One Time Full Settlement to the farmers of 3 Mandals & 25 Villages of Guntur Districts etc
GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
Debt Redemption Scheme - 2014: One Time Full Settlement under Debt
Redemption Scheme to the farmers of 3 Mandals & 25 Villages of Guntur
Districts etc.-issued:
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FINANCE (IF) DEPARTMENT
G.O.Ms.No.7 Date:
28.01.2015.
Read the followings:
1)G.O.Ms.No.31 Agriculture & Cooperation
(Agi.II) Department. dt.10.06.2014.
2) G.O. Ms.No. 164 Finance (IF)Department dt
02.08.2014
3) G.O.Ms.No.174 Finance (IF) Department
dt.14.08.2014.
4) G.O.Ms.No.254 MA&UD Department
dt.30.12.2014.
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ORDER:
In the reference 2nd read above,
the Government issued orders for debt redemption of agricultural crop loans and
gold loans availed for agricultural purpose, together not exceeding Rs.1.50 lakhs per family along with infuse fresh capital
not exceeding Rs 1.00
lakh per DWCRA group in order to
financially strengthen the groups .
2. In the
reference 3rd read above,
the Government issued “Operational Guidelines” for implementing the debt redemption
scheme to the farmers
3. In the
reference 4th read above, the Government issued orders and
identifying the lands
located in Thullur and other 2 Mandals of Guntur District have been identified
and proposed for the State capital region Area.
4. Accordingly,
now Government has now decided and ordered that;
i.
The redemption amount will be provided to the full extent as one
time settlement to all the farmers whose family benefit eligibility (both in Phase I
and II) is up to Rs. 50,000 after taking in to account the Scale of
finance, will be paid in the Phase II settlement.
ii.
Now
Government decided that the 80% eligible debt redemption amount
to be paid to 7403 farmers of 25 villages of Thullur and other 2 Mandals of
Guntur District immediately, this is applicable for both Phase I and II
eligible farmers for debt redemption.
5. All
the implementing agencies Viz; Scheduled
Commercial banks/RRBs/ Cooperative Banks as also Primary Agriculture Cooperative
Credit Societies(PACS)m and Farmers’ Service Cooperative Societies (FSCS) which
are accredited to the lending institutions for advancing direct agriculture
crop loans are advised to follow the guidelines for strict compliance.
6. The
State Level Bankers Committee (SLBC) of Andhra Pradesh is requested to guide
and monitor the implementation of the scheme as per the guidelines.
7. This
GO is available in Andhra Pradesh Government Website http://goir.ap.gov.in/.
(BY
ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)
AJEYA KALLYAM
Principal Finance Secretary.
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