Finance Minister Dr Rameshwar Oraon on Saturday said that the State Government will waive loans of farmers up to Rs one Lakh and discussions are being held in this direction. Under the Chief Minister’s Agriculture Loan Waiver Scheme, loans of up to Rs 50 thousand are being waived by the Government.

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Oraon said as Chief Guest during the programme was organized at Tisia Maidan in Pakhar Panchayat of Kisko block Lohardaga District.He said that the Banks should be liberal in giving KCC loans to farmers and farmers must be given loans for farming.

The Minister said that the is going to procure paddy from December 15, 2021. Out of

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total 50 per cent of the value of purchase of paddy will be paid immediately. The balance amount will be paid within three months. Initially, the paddy of small farmers whose yield is up to 200 quintals, will be procured. The Government has taken a loan of Rs 1600 crore from Bank Of India and State Bank of India for timely payment of paddy amount to the farmers, he added.