While directing the banks to implement the agricultural debt waiver and debt relief scheme within June 30, 2008, the FM listed out the action points for compliance by Banks.
These included verification and authentication by a senior official before the list being put in the notice board, owing to the importance of accuracy and the integrity of the list to be displayed in the branches.
Executives in the level of GM, AGM or DGM should be allocated 20-25 branches each which should be visited by them for verification and giving a clearance for display of the eligible farmers list.
Subsequently, these executives should visit the branches before June 15, 2008, and give clearance to the list for display after thorough verification.
The FM said that to emphasize the seriousness of the scheme, the CMD and the ED should personally inspect 2-3 branches.
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The display of the eligible list of farmers under waiver as well as debt relief was to be completed, preferably by June 20, 2008.
Field level complaints should be promptly addressed by grievance redressal officers (GRO) and on the event of a particular complaint cropping up more than once, they were to be addressed at the CMD or ED level through personal intervention by interacting with designated officers.
Individual farmers would not have to make any application to the branch for getting the benefit of debt waiver.
Farmers would be needed to only visit the branch to see whether the name was on the appropriate list displayed by the branch. A certificate on waiver of the loan to eligible farmers would be issued by the branch.
Farmers would then be eligible for a fresh loan from the bank.
P K Gupta, CMD of UBI, visited the bank's branches at Amtala and Pailan today in connection with the implementation of the debt waiver and debt relief schemes. He directed the officers of the branches to implement the scheme within June 30, 2008.