Puducherry Government decides to waive-off all farm loans
Free Current Affairs to Your Email
Posted on:27 Sep 2016 18:04:43
27 September 2016 Current Affairs: Puducherry Government has decided to write off all farm loans taken from co-operative Banks in the Union Territory on 26 September 2016. As per the decision, the principal loan amount, interest and penal interest of all farmers will be waived off.
The measure will cost the state Exchequer 20 crore rupees and benefit about 7000 farmers of the Union Territory.
The decision was taken during the cabinet meet. It is based on the poll promises of the Congress-DMK government.
The cabinet also approved to write off penal interest on Housing loans availed from Co-operative Banks. Those who had availed loan from the cooperative housing federation are prepared to repay the principal amount as well as the interest, if the penal interest is waived.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.