By Rajashekara S
Funds achieving ineligible beneficiaries or the in point of fact deserving ones being denied their proper were the bugbear of all farm loan waiver schemes.
Learning from Maharashtra and the CAG audit of the Centre’s loan waiver of 2008, the state govt has made up our minds to hyperlink the scheme to Aadhar, Permanent Account Numbers and land records like Pahani (report of tenancy certificates).
This would make certain that most effective those farmers who are below distress or those that took the loan for cultivating plants (and not for some other industry) get the waiver. This would additionally cut back the loan waiver burden on the state govt.
SinceAadhaar is already linked to banks and schemes of the Central and State governments, it would mechanically supply main points to make sure financial status of farmers and tell the federal government if they are eligible for a loan waiver or not.
As farm loans are given in accordance with the agriculture land papers, the federal government is thinking of linking land main points to Aadhaar when farmers seek the loan waiver. The linking will be sure that benefits succeed in the farmer without delay. Similarly, PAN card main points can be bought from those farmers who have one. This will lend a hand the federal government assess the farmers’ financial situation in accordance with which it is going to determine the beneficiaries.
Pahani supplies main points of cultivation once a year. Some farmers take loan for industry or some other function. If Pahani issues that there was once no crop cultivated during the loan period, then such farmers is probably not incorporated within the waiver scheme.
Waiver over 5 years
Announcing the extensive contours of the loan waiver plan, Chief MinisterHD Kumaraswamy on Wednesday mentioned that farm loans availed between April 1, 2009 and December 31, 2017 can be waived.
He was once talking after a gathering with representatives from farming our bodies, top officials along side deputy leader minister GParameshwara and deputy leader within the Legislative Assembly, Govind Karjol.
As reported through BM on Wednesday, the federal government is exploring a One- Time Settlement (OTS) scheme through talking to the public sector banks (PSBs) so that it eases the load on the exchequer, is helping the deficient farmer and silences the BJP which has been not easy a farm loan waiver scheme ‘through Monday’.
Kumaraswamy mentioned he would discuss the problem with AICC presidentRahul Gandhi , who he mentioned may be for loan waiver, and take a final call on the scheme within the next fortnight.
The govt may be mulling bargaining with nationalised banks and in the hunt for concessions on fee of the important apart from an entire waiver on interest on the loan.
Exemption for some
The farm loan waiver scheme will include riders - farmers paying source of revenue tax for the remaining 3 financial years, elected representatives (MLAs, MLCs and MPs), govt employees who have availed farm loans, industry or any other salaried magnificence who own land and have availed farm loan is probably not eligible.
Kumaraswamy mentioned that most effective small and marginal farmers (with land holdings below 5 acres) shall be coated within the first phase; big-time farmers (with land holdings above 5 acres) could be incorporated in the second phase.
The govt will pop out with an entire plan, including main points of the `debt-free certificates’ to be delivered at the doorsteps of beneficiaries quickly. It may even set up nodal businesses in all taluks to be without delay monitored through the respective district Deputy Commissioners. Farmers shall be asked to supply main points in their loans to these officials. This has been finished to keep away from misuse of finances meant for loan waiver, Kumaraswamy mentioned.
DyCM snubbed
Earlier, Deputy Chief Minister Parameshwara mentioned a panel can be set up to examine farm loans. The transfer was once seen as a delaying tactic.
Kumaraswamy, alternatively, mentioned that he would take a final resolution within the next two weeks after talking to Rahul Gandhi indicating obviously that he would deal most effective with theCongress boss and not his minions within the state.
River water diversion
The govt is more likely to take a call on supplying river water, instead of borewell water, to each village. This will cost the exchequer Rs 40,000 crore, Kumaraswamy mentioned.
Funds achieving ineligible beneficiaries or the in point of fact deserving ones being denied their proper were the bugbear of all farm loan waiver schemes.
Learning from Maharashtra and the CAG audit of the Centre’s loan waiver of 2008, the state govt has made up our minds to hyperlink the scheme to Aadhar, Permanent Account Numbers and land records like Pahani (report of tenancy certificates).
This would make certain that most effective those farmers who are below distress or those that took the loan for cultivating plants (and not for some other industry) get the waiver. This would additionally cut back the loan waiver burden on the state govt.
Since
As farm loans are given in accordance with the agriculture land papers, the federal government is thinking of linking land main points to Aadhaar when farmers seek the loan waiver. The linking will be sure that benefits succeed in the farmer without delay. Similarly, PAN card main points can be bought from those farmers who have one. This will lend a hand the federal government assess the farmers’ financial situation in accordance with which it is going to determine the beneficiaries.
Pahani supplies main points of cultivation once a year. Some farmers take loan for industry or some other function. If Pahani issues that there was once no crop cultivated during the loan period, then such farmers is probably not incorporated within the waiver scheme.
Waiver over 5 years
Announcing the extensive contours of the loan waiver plan, Chief Minister
He was once talking after a gathering with representatives from farming our bodies, top officials along side deputy leader minister G
As reported through BM on Wednesday, the federal government is exploring a One- Time Settlement (OTS) scheme through talking to the public sector banks (PSBs) so that it eases the load on the exchequer, is helping the deficient farmer and silences the BJP which has been not easy a farm loan waiver scheme ‘through Monday’.
Kumaraswamy mentioned he would discuss the problem with AICC president
The govt may be mulling bargaining with nationalised banks and in the hunt for concessions on fee of the important apart from an entire waiver on interest on the loan.
Exemption for some
The farm loan waiver scheme will include riders - farmers paying source of revenue tax for the remaining 3 financial years, elected representatives (MLAs, MLCs and MPs), govt employees who have availed farm loans, industry or any other salaried magnificence who own land and have availed farm loan is probably not eligible.
Kumaraswamy mentioned that most effective small and marginal farmers (with land holdings below 5 acres) shall be coated within the first phase; big-time farmers (with land holdings above 5 acres) could be incorporated in the second phase.
The govt will pop out with an entire plan, including main points of the `debt-free certificates’ to be delivered at the doorsteps of beneficiaries quickly. It may even set up nodal businesses in all taluks to be without delay monitored through the respective district Deputy Commissioners. Farmers shall be asked to supply main points in their loans to these officials. This has been finished to keep away from misuse of finances meant for loan waiver, Kumaraswamy mentioned.
DyCM snubbed
Earlier, Deputy Chief Minister Parameshwara mentioned a panel can be set up to examine farm loans. The transfer was once seen as a delaying tactic.
Kumaraswamy, alternatively, mentioned that he would take a final resolution within the next two weeks after talking to Rahul Gandhi indicating obviously that he would deal most effective with the
River water diversion
The govt is more likely to take a call on supplying river water, instead of borewell water, to each village. This will cost the exchequer Rs 40,000 crore, Kumaraswamy mentioned.
Aadhaar PAN needed for loan waiver
![Aadhaar PAN needed for loan waiver]()
Reviewed by Kailash
on
May 31, 2018
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