Online edition of India's National Newspaper
Tuesday, Sep 07, 2010
ePaper | Mobile/PDA Version
Google



Other States
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Other States - West Bengal Printer Friendly Page   Send this Article to a Friend

More time for West Bengal farmers to repay bank loans

Indrani Dutta

Govt. awaiting 1,100-crore Central aid for drought-hit State


Government focusing on saving standing crop and finding alternative crops to sow

Central teams to rework fishery sector estimates


Kolkata: Banks in West Bengal are set to reschedule repayment of loans taken by farmers in view of the drought in 11 districts of the State. Crop loans which normally have one-year tenure will get extended to a three-year repayment schedule. Long-term loans which earlier had a repayment period of three to five years can now be paid back in seven to ten years.

The banks here have an exposure of about Rs.1,200 crore in these two types of loans, of which 25 per cent is through credit extended by the cooperative banks.

West Bengal Finance Minister Asim Kumar Dasgupta told reporters on Monday that although the drought-hit districts have been receiving some rain of late, cultivation has been affected and now all efforts are geared towards saving the crop that is standing on the fields and finding alternative crops to sow.

He said the State Government has sought a Rs.1,100-crore assistance from the Centre to tide over the situation as it finds itself standing face-to-face with mounting losses in agriculture and allied sectors.

“We have had to rework our estimates for the fisheries sector,” Dr. Dasgupta said. A Central team led by Agriculture Department Joint Secretary E. K. Majhi is slated to arrive later this week for assessing the situation. The Finance Minister said that the team would fork out to the affected districts to study the situation.” While one team would go to Paschim Medinipur, Burdwan, Birbhum, Bankura and Purulia, the other would go to Malda, Murshidabad, Nadia, North and South 24 Parganas.

Districts like Purulia have had less than half their normal rainfall. Dr. Dasgupta said the State was now making progress in promoting alternate crops like pulses and oilseeds.

Printer friendly page  
Send this article to Friends by E-Mail



Other States

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu