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Punjab farmers get just 1 per cent of loan waiver bonanza
WSN Network

CHANDIGARH: Punjab farmers would get a loan waiver/relief amounting to Rs 986.82 crore - just 1 per cent of the total loan waiver announced by the Indian government under the agriculture debt waiver scheme. The Punjab government, waking from its slumber, has now decided to approach the Centre for a special package for farmers.

As per the calculation, the scheme will benefit nearly 3.32 lakh farmers in the state.

Chief Secretary Ramesh Inder Singh, who held a meeting to review implementation of the Union government loan waiver scheme here, was told that loans amounting to Rs 634.56 crore of 1,79,160 small and marginal farmers would be waived under the scheme. Be sides, nearly 1,53,712 farmers would get relief amounting to Rs 352.62 crore.

All nationalised/co-operative banks have identified the beneficiaries of this scheme and lists have been already been displayed on the notice board of each branch.

Financial Commissioner Cooperation Kusumjit Sidhu said at the meeting that every bank had been asked to disburse the relief and waive the loan amount by June 30.

2 July, 2008
 

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