Asserting his continued support to the farmers agitating against the Centres three black farm laws, Punjab Chief Minister Capt Amarinder Singh on Friday launched Rs 520 crore debt relief scheme for 2.85 lakh farm labourers and landless farmers, in a befitting tribute to former Prime Minister Rajiv Gandhis pro-poor vision of the former Prime Minister.
The Chief Minister said that the had decided to waive off loans amounting to Rs 520 crores of farm labour and landless farmers with respect to the principal amount against their cooperative loans as on July 31, 2017, and Simple Interest at the rate of seven percent per annum on the said amount till March 6, 2019. Notably, the State Government had earlier waived off Rs 4,700 crore worth of loans (up to Rs two lakh of crop loan each) for 5.85 lakh small and marginal farmers.