Latest News

Crop loan disbursal delayed due to PPB technicalities

eTelangana.org | Published: 11th July 2018 | Posted Date: Wednesday 11th July 2018 05:41 PM

A farm hand busy with transplantation in Sangareddy on Tuesday.

Disbursal of crop loans to aspiring farmers during the current kharif season is being delayed, thanks to technicalities relating to the pattadar passbooks (PPBs).

The government had issued new PPBs to over 50 lakh farmers in recent weeks, but the details of the previous loans obtained by the farmers are not mentioned in the new passbooks.

As a result, banks are said to be reluctant to disburse loans and insisting the farmers to obtain no-objection certificates from the banks in their vicinity for processing the fresh loan applications.

The State, during the recent meeting of the State Level Bankers Committee, has pegged the total loans in agriculture portfolio at ₹58,063 crore, ₹22,380 crore higher than the last year.

Of this, crop loans were estimated at ₹42,494 crore and the term loans constitute the balance ₹15,569 crore.

Senior officials admit that the disbursal has been “very slow” as the banks are keen on ascertaining the previous dues of farmers before taking a call on the quantum that should be disbursed during the current season. Leave alone the commercial banks, similar delays were reported in the district cooperative central banks and the apex bank, Telangana State Cooperative Bank too and the issue was taken to the notice of the National Bank for Agriculture and Rural Development (NABARD).

“The State Cooperative Bank officials informed us that disbursal of loans is being delayed due to technical issues,” a senior Nabard official told The Hindu.

Loans are being disbursed to such farmers whose credentials have been verified and banks are either verifying the details in case of doubt on their own or are asking farmers to secure NOC from their banks nearby so that the process can be speeded up.

A senior official said the current impasse is due to delays in operationalising the Dharani portal which will have comprehensive database of the land holders along with the details of the previous loans obtained on the lands.

“This needs a revenue side solution. Bankers will be given access to land records in Dharani along with loans related to the lands. The account of particular farmers along with dues will be displayed and the bankers can take a call,” he said. The official asserted that such minor irritants are natural in the “transition period” and the issues would be resolved sooner than later.

Courtesy:https://www.thehindu.com/news/national/telangana/crop-loan-disbursal-delayed-due-to-ppb-technicalities/article24385550.ece

 

Ultra-processed food shortens life

Culprits include saturated fat, added sugar.

High added sugar leads to obesity

BHA is found in sausages, dried meats and foods with added fats.

KCR's Cabinet not to have KT Rama Rao, T Harish Rao, woman minister

6 new faces to find place in K Chandrasekhar Rao team.

Pakistan terrorists likely to attack cities on the coast, warns intelligence

MHA takes up multi-pronged approach with states to contain latest infiltration threat.

KT Rama Rao all praise for student for invention

Appreciating his work, Mr Rao presented him a cash prize of Rs 1.16 lakh.

Chinese firms feel heat of Pulwama

People call for a boycott of China products.

Raj Bhavans turning into political rehabs

Ruling parties give the post to leaders defeated in polls.

K Chandrasekhar Rao will delay Cabinet even at Centre: BJP

He also slammed Chief Minister KCR, saying that if Federal Front comes to power, there will be no Cabinet at the Centre, too.

Sania Mirza should be removed as Telangana ambassador: T Raja Singh

T. Raja Singhs demand came just when Sania Mirza was being trolled on social media for her statement on the Pulwama attack.

R Krishnaiah shocks Congress, joins YSRC

Mr Krishnaiah grabbed the ticket for Miryalaguda Assembly constituency in the last minute in the recently-held Assembly elections.

Hyderabad: Traffic curbs for 'Chhatrapati Shivaji Maharaj' birthday fete

The procession is being organised by the Chhatrapathi Shivaji Marata Navyuvak Mandal.

Hyderabad: 5 tamper passports, aid illegal travel, held

Gang restored passports once visa was issued.

comments powered by Disqus