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PUNJAB CM TO FORMALLY LAUNCH FARM DEBT WAIVER SCHEME AT MANSA ON SUNDAY

Punjab Chief Minister Captain Amarinder Singh will on Sunday formally launch the farm debt waiver scheme, which will benefit a total of 5.63 lakh farmers in the initial phase. Addressing a press conference here today, Additional Chief Secretary (Co-operation) DP Reddy and Additional Chief Secretary (Development) Viswajeet Khanna said the government had already identified 5.63 lakh farmers, who had taken loan of nearly Rs. 2,700.00 crores from cooperative institutions as on 31.03.2017, as beneficiaries for disbursement of the debt waiver certificates in the first of the four planned phases for completion of the entire process. Of these, the process of verification had been completed for 3.20 lakh farmers. As many as 1.60 lakh cases with loans to worth Rs 748 crore had been approved pan Punjab. The symbolic launch event at Mansa will witness disbursement of debt relief certificates to the tune of Rs. 167.39 crore to nearly 47000 eligible marginal and small farmers, who had taken loans from 701 Primary Agriculture Cooperative Societies of the five districts of Mansa, Bathinda, Faridkot, Muktsar and Moga.


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