Ra­jasthan to write off ₹20,000 cr farm loans

Hindustan Times ST (Jaipur) - - Front Page - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com

The Ra­jasthan gov­ern­ment on Thurs­day an­nounced loan waiver up to ₹50,000 for farm­ers, which will cost the ex­che­quer ₹20,000 crore and which is likely to ben­e­fit over 600,000 farm­ers.

The an­nounce­ment came shortly past mid­night after a marathon meet­ing that lasted 11 hours. The gov­ern­ment will con­sti­tute a high level team that will study the loan waiver process ap­plied in other states — Ut­tar Pradesh, Ma­ha­rash­tra, Pun­jab and Kar­nataka — agri­cul­ture min­is­ter Prab­hu­lal Saini said.

“The ex­pe­ri­ence of states that have given loan waivers has not proved ben­e­fi­cial. We want to im– ple­ment this prop­erly so it ac­tu­ally ben­e­fits farm­ers,” he said.

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