TMI BlogAgriculture debt relief packageX X X X Extracts X X X X X X X X Extracts X X X X ..... Agriculture debt relief package - News and Press Release Dated:- 28-3-2018 - News - As per Reserve Bank of India (RBI) guidelines and policy approved by Bank Boards, non-performing loans, including, inter alia, those in respect of which full provisioning has been made on completion of four years are removed from the balance-sheet of the bank concerned by way of write-off. Writing off of loans is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... done, inter alia, for tax benefit and capital optimization. Borrowers of such written off loans continue to be liable for repayment. Recovery of dues take place on ongoing basis under applicable legal mechanisms. Therefore, write-off does not benefits borrowers. The details of reduction in Non Performing Asset (NPA) due to write off (including compromise) for agriculture and allied activities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... during the year 2016-17 and 2017-18 (upto 30.09.2017) in respect of Public Sector Banks as reported by Reserve Bank of India (RBI) is given in Annexure. At present there is no Loan waiver scheme under implementation by the Union Government. As informed by National Bank for Agriculture and Rural Development (NABARD), during the years 2016 and 2017 some State Governments have announced their own ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... schemes, inter-alia, of waiver of loan of farmers. The last debt waiver scheme viz; Agricultural Debt Waiver and Debt Relief Scheme, 2008 (ADWDRS, 2008) announced by the Union Government was implemented in the year 2008. The debt waiver portion of the ADWDRS, 2008 was closed by its due date i.e. 30.6.2008, while the debt relief portion of the Scheme was closed on 30.6.2010. The Scheme benefitte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 3.73 crore farmers to the extent of ₹ 52,259.86 crore. Annexure (Amount in Rupees crore) Bank/Bank Group Name Agriculture Allied Activities- Reduction in NPA- due to write off (including compromise) during FY 2016-17 April 01-2017 to Sep 30-2017 ALLAHABAD BANK ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 442 157 ANDHRA BANK 93 44 BANK OF BARODA 754 282 BANK OF INDIA 121 40 BANK OF MAHARASHTRA 142 13 BHARATIYA MAHILA BANK LTD. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CANARA BANK 484 289 CENTRAL BANK OF INDIA 156 19 CORPORATION BANK 112 58 DENA BANK 1 1 IDBI BANK LIMITED 144 77 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... INDIAN BANK 75 INDIAN OVERSEAS BANK 33 202 ORIENTAL BANK OF COMMERCE 1 18 PUNJAB AND SIND BANK 5 0 PUNJAB NATIONAL BANK 197 381 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SYNDICATE BANK 133 112 UCO BANK 13 34 UNION BANK OF INDIA 56 66 UNITED BANK OF INDIA 120 0 VIJAYA BANK 34 94 STATE BANK OF BIKANER A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ND JAIPUR 714 STATE BANK OF HYDERABAD 237 STATE BANK OF INDIA 2,905 409 STATE BANK OF MYSORE 157 STATE BANK OF PATIALA 35 STATE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BANK OF TRAVANCORE 3 Public Sector Banks 7,091 2,369 Source: RBI This was stated by Shri Rajiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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