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

 

New bird sanctuary near Gandipet Lake

The Park, to be built on par with Putrajaya KL Bird Park,will have around 2,000 birds of 150 species.

Congress launches party review in Nalgonda

Party leadership makes a show of unity at meeting

TRS will be part of Centre: K Kavitha

Opportunities will knock everyones door but cannot say when it comes. it depe-nds upon time, she said.

Singareni plans for an integrated mine put on hold

MoEF panel suggests redrafting proposal incorporating changes

Telangana crosses another milestone in rice milling

The rice now being processed in Miryalagunda is being marketed in all 31 Telangana districts.

Suspect in killing of Indian student Sharath Koppu shot dead, say Kansas police

Koppu was killed on July 6 during a suspected robbery attempt in a restaurant in Kansas City

Nawaz Sharifs fate for KCR family: Komatireddy Venkat Reddy

The KCR government is not completing several projects for fear of the Congress getting credit for them.

TDP seeks TRS support for no-trust motion

Seeks support for adjournment motion on unkept promises too

KT Rama Rao bombarded with queries and requests

People were tweeting multiple times about the same issue to get notice by the Minister.

Polls likely in November, says N Uttam Kumar Reddy

TPCC president said all leaders of the Congress in Telangana have been working to bring the party to power in the next elections.

No democracy in TRS, says NVSS Prabhakar

He said that there's no democracy in the state as all the civil rights have been suppressed.

Victims of Bidar mob attack recovering in Hyderabad hospital

Officials of the Embassy of Qatar in New Delhi visited the city on Sunday afternoon and met Mr Kuwaisi.

comments powered by Disqus