70,000 farmers to benefit from debt waiver by Central Bank in MP

Bhopal, Jun 12 (UNI) More than 70,000 farmers with agricultural debts of about Rs 230 crore with Central Bank of India's branches in Madhya Pradesh would be benefited by the Agriculture Debt Waiver and Debt Relief Scheme of the Centre.

This was informed by Central Bank of India Executive Director K Subbaraman, who was here to take stock of implementation of the scheme by the Bhopal Zone of the Bank, a release said here today.

The bank has already commenced work towards disbursing fresh loans to the beneficiaries of the scheme.

Cases of about 100 farmers were processed by bank officials during the visit of Mr Subbaraman to Goharganj in Raisen District today, when a large number of farmers were also present.

Mr Subbaraman advised Regional Managers of Bhopal Zone to ensure speedy implementation of the scheme so that all eligible farmers were provided fresh loans before the deadline fixed by the Reserve Bank of India.

The bank has opened two new branches in the current financial year and eight more branches are going to be opened soon. The bank is also making focused efforts to increase its C:D ratio in the state that currently stands at 69 per cent, the release added.

UNI PS SR GC1935