Assam government approved Rs 600 crore farm loan waiver

Posted on:19 Dec 2018 13:00:57
Assam government approved Rs 600 crore farm loan waiver
19 December 2018 Current Affairs:

According to the Assam government scheme, it will write off 25 per cent loan of farmers up to a maximum of Rs 25,000 of all farm debts.
The waiver will be for all the loans taken through Kisan Credit Card (KCC) and from PSU banks.
The cabinet also approved subsidy up to Rs 10,000 to incentivise farmers if they take loan from KCC.
Assam is the third state to waive farm loans in the last few days after the newly formed Congress governments in Madhya Pradesh and Chhattisgarh announced it on December 17.

According to the Assam government scheme, it will write off 25 per cent loan of farmers up to a maximum of Rs 25,000 of all farm debts.
The waiver will be for all the loans taken through Kisan Credit Card (KCC) and from PSU banks.
The cabinet also approved subsidy up to Rs 10,000 to incentivise farmers if they take loan from KCC.
Assam is the third state to waive farm loans in the last few days after the newly formed Congress governments in Madhya Pradesh and Chhattisgarh announced it on December 17.


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