GOVERNMENT
OF ANDHRA PRADESH
ABSTRACT
Coop
Dept - Problems of farmers in the State regarding Agricultural Credit -
Reconveyance of brought in properties by the PACS to original borrowers / Legal
heirs of deceased borrowers - Extension of facility to PACS - Permission
-Accorded.
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AGRICULTURE AND (COOPERATION -V) DEPARTMENT
G.O.Ms.
No.95, Dated:24.03.2008
Read the following: -
1.
G.O.Ms.No.594, A&C (Coop.VI) Dept., Dated:25.11.1993.
2.From the CC&RCS, AP., Hyderabad, Lr.Rc.No.8128/2007/PACS.II.B/
Dated:28.6.2007.
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In
the G.O. first read above, Government in orders to provide relief to the
farmers accorded permission to District Cooperative Central Banks to reconvey
the bought-in properties to the original borrowers / legal heirs of the
deceased borrowers on the condition that they should pay the entire amount due,
including the execution petition charges to the District Cooperative Central
Banks.
2. In the reference second read above, the
CC&RCS, AP. Hyderabad requested to grant general permission extending the
facility of reconveyance of set off lands / properties by the PACSs to the
original borrowers / legal heirs of deceased borrowers on par with DCCBs
subject to condition that they should repay the entire amount due including all
incidental charges.
3. After careful consideration, Government
accept the proposal of the Commissioner for Cooperation and Registrar of
Cooperative Societies. Accordingly, permission is hereby accorded extending the
facility of reconveyance of ·set off lands / properties by the PACS to the
original borrowers/ legal heirs of the deceased borrowers, subject to condition
that they should repay the entire amount due including all incidental charges.
4. The Commissioner for Cooperation and
Registrar of Cooperative Societies is directed to take necessary action
accordingly
(BY
ORDER AND IN THE NAME OF GOVERNOR OF ANDHRA PRADESH)
AJEYA
KALLAM
PRINCIPAL
SECRETARY TO GOVERNMENT
