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MP Govt Likely to Begin Farm Loan Waiver Process Today 

The CM had on Thursday said loans of 25-30 lakh farmers in the state will be completely waived off within 15 days.

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India
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The Kamal Nath-led Madhya Pradesh government is likely to kick off its farm loan waiver scheme on Friday, 22 February, at an event in Ratlam.

The chief minister had on Thursday said loans of 25-30 lakh farmers in the state will be completely waived off in another 15 days, news agency IANS reported.

Responding to queries on farm loan waiver issue from the Opposition benches in the Assembly, he assured the House that in another fortnight's time, the farmers would themselves confirm that they had become debt-free.

"Besides, the government will also pay compensation to the farmers whose crops were destroyed in the recent hailstorm," the chief minister said.

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He said that waiver of farm loans was part of the Congress party's election manifesto. "That's why, we came up with a well-structured plan to fulfill our promise to the farmers. Loans up to Rs 2 lakh will be waived off. Loan waiver is for real... it's a reality."

The government will have to bear an additional burden of Rs 50,000 crore on account of waiver of loans. The Congress has promised to waive up to Rs 2 lakh loans of 55 lakh farmers in Madhya Pradesh.

The government has sought applications from the needy farmers in this regard.

(With inputs from IANS)

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