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UP government disburses Rs. 7,371 crore as part of loan waiver in first phase
The Uttar Pradesh government stated that they have disbursed an amount of Rs. 7, 371 crore as part of their loan waiver scheme for 11.93 lakh small and marginal farmers in the first phase.

The government has announced an amount of Rs. 32, 000 crore scheme to waive farm loans of up to Rs. 1 lakh as on or before March 31, 2016. In a statement issued by the state government, it was stated that farm loans of Rs. 10, 000 and above have been waived which will benefit 11, 27, 890 farmers.

Almost 41, 690 farmers have benefited from waiver of loans between Rs 1, 000 to Rs 10, 000. The number of farmers who have been given redemption in the Rs 500 to Rs 1000 bracket are 5, 553.

The release said that loans of Re 1 to Rs 100 of 4, 814 eligible farmers have been redeemed while 6, 895 farmers have been redeemed of money from Rs 100 to Rs 500.

A spokesperson stated that "Where the principal amount has been repaid by the farmer, the interest amount, even if small, has been redeemed under the scheme. In some cases, a wrong impression has been created that only a meagre amount has been redeemed”.
Posted on: 2017-09-26 11:27:07





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