Crop loan waiver: farmers turn to CM as last resort

.....The RBI, in its “master circular-guidelines for relief measures by banks in areas affected by natural calamities” dated July 2, 2012, says: the principal amount of the short-term loan as well as the interest due for repayment in the year of occurrence of the natural calamity may be converted into term loan. Generally, the restructured period for repayment may be three to five years …. The restructured portion of the short term loans and term loans which have been converted into fresh loans may be treated as current dues and not be classified as NPA.”.......

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