Close X
Sunday, November 24, 2024
ADVT 
India

Amarinder Singh Announces Total Waiver On Crop Loans For Small, Marginal Farmers

Darpan News Desk IANS, 19 Jun, 2017 12:12 PM
  • Amarinder Singh Announces Total Waiver On Crop Loans For Small, Marginal Farmers
Punjab Chief Minister Amarinder Singh on Monday announced total waiver of entire crop loans for small and marginal farmers in Punjab.
 
The loan waiver will for up to Rs 2 lakh for small and marginal farmers (up to 5 acres) and a flat Rs 2 lakh relief for all other marginal farmers, irrespective of their loan amount, thus paving the way for eventual total waiver of agricultural debts to implement another major poll promise of the ruling party.
 
Making the announcements during his speech in the Punjab assembly, the Chief Minister said the move would benefit a total of 10.25 lakh farmers of the state's 18.5 lakh farming families, including 8.75 lakh farmers having land up to 5 acres. 
 
"The initiative would provide double the relief announced by the states of Uttar Pradesh and Maharashtra," Amarinder pointed out.
 
The decision is based on the interim report of an expert group, headed by eminent economist Dr T. Haque, which was tasked with suggesting ways and means to help the state's distressed farming community.
 
 
Making it clear that his government stood by its commitment to waive off the crop loans of the farmers, Amarinder said his government had also additionally decided to take over the outstanding crop loan from institutional sources of all the families of farmers who committed suicide in the state.
 
It has also decided to raise the ex-gratia for families of farmers committing suicide to Rs 5 lakh from the existing Rs 3 lakh. 
 
For debt relief to farmers for loans raised from non-institutional resources, the government has decided to review the 'Punjab Settlement of Agriculture Indebtedness Act' to provide the desired relief to the farmers through mutually acceptable debt reconciliation and settlement, which shall be statutorily binding on both the parties, the lender and the borrower.
 
"The government has already constituted a Cabinet Sub Committee to review this Act," Amarinder added.
 
The Chief Minister proposed that the Speaker may constitute a 5-member committee of the Vidhan Sabha to visit families of the suicide victims, ascertain the reasons for suicides and suggest further steps to be taken to check the menace.
 
He also told the assembly that his government had already decided to repeal Section 67 A of the Punjab Cooperative Societies Act, 1961, which provides for auction (kurki) of farmers' land.
 
 
Also asserting that his government's is committed to provide free power to farmers, he however, appealed to all big and well-to-do farmers of the state to give up power subsidy voluntarily.
 
Amarinder announced his decision to immediately give up the subsidy at his own farms to set a personal example, and appealed to his colleagues to do the same.

MORE India ARTICLES

Sushma Swaraj Rubbishes Donald Trump’s Claim, Says India Didn't Sign Paris Climate Deal For Money

Sushma Swaraj Rubbishes Donald Trump’s Claim, Says India Didn't Sign Paris Climate Deal For Money
Sushma Swaraj Said That Despite Donald Trump's Decision To Withdraw From Paris Climate Deal, The Relationship Between India And The Us Is Progressing As It Did During Barack Obama's Presidency.

Sushma Swaraj Rubbishes Donald Trump’s Claim, Says India Didn't Sign Paris Climate Deal For Money

Wife Buried In House Lawn, Neighbours Furious

Wife Buried In House Lawn, Neighbours Furious
It all began when former IAS officer Tulsi Gaur buried his wife Sheila Gaur, 66, in the lawn of his three-storeyed premises situated in Shakti Khand in Indirapuram

Wife Buried In House Lawn, Neighbours Furious

24 Burnt Alive As Bus Catches Fire After Collision In Bareilly

24 Burnt Alive As Bus Catches Fire After Collision In Bareilly
The bus became a ball of fire after the truck hit its diesel tank in the middle at a turn. The fiery flames engulfed the passengers in no time.

24 Burnt Alive As Bus Catches Fire After Collision In Bareilly

Woman 'Gang-Raped', Daughter Thrown Off Moving Auto In Gurugram

Woman 'Gang-Raped', Daughter Thrown Off Moving Auto In Gurugram
23-year-old woman was allegedly gang-raped by three men in a moving auto-rickshaw here. The men also killed her six-month-old daughter by throwing her off the vehicle for ‘distracting’ them. 

Woman 'Gang-Raped', Daughter Thrown Off Moving Auto In Gurugram

Watch: India's Heaviest Rocket GSLV Mark-III Successfully Puts GSAT-19 Satellite Into Orbit

Watch: India's Heaviest Rocket GSLV Mark-III Successfully Puts GSAT-19 Satellite Into Orbit
India on Monday evening scripted history as it successfully launched its heaviest rocket Geosynchronous Satellite Launch Vehicle Mark-III (GSLV Mk-III) carrying communication satellite GSAT-19.

Watch: India's Heaviest Rocket GSLV Mark-III Successfully Puts GSAT-19 Satellite Into Orbit

Patiala Bomb Making Incident:After Techie Son Rajatvir Singh’s Suicide, Mother Commits Suicide Too

Patiala Bomb Making Incident:After Techie Son Rajatvir Singh’s Suicide, Mother Commits Suicide Too
In his room there were pictures of goddess Lakshmi and Sikh Gurus too. Their family members also do not have any doubtful history or past links with the radicals

Patiala Bomb Making Incident:After Techie Son Rajatvir Singh’s Suicide, Mother Commits Suicide Too