Punjab waives Rs 590 crore loans of labourers, poor farmers | India News
1 min read
[ad_1]
CHANDIGARH: The Punjab government on Wednesday announced waiver of Rs 590 crore worth of loans under the farm debt waiver scheme for labourers and the landless farming community.
The cheques would be issued at a state-level function on August 20, said an official spokesperson on Tuesday.
The Punjab government will pay off loans to the tune of Rs 520 crore of 2,85,325 members of the Primary Agricultural Cooperative Societies (PACS), thus ensuring a relief of Rs 20,000 per member, CM Amarinder Singh said.
The Congress-led government had formulated a Debt Relief Scheme for Farm Labourers and Landless Farming Members of PACS-2019, which would cover only consumption loans to the members of the Primary Agricultural Cooperative Societies advanced by district central cooperative banks in Punjab.
The cheques would be issued at a state-level function on August 20, said an official spokesperson on Tuesday.
The Punjab government will pay off loans to the tune of Rs 520 crore of 2,85,325 members of the Primary Agricultural Cooperative Societies (PACS), thus ensuring a relief of Rs 20,000 per member, CM Amarinder Singh said.
The Congress-led government had formulated a Debt Relief Scheme for Farm Labourers and Landless Farming Members of PACS-2019, which would cover only consumption loans to the members of the Primary Agricultural Cooperative Societies advanced by district central cooperative banks in Punjab.
[ad_2]
Source
