Govt starts short-term farm loan waiver process

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The Congress Government in Chhattisgarh on Thursday started returning money of farmers which was taken from them during sale of paddy which was linked to the loan repayment system during the previous regime.

We have fulfilled our promises made in the poll manifesto, Chief Minister Bhupesh Baghel said in a statement. 

The Government has started returning Rs 1248 crore to 3.57 lakh farmers by transferring money in their bank accounts,officials informed.

The process is part of the promise made by the Congress party in its election manifesto on farm loan waiver.

Notably, the Chhattisgarh government had issued notification to the Co-operatives Department regarding waiver of short-term loans of farmers till November 30, 2018.

The scheme is known as 'Short-term Farmer Loan Waiver Scheme-2018'. The scheme  includes marginal farmers, small and big farmers.It  also includes SHGs and farmer groups, an official statement informed here on Saturday last .

The Government will pay back loans via linking or cash between November 1 to 30, 2018.

The loan waiver is only for short term loans and not medium or long term loan, it stated.

It would be the responsibility of the banks to verify the authenticity of farmer loan waiver and also the farmers' list, it stated.

Daily Pioneer
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