Punjab govt. to waive farmers’ loans up to ₹2 lakh
The Hindu
It announces release of ₹1,200 crore fund for the purpose
The Punjab government on Thursday announced that it will release funds amounting to ₹1,200 crore to clear loans up to ₹2 lakh under the existing debt waiver scheme of about 1.09 lakh small and marginal farmers, having land up to 5 acres.
An official statement said that the State government has already waived loans of 5.63 lakh such farmers to the tune of ₹4,610 crore. Out of these, 1.34 lakh small farmers got relief of ₹980 crore while 4.29 lakh marginal farmers were benefited of loan waiver of ₹3,630 crore, it added.
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