ARDR SchemeUttar Pradesh1990
Agricultural and Rural Debt Relief Scheme, 1990
- धाराएँ
- 14
- अध्याय
- 2
विषय-सूची
0Preliminary§ 1–0183 धाराएँ
IIChapter II§ 3–1311 धाराएँ
- 3Public sector banks and Regional Rural Bank; shall provide debt relief upto a limit of Rs. 10,000/- to a borrower of eligible loan
- 4Section 4
- 5Section 5
- 6Eligibility of beneficiaries for fresh loans : All borrowers whose loan accounts are closed under Section 5(2) of the scheme, shall be considered as eligible for fresh loans and advances by the bank for the ensuing seasonal agricultural operations. Provided, however, that any such borrower, who failed to repay any loan or loan installment falling due after 2 October, 1989, is considered as defaulter
- 7Submission of claims statements: Each public sector bank shall prepare and submit consolidated claim in respect of the amount of relief to the Reserve Bank of India for payment. In the case of Regional Rural Banks, such consolidated claim statement would be submitted to NABARD for payment
- 8Section 8
- 9Section 9
- 10In cases where a borrower had taken loan from more than one bank, the claim amount shall be adjusted in proportion to the amount of loan taken from each of the bank
- 11All payments by the Reserve Bank/NABARD towards the claim statements received by it shall be made in the case of public sector banks and Regional Rural Banks to their respective Head Offices
- 12Publicity for the Scheme. - A copy of the scheme will be printed in regional languages and displayed on the notice boards of the banks as defined in the scheme. The lead Banks will be responsible for making arrangements for the same
- 13Administrative guidelines. - Reserve Bank and NABARD in consultation with Government of India, will issue suitable administrative guidelines, if necessary, for smooth and expeditious implementation of the scheme