| Date: |
06-11-2002
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| Notification No: |
RBI Notification No 40/2002
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| Issuing Authority: |
RBI
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| Type: |
Notification
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| File No: |
|
| Subject: |
Special One-Time Settlement (OTS) Scheme for Small and Marginal Farmers
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|
Special One-Time Settlement (OTS) Scheme for Small and Marginal Farmers
DBOD.
No. BP. BC. 40 - 21.05.004 - dated 6th November 2002
Please
refer to our circular DBOD. No. BP. BC. 80/ 21.04.117/ 2001-02 dated March 22,
2002 setting out guidelines for special One Time Settlement Scheme for loans up
to Rs. 50,000 to small and marginal farmers by public sector banks. In terms of
paragraph 2(i) (d) thereof, the guidelines will be operative only up to December
31, 2002.
2.
The Government and the Reserve Bank of India have received requests from
banks for extending the operation of the guidelines. In view of the above and
keeping in view the drought/flood situation in different parts of the country,
it has been decided, in consultation with the Government of India, to extend the
operation of the guidelines, for a further period of 3 months, i.e., up to
March 31, 2003.
3.
Please acknowledge receipt.
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