NEW DELHI: To implement the rehabilitation package for farmers in the suicide-prone districts of Vidarbha announced by Prime Minister Manmohan Singh on July 1, the Centre has issued instructions to the Reserve Bank of India and the National Bank for Agriculture and Rural Development (NABARD), commercial banks, regional rural banks and cooperative banks for providing debt rescheduling relief to the farmers including interest waiver, and induce fresh flow of funds. Special teams from NABARD and lead banks are being sent to the affected areas to speed up implementation.
The Prime Minister during his recent visit to Vidarbha announced a series of measures to alleviate the hardships of farmers in six debt-ridden districts worst affected by farmers' suicides. Soon after the announcement, the Ministries concerned initiated action on finalising the work plan for operationalising the announcements in the Rs. 3,750-crore package. Initial meetings were convened by the Prime Minister's Office to jumpstart the efforts towards implementation.
The lead banks in the area have been asked to convene a State Level Banking Committee (SLBC) to bifurcate the target of the additional credit flow amongst various banks.