Maharashtra panel gives new crop loans to farmersHome

The Vasantrao Naik Sheti Swavlamban Mission (VNSSM), set up by the Maharashtra government, proposes to provide new crop loans to all farmers in 14 districts, its chairman said.

"We have proposed 100 percent new crop loans worth around Rs.40, 000 crore to all farmers from April 2016, for which the state government and NABARD would be required to make suitable funds outlay," VNSSM's newly-appointed chairman Kishore Tiwari told.

Besides, the VNSSM, headquartered in Amravati, has recommended restructuring of all existing farm loans for which funds have already been allocated, but the banks have failed to complete their targets, he added.

The VNSSM will approach the Reserve Bank of India to relax norms to facilitate disbursal of fresh farm credits and impress upon banks to cooperate with the farmers to avoid more suicides in the worst-hit areas of Vidarbha and parts of Marathwada regions.

Source: http://zeenews.india.com