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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