Millennium Post

Amarinder government announces waiver of crop loans for 8.75 lakh farmers

Punjab Chief Minister Amarinder Singh on Monday announced total waiver of crop loans up to Rs 2 lakh of small and marginal farmers, and a flat Rs 2 lakh relief for all marginal farmers, irrespective of the loan amount.

The announcement has thus paved way for eventual total waiver of agricultural debts, which was a major poll promise of the Congress during the Punjab Assembly polls in March this year.
Speaking at the Assembly here, the chief minister noted the move would benefit 10.25 lakh farmers, including 8.75 lakh farmers up to 5 acres.

The initiative would provide double the relief announced by the states of Uttar Pradesh and Maharashtra, he said.

He said the decision was based on the interim report of the Expert Group headed by eminent economist T Haque which was tasked with suggesting ways and means to help the state' s distressed farming community.

Opposition SAD and its ally BJP were not present in the House when the chief minister made the announcement as they had staged a walkout on another issue. However, the main opposition party AAP was present.
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