Jharkhand Govt Waives Farm Loans of Up to Rs 50,000; 9 Lakh to Benefit
3 years, 11 months ago

Jharkhand Govt Waives Farm Loans of Up to Rs 50,000; 9 Lakh to Benefit

News 18  

The Hemant Soren government in Jharkhand waived farm loans of up to Rs 50,000, benefitting around 9 lakh farmers of the state, officials said on Thursday. The ruling coalition had promised to waive farm loans of up to Rs 2 lakh, ahead of the assembly elections last year, if voted to power. Finance Minister Rameshwar Oraon of Congress told PTI that his government has decided to give the benefit of loan waiver to marginal farmers at first, and in the second and third phases, the government will try to waive loans up to Rs 1 lakh and Rs 2 lakh, respectively. Farmers who have availed farm loans of up to Rs 50,000 from any bank until March 31, 2020, will be eligible for the waiver, officials said.

History of this topic

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