Puducherry Government decides to waive-off all farm loans

Posted on:27 Sep 2016 18:04:43
Puducherry Government decides to waive-off all farm loans
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.

 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs November 2017

22 NOVEMBER
NEWS
21 NOVEMBER
NEWS
20 NOVEMBER
NEWS
19 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS