Punjab waives farmers’ loans

Punjab Chief Minister Captain Amarinder Singh on Monday announced complete waiver of crop loans of up to ₹2 lakh for small and marginal farmers with up to five acres of land holding, and a flat ₹ 2 lakh relief for all other marginal farmers, irrespective of their loan amount.

Captain Amarinder had said during the Assembly session that the move would benefit a total of 10.25 lakh farmers, including 8.75 lakh farmers with holdings of up to five acres. The initiative will provide double the relief announced by the States of Uttar Pradesh and Maharashtra, he pointed out.