sidhartha

Published on Dec 24, 2018   Modified on Dec 24, 2018

-The Times of India NEW DELHI: Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken. The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans based on announcements from the state governments, banking sources said. In 2016, while announcing the Rs 6,000-crore loan waiver, Tamil Nadu, for instance, had decided to clear the dues of over Rs 3,200 crore to cooperative institutions over five years. States, such as Uttar Pradesh, have cleared the dues to lenders, the sources added. Nabard's advisory will put pressure on the states to ensure that they have funds in their budget as most states that have announced a loan waiver ignored their financial position. "The credit cycle stops if our dues are not cleared by the states," said a banker. With a large amount yet to be reimbursed banks go slow on lending to farmers at a time when their non-performing assets soar due to farmers stopping their regular loan repayments. At a recent state-level bankers' committee meeting in Karnataka, which announced a loan waiver earlier this year, it was pointed out that there was a Rs 5,353 crore fall in the outstanding agricultural loans between March and June, 2018. With farmers complaining of pressure on their income, Nabard is keen to ensure that loan flow is not choked in any manner, the sources said. Please click here to read more.

The Times of India, 24 December, 2018, https://timesofindia.indiatimes.com/business/india-business/clear-bank-dues-when-loans-are-waived-nabard-to-states/articleshow/67222637.cms

Tagged with: Debt Relief Debt Repayment debt waiver scheme Loan Waiver National Bank for Agriculture and Rural Development (NABARD)

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