Recovery of default Kisan Credit Card- loan of about Rs 5 lakh from the next of kin of a deceased farmer, late Ramavatar Sahu of Balsamund village has been stalled in view of the government’s loan waiver scheme, Bemetara district collector Mahadev Kaware told media on Wednesday.
The State Bank of India, Bemetara had issued notice to the heirs of late farmer for recovery of the loan.
Collector intimated that SBI chief manager in a letter pointed out that farmer late Ramavatar Sahu on July 23, 2015 had taken a crop loan of Rs 4.39 lakh through the K.C.C. The loan account was declared as Non-Performing Asset (NPA). The loan recovery notice was sent on January 11, 2019 as per the loan recovery guidelines to the heirs. The heirs accepting the total loan liabilities had agreed to repay it. When the amount was not deposited again, general intimation was sent on February 27, 2019.
The letter further stated that as per agreement reached, the bank has authority and provision to relax the interest amount up to 50 percent. Till date the pending principle amount is Rs 3,25,297 and the interest is Rs 77,872.
Collector informed media that the said loan account has been brought under loan waiver process.
The state government sanction loan waiver amount after being deposited, the balance amount and account related details will be provided to the heirs.
Keeping in mind the loan waiver scheme, the recovery action has been deferred with immediate effect. The notice issued again on May 15, 2019 will be considered as cancelled, collector pointed out.
Kaware further said late Ramavatar had also taken short-term loan of Rs 99,000 from Chhattisgarh Rural Bank, Balsamund on May 1, 2014. The bank had not issued any notice of recovery. As his account falls under loan waiver, the first installment of Rs 22,270 has been debited on March 26, 2019.