India - Banks warned against adjusting crop insurance to farm loans

26.12.2016 166 views
Dharwad district minister Vinay Kulkarni asked banks not to adjust the money released for faremrs under crop insurance schemes and Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) schemes to their loan accounts.
Speaking at a meeting convened to review the drought situation here on Friday, Kulkarni said farmers are in trouble due to severe drought. Under such situation, bank officials should not credit the crop insurance or MNREGA wages to the loan accounts. The minister also instructed the officials of the gram panchayats and agriculture department to lodge complaint against banks, if any, are indulging in such activities.
Kulkarni said there is no need to submit crop attestation certificates by farmers to avail the benefits of crop insurance and a self attested declaration is enough.
He also asked gram panchayat officials to encourage farmers to avail the benefits of the crop insurance schemes as it will provide monetary relief to them whenever there is crop loss on account of drought or flood.
The minister reviewed the progress of relief works being taken up in the district. He told panchayat development officers to ensure sufficient supply of fodder and water to the cattle. This apart, take steps to recharge existing borewells instead of digging new ones. He also asked additional deputy commissioner Ibrahim Maigur to contact the Infosys Foundation and request them to supply fodder free of cost to farmers like they did last year.
Source - http://timesofindia.indiatimes.com
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