Hours after taking oath as the Chief Minister of Madhya Pradesh, Kamal Nath announced loan waiver for farmers.
"The Madhya Pradesh government hereby takes the decision of waiving of loans taken by farmers up to Rs 2 lakh from nationalised and cooperative banks," read the letter signed by Rajesh Rajora, Principal Secretary, Department of Agriculture, Horticulture and Food Processing.
The promise for farm loan waiver was made by the Congress during election campaign in the state.
Bhopal: Madhya Pradesh Chief Minister Kamal Nath signs on the files for farm loan waiver pic.twitter.com/NspxMA8Z6i
— ANI (@ANI) December 17, 2018
Earlier on Monday, Nath was sworn in as its 18th Chief Minister of Madhya Pradesh, bringing to an end 15 years of BJP rule in the state which had become the saffron party's stronghold.
The nine-time MP and former union Minister was administered the oath of office and secrecy by Governor Anandiben Patel at a function held at the Jambori Maidan.
(With inputs from agencies)