Punjab announces loan waiver for labourers, landless farming community
The Hindu
‘Cheques will be issued at a State-level function on August 20,’ says an official statement
With an eye on the coming Assembly elections, due early next year, the ruling Congress government in Punjab has announced waiver of ₹590 crore worth of loans under the farm debt waiver scheme for labourers and the landless farming community. “Cheques would be issued at a State-level function on August 20,” said an official statement after a high-level meeting held here. The government would pay off loans to the tune of ₹520 crore of 2,85,325 members of the Primary Agricultural Cooperative Societies (PACS), thus ensuring a relief of ₹20,000 a member, said a statement, attributing to Chief Minister Amarinder Singh. He has directed the Finance and Cooperation departments to kick off the process for effective implementation of the decision on the ground.
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