• Oct 17, 2019 |

Skill Development & Industrial Training Department, Haryana

´╗┐News Details

  • Cabinet gave approval to a proposal of providing soft loan of Rs 45 crore on government guarantee. 7-10-2015

    • Chandigarh, October 7 – Taking yet another pro farmer step Haryana Cabinet which met under the chairmanship of Chief Minister, Mr. Manohar Lal here today, gave approval to a proposal of providing soft loan of Rs 45 crore on government guarantee to Naraingarh Sugarmill for payment of outstanding amount to sugarcane growers for year 2014-15.
    • The approval has been given with the condition that HARCO Bank and Agriculture Department will continue to make efforts to explore the possibility of taking any other available collateral security free from any encumbrances from this Sugarmill as an additional safety or security to secure the Government loan.
    • Agriculture Minister Mr OP Dhankar said that with this decision the pending payments of cane growers of Naraingarh  for the last crushing season will be cleared soon. He said that all payments for all other cane growers of the state had already been cleared by every private and cooperative mill in the state.
    • Haryana Cabinet gasve ex-post facto approval to sanction of raising of loan from the National Housing Bank, New Delhi, and furnishing of State Government guarantee in respect of the loan of Rs 150 crore for construction of 7,602 flats for weaker sections at 16 locations in the State.
    • Haryana  Government has amended the existing Punjab Poison Possession and Sale Rules 1966 to include nicotine and its salts as poisons at serial number 20 of the schedule.
    • Haryana Cabinet gave ex-post facto approval for One Time Settlement Scheme of Haryana State Cooperative Agriculture and Rural Development Bank (HSCARDB) and Interest Subvention Scheme 2014 for timely repayments for members of Primary Agricultural Cooperative Societies (PACS) of Haryana State Cooperative Apex Bank (HARCOBANK).
    • The objective of the scheme is to provide relief in interest liability of farmers, inculcate the habit of timely payment of loan and reduce the level of overdue of the PACS. Under the scheme, four per cent interest subvention is being provided to prompt payee farmer who availed or will avail crop loan from September 1, 2014 toFebruary 28, 2016.
    • The Cabinet also approved the extension of the ongoing scheme of HSCARDB under which the benefit of 50 per cent interest subvention on agreed rate of interest is given to good paymasters on timely repayments by the state government up to March 31, 2018.
    • It was also decided to extend the earlier recovery linked incentive scheme 2013 (OTS) for HSCARDB to defaulter loanee farmers who clear their default or overdue amount with 50 per cent interest overdue on June 30, 2013. Under the scheme, the defaulter will then get benefit of waiver of 50 per cent interest and two per cent penal interest. The state government will bear the burden of 75 per cent of the 50 per cent interest waived off on actual basis and the remaining 25 per cent of the 50 per cent waived off interest shall be borne by the HSCARDB and the concerned District Primary Cooperative Agriculture and Rural Development Bank (DPCARDB). Waived off penal interest of two per cent will also be borne by the HSCARDB and DPCARDB. The scheme will be continued up to January 31, 2016.