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Tag: Loan Waiver In MP

MP Farmer Blessed with Loan Waiver of Rs 13/- Instead of Rs 24000/-

Jan. 24 Social Cause Comments

[Agar Malwa,MP] MP Farmer Blessed with Loan Waiver of Rs 13/- Instead of Rs 24000/-
A 55-year-old farmer in Madhya Pradesh was taken aback when he got a loan waiver of just Rs 13 instead of Rs 23,815 he was eligible for under a scheme announced by the newly elected Congress government.
Shivlal Kataria, a resident of Nipania Baijnath village in Agar Malwa district, has taken up the matter with the authorities and is hopeful of its early resolution.
Kataria said “The list (of beneficiaries) is with the panchayat, which I saw the other day. It mentions that just Rs 13 of mine (debt), instead of Rs 23,815 loan, has been waived,”
Chief Minister Kamal Nath had announced the farm loan waiver on December 18, 2018 hours after taking charge.
The process of submitting applications to claim loan waiver will end on February 5. The eligible cultivators will start getting written off amount in their bank accounts from February 22.
Around 55 lakh farmers in MP are expected to benefit from the loan waiver which will cost the state exchequer Rs 50,000 crore

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