SITEMAP FAQs GLOSSARY OTHER  LINKS CONTACT  US  
  ABOUT  US NOTIFICATIONS PUBLICATIONS DATABASE SPEECHES PRESS  RELEASES TENDERS FORMS EVENTS APPLICATION TRACKING SYSTEM  
Search
This Section
Entire Website
Period
From 
To      
Archives
   
Quick Links
 Index to RBI Circulars
 Draft Notifications/
   Guidelines
 Master Circulars
 FEMA
 Pension
 For RSS Alerts 
Home >> Notifications - View Notification
Note : To obtain an aligned printout please download the (5 kb) version to your machine and then use respective software to print the story.
Date: Nov 06, 2002
Special One-Time Settlement (OTS) Scheme
for Small and Marginal farmers

DBOD.No.BP.BC. 40 /21.05.004/2002-03

November 6, 2002

All Scheduled Commercial Banks
(excluding RRBs and LABs)

Dear Sir,

Special One-Time Settlement (OTS) Scheme
for Small and Marginal farmers

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.

Yours faithfully,

Sd/-

(B.Mahapatra)
General Manager

 Top
© Reserve Bank of India. All Rights Reserved.
Best viewed in 1024x768 resolution in IE 5 and above.