held on 12.08.2014 Ref.No.LRC-I/152/2014 dated 18.04.2015 informed that the The validity period of loan eligibility four recommendations have cards may be enhanced to 3 years been examined with reference from the existing one year – to the A.P. Land Licensed appropriate proposals may be Cultivators Act & Rules 2011 and submitted to Government for proposals have been submitted necessary orders. to the Government for Submission of proposal to consideration and necessary Government for creation of “Credit orders. The orders of the Guarantee Fund” as a confidence Government are awaited. building measure to enable bankers to extend crop loans liberally to all the LEC holders. For this purpose the bankers shall deduct premium from crop loan amount sanctioned to the LEC holders and convey the same to the State Government after which the State Government shall contribute matching grant for the Corpus Fund to be created. The modalities for utilizing the fund by the bankers will be worked out after a decision from the Government regarding creation of CGF is received. High overdues under crop loans sanctioned to LEC holders is one of the reasons for poor progress in sanction of loans, the bankers suggested that a recovery mechanism must be put in place by the Government by constituting joint teams of Revenue, Agriculture & SHG members to assist the bankers in recovery of loans from LEC holders. To have a fixed Calendar schedule for issue of loan eligibility cards in all districts uniformly. 4.2 To establish second DRT in A.P State. Law Dept. SLBC has requested the Chief GoAP Secretary vide Lr.No.666/30/ 196/786 dated 07.02.2015 for
held on 12.08.2014 The validity period of loan eligibility cards may be enhanced to 3 years from the existing one year – appropriate proposals may be submitted to Government for necessary orders. Submission of proposal to Government for creation of “Credit Guarantee Fund” as a confidence building measure to enable bankers to extend crop loans liberally to all the LEC holders. For this purpose the bankers shall deduct premium from crop loan amount sanctioned to the LEC holders and convey the same to the State Government after which the State Government shall contribute matching grant for the Corpus Fund to be created. The modalities for utilizing the fund by the bankers will be worked out after a decision from the Government regarding creation of CGF is received. High overdues under crop loans sanctioned to LEC holders is one of the reasons for poor progress in sanction of loans, the bankers suggested that a recovery mechanism must be put in place by the Government by constituting joint teams of Revenue, Agriculture & SHG members to assist the bankers in recovery of loans from LEC holders. To have a fixed Calendar schedule for issue of loan eligibility cards in all districts uniformly. Ref.No.LRC-I/152/2014 dated 18.04.2015 informed that the four recommendations have been examined with reference to the A.P. Land Licensed Cultivators Act & Rules 2011 and proposals have been submitted to the Government for consideration and necessary orders. The orders of the Government are awaited. 4.2 To establish second DRT in A.P State. Law Dept. GoAP SLBC has requested the Chief Secretary vide Lr.No.666/30/ 196/786 dated 07.02.2015 for
191st%20SLBC%20of%20AP%20-%20AGENDA.docx