Punjab Govt announces farm loan waiver up to Rs 2 lakh, free girls education till PHD

Amrinder Singh

June 20, Tuesday: Chief minister Capt Amarinder Singh on Monday announced farm loan waiver up to 2 lakhs for small and marginal farmers and to provide free education for girls from nursery to the PHD level in government institutions of Punjab.

Singh said in assembly, the farm loan waiver would be beneficial for 10.25 lakh farmers, including 8.75 lakh farmers who owns field up to 5 acres in the state.

Besides this, Punjab government increased ex-gratia from 3 lakh to 5 lakh for families of debt-ridden farmers who ended their life by committing suicide.

The government will also waive provide state loans of up to Rs 50,000 has been decided to be waived for those belonging to the Scheduled Castes and economically weaker categories.

The CM also said that state loans up to Rs 50,000 have been decided to be waived for those farmers belonging to the Scheduled Castes and economically backward categories.

With this, Punjab became the third state after Uttar Pradesh and Maharashtra to waive farm loans.

Meanwhile, for loans raised from non-institutional resources, Punjab government will review the ‘Punjab Settlement of Agriculture Indebtedness Act’ to provide relief to farmers. The government has already constituted a Cabinet sub-committee to review this Act, Singh added.

The chief minister proposed that the speaker likely to constitute a five-member committee of Vidhan Sabha to visit the families of the farmers who have committed suicide, ascertain the reasons for the extreme step and suggest measures to check this menace forever.

Wefornews Bureau

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