Framing smiles on farmers, Assam approves farm loan waiver benefiting 8 lakh farmers
Source :NewsBharati   Date :18-Dec-2018

Guwahati, December 18: Giving a major relief and bringing smile on the faces of the farmers in Assam, the state government has approved farm loan waiver to the tune of Rs 600 crore which will benefit around eight lakh farmers of the state. As per the scheme, the government will write off 25% loan of farmers up to a maximum of Rs 25,000 of all farm debts.


The loan waiver will be for all the loans taken through Kisan Credit Card (KCC) and from PSU banks. The government has also sanctioned an interest relief scheme which will enable around 19 lakh farmers to take loans at zero interest from the next financial year. The cabinet decided to provide 25% waive of loan amount to the farmers. However the maximum relief per farmer would be capped at 25 thousand rupees. The cabinet also decided that a farmer could avail a Kishan Credt Card (KCC) loan at zero percent interest.


The Cabinet also approved a farmers incentive scheme, under which 10 thousand rupees would be given to farmers having bad debts for taking loan under KCC. There will be interest relief scheme of up to four per cent for farmers. There will be interest relief from the state government so that farmers get crop loan at zero interest from next financial year adding that around 19 lakh farmers across the state are expected to take the benefit of it.


The cabinet decided to enhance the state Freedom Fighters' pension from Rs 20,000 to Rs 21,000. The meeting also approved the formation of a Micro and Small Enterprises Facilitation Council to help the growth of MSME sector in the state, the minister said.

The government also sanctioned Rs 32.72 crore loan from National Cooperative Development Corporation for revival of a jute mill at Nagaon, he added.