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After Uttar Pradesh and Maharashtra now its Punjab's turn to waive off farmers' loans. Punjab chief minister amarinder singh has announced that the entire crop loan of 8.75 small and marginal farmers will be waived off. 1.5 lakh farmers with loans of over two lakh rupees will be given relief of two lakh rupees. While the ex-gratia for farmer suicide families will be hiked to 5 lakh rupees. The free power subsidy to farmers will also continue. The state government has decided to review the punjab settlement of agriculture indebtedness act to provide the desired relief to the farmers.
Added On: 19 June 2017