(1) The loan given to the farmers pursuant to
these rules shall be recovered as according to the terms & conditions
made, while giving the loan and within the time period mentioned in the
terms.
Provided that,
If any farmer has been in a condition being unable to pay the loan
at the time of harvesting the concerned crop due to any divine reason
and if the District Land Reform Officer has considered such reason as
appropriate, he/she may provide (give) necessary additional time period
to such farmer to pay back the loan.
(2) While recovering the loan pursuant to Sub-rule (1), in kind in
addition to the interest, as much as amount shall be reserved at the rate
of three per hundred.
(3) While recovering the invested kind in loan and it’s interest, if
it has not been possible to recover in kind, instead, it may be recovered
in cash at the prescribed rate.
(4) If the invested loan has not been recovered within the
prescribed time period, the committee providing such loan shall send the
82 Amended by Seventh Amendment.
83 Inserted by the Fifth Amendment.
84 Amended by Seventh Amendment.
40
name list of those who has not paid the loan within thirty five days to
the District Land Reform Officer and District Land Reform Officer may
recover such loan as a Governmental due.
(5) While full or partial recovery of the loan has been made
pursuant to Sub-rule (1), (2), (3) and (4), it’s receipt shall be given in the
format as prescribed in Schedule-20 and if the certificate has been
received, it shall also be mentioned in the certificate.