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Wednesday September 24th
. $150 Billion Of New Investment And 2.5 Lakh Hi-Tech Jobs On Anvil In India-US Civil Nuclear Deal (0 comments)

Tuesday September 23rd
. It Happen Only In Bihar, BSEB Sells Power Outside To Earn Revenue Even As People Continue To Suffer (0 comments)
. First Ever 120 Pages Colour Book On `Patna: A Monumental History' Soon (0 comments)

Monday September 22nd
. New Building To Ease Pressure On Patna Jn For Passenger Reservation System And UTS Syestem (0 comments)
. Ranchi Police To Install Close Circuit Cameras (CCTV) In Durga Puja Pandals To Monitor Security (0 comments)
. NTPC's Mega-Power Project Stage-II at Barh Near Patna, Launched (0 comments)
. 14 Special Trains Between Secunderabad And Patna to Clera Extra Rush During Festive Season (0 comments)
. Bihar Farmers To Get Rs 15 a Litre Subsidy On Diesel (0 comments)

Sunday September 21st
. For Bihar's Flood Victims Struggle To Get Back A Roof Over Their Head, Houses From Assam For Them (0 comments)

Thursday September 18th
. Bihar Gets $ 420 Million Loan For Highway Network Project To Support Economic Expansion (0 comments)
. Eight key infrastructure sector to get $390 bn investment: Crisil Research (0 comments)

Tuesday September 16th
. New Generation Model Police Stations Soon In Each District of Bihar (0 comments)
. Pitripaksh Mela Begins At Gaya , A Special Function Held Outside The World Famous Vishnupad Temple (0 comments)

Monday September 15th
. Environmental Study in Schools Promoted (0 comments)
. Rehab Project Launched For Bihar Flood Victims (0 comments)

Saturday September 13th
. National Thermal Power Corp (NTPC) To Set Up Thermal Power Project In Bihar (0 comments)

Friday September 12th
. BSP may field 30 candidates during the Lok Sabha polls in Bihar (0 comments)
. India To Take Up Construction Of Saptakosi And Sunkosi Dam Projects With Parchanda, To Tame The Kosi (0 comments)
. Research,Teaching Should Go Together For Improvement In Academic Environment: Patna University VC (0 comments)

Thursday September 11th
. Scientist Suggests Diversification In Crops For Flood-Hit Farmers (0 comments)
. Click `Yes' to enter your Company's electronic-board meeting through video conferencing (0 comments)

Wednesday September 10th
. Old Economy Giants Pip IT Companies To Pick The Best With Better Deals At Tech Cradles (0 comments)

Tuesday September 9th
. Pataliputra Colony To Be Served By PMC Now And Pay The Holding Tax As The Rest Of Patna Residents (0 comments)
. Bihar To Get A National Disaster Response Force (NDRF) Base (0 comments)
. Bihar's Tragedy And The Shocking Failure, Floods Could Have Been Avoided (0 comments)

Monday September 8th
. Computer Literacy Likely To Be Made Compulsory In Bihar Govt Jobs: Modi (0 comments)

Wednesday September 3rd
. Centre Okays Hiring Private Specialists For Govt Service (0 comments)
. State Tribal Welfare Department Decided To Start BPO Training For Tribal Students (0 comments)
. Govt Decide Full Duty Exemption For Bihar Flood Relief Material (0 comments)
. High-Powered Surveillance Cameras To Monitor Patna Streets To Keep The Criminal Activities In Check (0 comments)

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Don't Pay A Single Paise To Illegal Moneylenders, Agriculture Minister Tells To Country's Farmers

Following the waiver of loans to farmers announced in the Union budget, agriculture minister Sharad Pawar has appealed to farmers all over the country not to repay loans borrowed from illegal moneylenders. Addressing reporters in Mumbai today, he said, "I will appeal to state governments to support farmers who have been caught in the trap of ille- gal moneylenders. There can be some machinery set up at the block level through the police or the revenue department to take action against illegal moneylenders and protect farmers from harassment."

Small & marginal farmers to benefit

  • Kerla 98.5%
  • Tripura 96.40%
  • West Bengal 95.30%
  • J&K 93.77%
  • Bihar 92.42%
  • Goa 92.19%
  • UP 91.13%
  • Maharashtra 75.42%

He noted that 81.89 per cent of India's farmers have only up to two hectares of land and qualify for the 100 per cent loan waiver.

He said that the Government would be depositing Rs 40,317 crore in various finan- cial institutions such as banks before the end of fiscal 2007- 08 towards repayment of loans taken by marginal farm- ers. The decision to focus on small and marginal farmers was taken following a series of meetings between Prime Minister Manmohan Singh, the agriculture and finance ministers, the RBI Governor and NABARD.

Click On "Full Story" For More...

By Tiwari, Section News
Posted on Sun Mar 02, 2008 at 03:22:13 AM EST
"It has been revealed to us that small and marginal farmers take loans for crop, for investments such as digging wells, purchasing equipment, long-term crop loans for horticulture such as orange and grape orchards, for buying livestock and aqua-culture," Pawar explained.

He added that by June, the loan account of small and marginal farmers would be cleared and they would be eligible for fresh credit.

"Only 40 per cent of farmers are eligible for credit from financial institutions (FIs). There are various reasons for this, such defaulting on loan repay ments, problems in land records. It has been the government's aim to double the percentage of farmers eligible for loans," he pointed out.

Source: Express News Service March-02-08

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