Assam approves farm loan waiver
PTI | Dec 19, 2018, 12:09 IST
GUWAHATI: The BJP government in Assam has approved Rs 600 crore farm loan waiver which it said will benefit around eight lakh farmers of the state, a move that comes in the backdrop of debt woes of farmers becoming a major issue in the run up to the Lok Sabha elections.
The decision was taken at a cabinet meeting held on Monday night. Assam is the third state to waive farm loans in the last few days after the newly formed Congress governments in Madhya Pradesh and Chhattisgarh announced it on Monday.
States which have earlier waived farm loans are Karnataka, Maharashtra, Uttar Pradesh and Punjab. According to the Assam government scheme, it will write off 25% loan of farmers up to a maximum of Rs 25,000 of all farm debts, state government spokesperson and parliamentary affairs minister Chandra Mohan Patowary said.
The waiver will be for all the loans taken through Kisan Credit Card (KCC) and from PSU banks, he said.
The decision was taken at a cabinet meeting held on Monday night. Assam is the third state to waive farm loans in the last few days after the newly formed Congress governments in Madhya Pradesh and Chhattisgarh announced it on Monday.
States which have earlier waived farm loans are Karnataka, Maharashtra, Uttar Pradesh and Punjab. According to the Assam government scheme, it will write off 25% loan of farmers up to a maximum of Rs 25,000 of all farm debts, state government spokesperson and parliamentary affairs minister Chandra Mohan Patowary said.
The waiver will be for all the loans taken through Kisan Credit Card (KCC) and from PSU banks, he said.
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