Tag: Agriculture loans

Rs 255 crore assets of companies fraudulently availing agriculture loans attached

NEW DELHI: The Enforcement Directorate (ED) has attached properties worth Rs 255 crore in a case connected to fraudulent availing of agricultural loans in the name of poor farmers. The agency provisionally attached assets worth Rs 255 crore of Gangakhed Sugar Energy Ltd (GSEL), Yogeswari Hatcheries, and Gangakhed Solar Power Ltd under Prevention of Money […]

Agriculture loans not part of government’s interest waiver scheme

NEW DELHI: In an additional list of frequently asked questions (FAQ), the Department of Financial Services (DFS) said: “Crop loans and tractor loans, etc are agriculture and allied activities loans and are not part of the eight segment/classes eligible under the scheme.” Under the scheme, the ex-gratia payment — the difference between compound interest and […]

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