{"id":7708,"date":"2024-06-14T03:16:16","date_gmt":"2024-06-14T03:16:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7708"},"modified":"2024-06-14T03:16:16","modified_gmt":"2024-06-14T03:16:16","slug":"despite-waiver-farm-loans-up-in-punjab","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/despite-waiver-farm-loans-up-in-punjab\/","title":{"rendered":"Despite waiver, farm loans up in Punjab"},"content":{"rendered":"<p>As the institutional loans advanced to farmers soar to Rs 77,700 crore, higher than the total farm debt in 2018, the futility of the Punjab Governments flagship Farm Loan Waiver Scheme has hit <a href=\"https:\/\/exam.pscnotes.com\/home\">Home<\/a> hard.<\/p>\n<p>Latest data available from the State Level Bankers Committee shows the total <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> loans advanced to farmers in Punjab stand at <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> Rs 77,753.12 crore, as on June 2021. When the loan waiver scheme was launched in 2018, the total loans advanced to farmers stood at Rs 74,878.46 crore. In the past over three years, since the scheme was announced and implemented, the loan advanced has increased by Rs 2,874.66 crore.<\/p>\n<p>This shows the hike in total advances in the <a href=\"https:\/\/exam.pscnotes.com\/<a href=\"https:\/\/exam.pscnotes.com\/agriculture\">Agriculture<\/a>-notes-for-state-psc-exams&#8221;>Agriculture<\/a> sector is in spite of the fact that the  brought out the much-hyped Farm Loan Waiver Scheme in January 2018, and claims to have waived loans of 5.64 lakh farmers worth Rs 4,624 crore. In addition, the state government has just extended the scheme for farm labourers. The government claims it wants to settle loans worth Rs 592 crore, taken by farm labourers from cooperatives, and so far, Rs 181 crore relief has been given.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the institutional loans advanced to farmers soar to Rs 77,700 crore, higher than the total farm debt in 2018, the futility of the Punjab Governments flagship Farm Loan Waiver Scheme has hit Home hard. Latest data available from the State Level Bankers Committee shows the total loans advanced to farmers in Punjab stand at &#8230; <a title=\"Despite waiver, farm loans up in Punjab\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/despite-waiver-farm-loans-up-in-punjab\/\">Read more <span class=\"screen-reader-text\">Despite waiver, farm loans up in Punjab<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[741],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Despite waiver, farm loans up in Punjab - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/despite-waiver-farm-loans-up-in-punjab\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite waiver, farm loans up in Punjab\" \/>\n<meta property=\"og:description\" content=\"As the institutional loans advanced to farmers soar to Rs 77,700 crore, higher than the total farm debt in 2018, the futility of the Punjab Governments flagship Farm Loan Waiver Scheme has hit Home hard. 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