Friday, September 24, 2021
ADVT 
India

Punjab waives Rs 590 crore farm debt loans

Darpan News Desk IANS, 14 Jul, 2021 01:12 PM
  • Punjab waives Rs 590 crore farm debt loans

Chandigarh, July 14 (IANS) Punjab chief minister Amarinder Singh has announced waiver of Rs 590 crore worth of loans under the farm debt waiver scheme for labourers and the landless farming community, an official statement said on Wednesday.

This would pave the way for the fulfilment of another key promise of his government.

The cheques would be issued at a state-level function on August 20.

The government will pay off loans to the tune of Rs 590 crore of 285,325 members of the Primary Agricultural Cooperative Societies (PACS), thus ensuring a relief of Rs 20,000 per member, said the statement quoting the chief minister.

He directed the Finance and Cooperation Departments to kick off the process for effective implementation of the decision on the ground.

The state government has formulated a Debt Relief Scheme for farm labourers and landless farming members of PACS, which will cover only consumption loan to the members advanced by district central cooperative banks of Punjab through primary agricultural cooperative societies.

The chief minister's announcements follow the waiver of the loans of farmers under the chief minister's flagship 'Debt Waiver Scheme.'

So far, loans of Rs 4,624 crore have been waived of 5.64 lakh farmers under the scheme, which was announced as part of the 2017 poll promises by the Punjab Congress.

In addition, loans of the Scheduled Caste and Backward Class categories have been written off up to Rs 50,000 each, including waiver up to Rs 58.39 crore of 6,405 beneficiaries by the Scheduled Caste Corporation and Rs 20.71 crore of 1,225 beneficiaries by the Backward Class Corporation.

MORE India ARTICLES

EV policy: Delhi govt to empanel discoms to provide charging units

EV policy: Delhi govt to empanel discoms to provide charging units

Under this proposed plan, the purchase and installation of EV chargers will be provided under two options -- outright purchase (an outright option is one that is purchased individually and is not part of a multiple leg options trade) and on a monthly subscription basis.

EV policy: Delhi govt to empanel discoms to provide charging units

3rd Covid wave hits world, join hands to avoid it in India: Paul

3rd Covid wave hits world, join hands to avoid it in India: Paul

Noting that the world has been witnessing the third wave of the Covid-19 pandemic, NITI Aayog member V.K. Paul on Tuesday appealed to Indians to join hands to avoid its spread in India, warning that a "majority of cases will be reported if the next wave comes".

3rd Covid wave hits world, join hands to avoid it in India: Paul

Modi govt responsible for high inflation, fuel price hike: Chidambaram

Modi govt responsible for high inflation, fuel price hike: Chidambaram

The Congress on Tuesday attacked the Narendra Modi government over inflation and rising fuel prices and demanded immediate relief by reducing taxes on petroleum products and import duty on various items.

Modi govt responsible for high inflation, fuel price hike: Chidambaram

Gujarat man held for sending people abroad on fake passports, visas

Gujarat man held for sending people abroad on fake passports, visas

The Surat unit of the Special Operation Group (SOG) and Gujarat Anti Terrorist Squad (ATS) on Tuesday nabbed a person from Varachha area, alleged to be sending people abroad on fake passports and visas.

Gujarat man held for sending people abroad on fake passports, visas

AAP recognised my 'vision, work': Sidhu

AAP recognised my 'vision, work': Sidhu

Sidhu's tweets come amid his feud with Punjab Chief Minister Amarinder Singh. However, Sidhu had earlier clarified that he has no plans to join AAP.

AAP recognised my 'vision, work': Sidhu

Kanpur is a major hub of terror activities, say ATS sources

Kanpur is a major hub of terror activities, say ATS sources

Investigations following the arrest of two alleged terrorists in Lucknow on Sunday, have revealed that Kanpur is a major hub of terror activities.

Kanpur is a major hub of terror activities, say ATS sources

PrevNext