Allahabad bank completes Debt Waiver exercise

Allahabad Bank, one of the premier nationalised banks of the country, has completed the exercise of finalising the list of eligible small, marginal and other farmers under the Agricultural Debt Waiver and Debt Relief Scheme-2008 announced by the Government of India in the Union Budget (2008-09). The exercise has been completed in all the eligible 1679 branches of the Bank within the prescribed timeframe. The benefit of the waiver and relief accrues to the farm sector borrowers, especially to the small, marginal and other farmers.

With a view to ensuring efficient and speedy implementation of the waiver scheme so that the whole process is completed within the set timeframe i.e. before 30th June, 2008, Bank's top Executives including the Chairman and Managing Director personally visited various rural branches all over the country.

On completion of the total exercise, Shri A.C.Mahajan, Chairman and Managing Director and two Executive Directors, Shri K.K.Agarwal and Shri J.P.Dua today visited rural branches in the state of West Bengal to hand over personally the Debt-waiver certificates to the eligible farmers. Shri Mahajan and Shri Dua distributed the certificates to the beneficiary farmer- borrowers of Bamanghata Branch in South 24-Parganas District, while Shri Agarwal visited Sheoraphuli Branch in Hooghly District for this purpose.

Publicity Department
30.06.2008

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