Government order for waiver of loans taken by small and micro farmers
Posted on: 04/Jul/2016 5:56:31 PM
As soon as Jayalalithaa assumed the office of the Chief Minister after the recent elections of the legislative assembly, she signed the order for the waiver of loans of farmers as promised during the poll campaign.
Following this, the government order was issued on 28th June. The secretary of the Cooperative Department has now released the detailed rules and regulations of the order regarding the waiver of loans taken by the farmers.
As per this order, the loans taken by the small and micro scale farmers up to 31st March are waived. The loans taken by farmers who own lands of 2.5 to 5 acres are also waived. The loans taken by the farmers who own lands below 2.5 acres are also waived. The loans for agriculture, including the principal, interest, and the penalty for default are all waived.
If the farmers had taken loans pledging their jewels, this is also waived.
However, if there are any criminal proceedings against them, the loan will not be waived.
The farmers express that all the loans taken by farmers should be waived without any discrimination so that the help rendered by the government reaches all the farmers.
