Proposals /
Suggestions
žCredit Flow to
Agriculture sector be increased at the rate of 35~45% per year.
žDebt
restructuring in respect of farmers declared as ‘defaulters’ be rescheduled with imposition of waiver of
30~35% and outstanding loans
recovery may be scheduled for a maximum period of 5 years. These farmers
may be made eligible for fresh
credit.
žSpecial
One-Time settlement scheme for old and chronic loan accounts of small farmers be announced.
žIt must be made
compulsory for the commercial bank to finance 25 ~50 farmers / branch in a season.
žTax relaxation
be given on the land mortgaged against agriculture loan.
žThe farmers
willing to return loan on harvesting (with-in six months) may be given relief in mark-up by 50%.
žThe markup ratio on Agricultural may be brought
at par with the
neighbouring Agricultural Countries.