Haryana announces One Time Settlement scheme 2022 for indebted farmers

| | Chandigarh
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Haryana announces One Time Settlement scheme 2022 for indebted farmers

Saturday, 06 August 2022 | PNS | Chandigarh

Haryana Government on Friday announced One Time Settlement (OTS) scheme 2022 for the indebted farmers and members of cooperative credit consumers.

 

State Cooperative Minister Banwari Lal said that In the scheme announced for the loanee members of the District Primary Co-operative Agriculture and Rural Development Bank, 100 percent rebate in the overdue interest will be provided mainly in the loan account of the deceased borrowers till March 31, 2022. For this, 100% waiver of overdue interest will be provided by the heirs of the deceased borrower on depositing the entire principal amount in the loan account and penalty interest and other expenses will also be waived, he added.

The Cooperation Minister said that the total number of dead loan holders of the bank is 17,863 whose total amount is Rs. 445.29 crore including principal amount of Rs. 174.38 crore and interest of Rs. 241.45 crore and panel interest of Rs. 29.46 crore. Apart from this, 50 percent interest will also be given to all other overdue borrowers under OTS Scheme-2022 and their penalty interest and other expenses will also be waived. This scheme will be applicable on all types of loans of the bank. According to the scheme, if the loan holder could not pay his loan due to any reason and was declared a defaulter by the bank on March 31, 2022 he can take advantage of this scheme.

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