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Punjab chief minister Captain Amarinder Singh on Monday announced crop loan waiver of up to Rs 2 lakh for farmers who own up to 5 acres of agriculture land and a flat relief of Rs 2 lakh for all other marginal farmers, irrespective of the loan amount.
Making the announcement in the Vidhan Sabha, the chief minister said the move will benefit a total of 10.25 lakh farmers, including 8.75 lakh farmers owning up to 5 acres. It would provide double the relief announced by Uttar Pradesh and Maharashtra, he said.
Making it clear that his government stood by its commitment to waive the loans of farmers, Amarinder said his government has also decided to take over outstanding crop loan “from institutional sources” of all families of farmers who committed suicide in the state. It has also decided to raise the ex gratia for suicide-affected families to Rs 5 lakh from the existing Rs 3 lakh.
The decisions are based on the interim report of an expert group headed by economist T Haque that was tasked with suggesting ways and means to help the state’s distressed farming community, said a press release.