No NOC for crop loan; disbursal from today

Yavatmal: In a major decision that would benefit the

farmer

community in general, the state government has waived the condition of submitting no objection certificate (NOC) from banks and societies while seeking fresh crop loan. The government has also decided to waive the stamp duty on the mortgage by farmers for availing crop loan. “The easy crop loan distribution scheme would be launched from Wagda village of Kelapur tehsil on May 17,” informed state-sponsored Vasantrao Naik Shetkari Swavlamban Mission, headed by Kishor Tiwari, in a press note on Monday. The scheme is being implemented at the behest of chief minister Devendra Fadnavis, who had, after a review meeting on April 28 last, announced that the state would ensure credit supply to even those farmers who had defaulted on loan repayment after 2012. Such farmers would be given crop loan afresh on or before May 31 after their defaulted crop loan rehabilitation is done, the press note further said. The Maharashtra State Co-Operative Bank and Bank of Maharashtra have been instructed to release crop loan to the farmers on filing an affidavit and not to insist for a no objection certificate (NOC) from banks and societies. “We have proposed to hold a review meeting at 4 pm on Tuesday at Pandharkawda Panchayat Samiti meeting hall wherein the review of crop loan rehabilitation, EGS works, food and health security and similar issues would be taken up for consideration,” Tiwari said and urged the tehsildars, BDOs, DDR and sub divisional agriculture officers to inform the farmers about the public hearing through talathis, gram sevaks and agriculture assistants working under them.

Stay updated with the latest news on Times of India. Don't miss yearly career horoscopes 2025 for Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn, Aquarius, and Pisces.