Netizen 24 IND: Rajasthan announces Rs8,000 crore farm loan waiver in election year

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Rajasthan announces Rs8,000 crore farm loan waiver in election year

Home » Politics Rajasthan announces Rs8,000 crore farm loan waiver in election yearPresenting the Rajasthan budget, CM Vasundhara Raje said the loan waiver up to Rs50,000 for small and marginal farmers will cost Rs8,000 crore to the exchequerLast Published: Mon, Feb 12 2018. 10 47 PM ISTPTICM Vasundhara Raje’s proposal for farm loan waiver comes ahead of Rajasthan elections due later this year. Photo: ReutersCM Vasundhara Raje’s proposal for farm loan waiver comes ahead of Rajasthan elections due later this year. Photo: Reuters

Jaipur: Rajasthan chief minister Vasundhara Raje on Monday announced one-time farm loan waiver of up to Rs50,000 for small and marginal farmers in the state, which would cost Rs8,000 crore to the exchequer. The proposal for farm loan waiver comes ahead of Rajasthan elections due later this year.

Presenting Rajasthan budget for 2018-19 in the state assembly, Raje also announced setting up a farmer loan relief commission where farmers can approach and present their side for getting relief on merit basis. As Raje, who also holds finance portfolio, announced the farm loan waiver, opposition Congress members led by the leader of opposition Rameshwar Dudi created uproar in the house.

They said it was betrayal with farmers and complete loan should be waived. Raje informed the house that the decision of loan waiver up to Rs50,000 for small and marginal farmers will cost Rs8,000 crore to the exchequer. The chief minister also announced free travel for people above 80 years of age and one attendee on half fare in the state roadways buses.

Hike in honorarium to Anganw adi workers, underpass from Ramniwas garden to Delhi road for a better traffic management, biogas plants in cow shelters were among other announcements.

First Published: Mon, Feb 12 2018. 01 08 PM IST

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