Punjab chief minister Captain Amarinder Singh on Monday announced total waiver of entire crop loans up to Rs. 2 lakh for small and marginal farmers up to 5 acres, and a flat Rs. 2 lakh relief for all other marginal farmers, irrespective of their loan amount.

Making the announcements during his speech in the Vidhan Sabha, the chief minister said the move would benefit a total of 10.25 lakh farmers, including 8.75 lakh farmers up to 5 acres. The initiative would provide double the relief announced by the states of Uttar Pradesh and Maharashtra, he pointed out.

Making it clear that his government stood by its commitment to waive off the crop loans of the farmers, Captain Amarinder said his government had also additionally decided to take over the outstanding crop loan from institutional sources of all the families of farmers who committed suicides in the state.

The state government has also decided to raise the ex-gratia for suicide affected families to Rs. 5 lakh from Rs.3 lakh.

The chief minister proposed that the Speaker may constitute a 5-Member Committee of Vidhan Sabha to visit the families of the suicide victims, ascertain the reasons for suicides and suggest further steps to be taken to check this menace forever.

Captain Amarinder informed the House that his government had already decided to repeal Section 67 A of the Punjab Cooperative Societies Act, 1961, which provides for auction/ kurki of farmers&#39; land.

The chief minister also reiterated his government&#39;s commitment to provide free power to farmers but appealed to all big and well-to-do farmers of the state to give up power subsidy voluntarily. He announced his decision to immediately give up the subsidy at his own farms to set a personal example, and appealed to his colleagues to do the same.

Lashing out at the previous Akali government for ruining the state&#39;s agriculture and farmers, the chief minister said the Badal regime accepted a loan of Rs.31,000 crore to cover the shortfall in the cash credit limit for procurement of foodgrains, for which his government has to pay Rs.270 crore every month and Rs.3240 crore annually. Had this not been done, his government would have utilized the additional Rs. 31,000 crore amount also to benefit the farmers, he added.

Amarinder further said there are about 18.5 lakh farming families in the state, and about 65 per cent of them are small and marginal farmers, out of which about 70 per cent have access to institutional finance.

Expressing concern over the problems faced by the farmers, the chief minister said his government&#39;s priority would be to continuously increase income of all those who are dependent on agriculture while preserving the ecological balance, and announced that a State Agriculture Policy focusing on increase in farmers&#39; income on a sustainable basis would be formulated soon.

He also announced a series of other measures to bring the agriculture sector back on track. These include an agriculture sustainability programme with focus on various initiatives to boost cultivation, growth and quality of crops, backed by attractive remuneration and greater incentives on alternative crops. Other measures include revamp of Farm Extension Services and a new legislation to regulate agriculture education.

Announcing the establishment of a Paddy Straw Challenge Fund to stop the practice of crop residue burning by the farmers, the chief minister informed the House that he had already written to the Prime Minister to allow a bonus of Rs.100 per quintal to all those farmers who incorporate the paddy straw in the soil instead of burning it, as the farmers need to be incentivized in this regard.&nbsp;

Punjab CM Amarinder Singh announced total waiver of entire crop loans up to Rs 2 lakh for small and marginal farmers up to 5 acres, and a flat Rs 2 lakh relief for all other marginal farmers

Punjab chief minister Captain Amarinder Singh on Monday announced total waiver of entire crop loans up to Rs. 2 lakh for small and marginal farmers up to 5 acres, and a flat Rs. 2 lakh relief for all other marginal farmers, irrespective of their loan amount. Making the announcements during his speech in the Vidhan Sabha, the chief minister said the move would benefit a total of 10.25 lakh farmers, including 8.75 lakh farmers up to 5 acres. The initiative would provide double the relief announced by the states of Uttar Pradesh and Maharashtra, he pointed out. Making it clear that his government stood by its commitment to waive off the crop loans of the farmers, Captain Amarinder said his government had also additionally decided to take over the outstanding crop loan from institutional sources of all the families of farmers who committed suicides in the state. The state government has also decided to raise the ex-gratia for suicide affected families to Rs. 5 lakh from Rs.3 lakh. The chief minister proposed that the Speaker may constitute a 5-Member Committee of Vidhan Sabha to visit the families of the suicide victims, ascertain the reasons for suicides and suggest further steps to be taken to check this menace forever. Captain Amarinder informed the House that his government had already decided to repeal Section 67 A of the Punjab Cooperative Societies Act, 1961, which provides for auction/ kurki of farmers' land. The chief minister also reiterated his government's commitment to provide free power to farmers but appealed to all big and well-to-do farmers of the state to give up power subsidy voluntarily. He announced his decision to immediately give up the subsidy at his own farms to set a personal example, and appealed to his colleagues to do the same. Lashing out at the previous Akali government for ruining the state's agriculture and farmers, the chief minister said the Badal regime accepted a loan of Rs.31,000 crore to cover the shortfall in the cash credit limit for procurement of foodgrains, for which his government has to pay Rs.270 crore every month and Rs.3240 crore annually. Had this not been done, his government would have utilized the additional Rs. 31,000 crore amount also to benefit the farmers, he added. Amarinder further said there are about 18.5 lakh farming families in the state, and about 65 per cent of them are small and marginal farmers, out of which about 70 per cent have access to institutional finance. Expressing concern over the problems faced by the farmers, the chief minister said his government's priority would be to continuously increase income of all those who are dependent on agriculture while preserving the ecological balance, and announced that a State Agriculture Policy focusing on increase in farmers' income on a sustainable basis would be formulated soon. He also announced a series of other measures to bring the agriculture sector back on track. These include an agriculture sustainability programme with focus on various initiatives to boost cultivation, growth and quality of crops, backed by attractive remuneration and greater incentives on alternative crops. Other measures include revamp of Farm Extension Services and a new legislation to regulate agriculture education. Announcing the establishment of a Paddy Straw Challenge Fund to stop the practice of crop residue burning by the farmers, the chief minister informed the House that he had already written to the Prime Minister to allow a bonus of Rs.100 per quintal to all those farmers who incorporate the paddy straw in the soil instead of burning it, as the farmers need to be incentivized in this regard.

Punjab announces loan waiver for small and marginal farmers

punjab-loan-waiver

Punjab Loan Waiver, News on Punjab Loan Waiver, stories on Punjab Loan Waiver, articles on Punjab Loan Waiver, Punjab Loan Waiver stories at Wion, Punjab Loan Waiver news, Punjab Loan Waiver latest news

punjab loan-waiver

Punjab announces loan waiver for small and marginal farmers