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Punjab gives Rs 1,771 crore debt relief to marginal farmers
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IANS | 07 Dec, 2018
Under the Punjab government's farmers' debt relief scheme, Chief
Minister Amarinder Singh on Friday gave debt relief against commercial
bank loans to the tune of Rs 1,771 crore to 109,730 eligible marginal
farmers of four districts.
The Chief Minister announced the extension of the waiver scheme to farmers with landholding of 2.5 to 5 acres.
"The
amount is being transferred directly to the accounts of the marginal
farmers of commercial banks directly and the process will be completed
by tomorrow," the Chief Minister told a function in Baran village in
Patiala district, around 70 km from here.
The farmers covered in this phase of debt relief scheme belong to Patiala, Ludhiana, Sangrur and Fatehgarh Sahib districts.
Addressing
the function, the Chief Minister said that in the next phase, farmers
having landholding of 2.5 to 5 acres would get debt waiver for loans of
cooperative and commercial banks.
Amarinder Singh also reiterated
his commitment to waive off the loans of the landless labourers in the
subsequent phases of the implementation of the waiver scheme.
The
Chief Minister said waiver up to Rs 2 lakh had been given to all the
marginal farmers and also to the small farmers who had availed loan up
to Rs 2 lakh under the scheme.
He said a sum of Rs 1,815 crore of
3.18 lakh marginal farmers of Cooperative Banks had been waived off in
the first phase, in addition to Rs 1,771 crore of 1.09 lakh marginal
farmers of commercial banks in Friday's state-level debt relief
function.
The Chief Minister announced that 2.15 lakh small
farmers of Cooperative Banks would be covered in the third phase and
50,752 small farmers of commercial banks would be covered in the fourth
phase.
It is estimated that farmers in agrarian Punjab are under a debt of Rs 90,000 crore.
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