Union govt has not paid us loan waiver amount: Beed Bank

Beed, Maharashtra, Sep 16 (UNI) The Beed District Co-operative Bank has alleged that the union government has not paid them the money, which they had waived for small and marginal farmers, under the loan waiver scheme.

The bank waived loans worth Rs 49 crore of 13,354 farmers and Rs 5.62 crore worth loans are still to be paid by the farmers, who are not eligible for loan waiver.

''Due to this, transactions in the bank have been completely stopped. Government just declared loan waiver, but till now the bank has not got a single rupee and we are unable to pay the employees.'' D S Jadhav, Chief District Manager the bank told UNI.

''If situation goes worse, we will not be able to pay our employees and disburse loans, which will lead to a collapse in Banking,'' Mr Jadhav said.

UNI XR SR GL VC1745