The package is applicable only for small planters who’s holdings are less than 25 acre and have taken the special coffee term loan before 2002.
The Union Govt has approved the coffee loan waiver package for Rs 241.33 crore. Under the guidelines the small planters who are eligible will now only have to pay 25 per cent of the loan amount to the banks.
The Union Govt will be paying 50 per cent of the remaining and the bank shall waive of the remaining 25 percent.
The package is only applicable to small planters. Medium and Large size planters have inturn been provided with more time to pay their dues. No package has been offered to planters who have holdings of more than 25 acres.
Currently there is no information on how many planters in Coorg will be benefited by the package.