Maharashtra Bars Banks From Recovering Farm Loans At Farmers’ Homes Amid Drought-Like Situation, Considers 10% Urban Water Cut
Mumbai: Banks and credit societies have been directed not to visit farmers’ homes for loan recovery during the drought-like situation in Maharashtra, Revenue Minister and chairman of the Cabinet sub-committee on drought relief Chandrashekhar Bawankule said on tuesday. RBI Circular On Loan Recovery Suspension Under Consideration Bawankule directed the administration to ensure that no bank or…
Mumbai: Maharashtra's Revenue Minister has directed banks and credit societies to cease loan recovery visits to farmers' homes due to the state's drought-like conditions, according to a report. The Reserve Bank of India is being consulted on issuing a circular to formally suspend loan recovery in affected areas. District collectors and police officials have been tasked with monitoring compliance with this directive.
The Cabinet sub-committee on drought relief, chaired by Bawankule, reported that 265 talukas in the state are facing scarcity conditions. Of these, 43 talukas have met the criteria for drought, while 43 more have qualified under a secondary condition. The government aims to issue necessary government resolutions promptly, despite ongoing procedural delays.
Although 96% of the sowing process is complete, officials express concern about the crops' actual condition. A comprehensive field survey is underway, with the final report due by October 25.
The state is contemplating a 10% water cut in urban areas, prioritizing drinking water and fodder for livestock. Village ponds and percolation tanks will primarily cater to drinking water needs. Construction restrictions have been proposed in areas facing severe water shortages, while Environment Minister Pankaja Munde suggested disconnecting electricity connections used for illegal water extraction.
The government has formed committees to study fodder management practices in other states and prepare a comprehensive plan for Maharashtra. Relief and Rehabilitation Minister Makarand Patil emphasized that fodder produced in Maharashtra should not be exported. Rural Development Minister Jaykumar Gore proposed plans to ensure drinking water availability for the next 10 months. The Maharashtra Cabinet has renewed a lease for a 6,110 sq m plot in Bandra for the National Society for Clean Cities.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.