 "Congress keeps promise in Rajasthan, waives farm loans of up to Rs 200,000")
Two days after taking oath, Rajasthan Chief Minister Ashok Gehlot on Wednesday announced waiver of short-term loans taken by farmers from cooperative banks and loans of up to Rs 200,000 from other banks.
The waiver would cost Rs 80 billion to the state government.
The Congress, which won the recent Assembly elections, had promised in its manifesto to waive farm loans.
Congress President Rahul Gandhi had said this would be done within 10 days of the party coming to power in the state.
Ashok Gehlot told reporters the scheme will apply to farmers in debt till November 30.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app