Assam approves Rs 600 cr farm loan waiver

Assam government has approved farm loan waiver to the tune of Rs 600 crore which will benefit around eight lakh farmers of the state, its spokesman said on Tuesday.

As per the scheme, the government will write off 25 per cent loan of farmers up to a maximum of Rs 25,000 of all farm debts, Assam Government spokesperson and Parliamentary Affairs Minister Chandra Mohan Patowary said.

The waiver will be for all the loans taken through Kisan Credit Card (KCC) and from PSU banks, he said.

The government has also sanctioned an interest relief scheme which will enable around 19 lakh farmers to take loans at zero interest from the next financial year, he said.