Jaya swings into action, orders free power, loan waiver

Image
Press Trust of India Chennai
Last Updated : May 23 2016 | 3:13 PM IST
Minutes after she was sworn in, Tamil Nadu Chief Minister Jayalalithaa today ordered a slew of measures aimed at fulfilling her electoral promises including waiving crop loans of farmers and free units of electricity to consumers.
She also ordered increase in gold allocation for women beneficiaries and reducing the working hours of state-run, Tamil Nadu State Marketing Corporation (TASMAC) liquor outlets besides closure of 500 of its shops.
Immediately after being sworn in, Jayalalithaa drove to Fort St George where the Secretariat is located and signed five files to fulfil five of her electoral promises, as mentioned in her party manifesto.
She first signed a file ordering waiver of crop loans upto March 31, 2016 payable to co-operative banks.
The waiver includes crop loan, medium and long term loans of small and micro farmers payable to co-operative banks and the move would entail a financial burden of Rs 5,780 crore on her government.
Jayalalitha's second order was 100 units of free power for domestic electricity consumers with effect from today in tune with the present tariff computation. It would entail an additional payout of Rs 1,607 crore as grant to the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) by the state government.
Another order was for increasing gold allocation from 4 to 8 grams for women beneficiaries under the Thallikku Thangam Scheme (Gold for 'Mangalsutra').
From now on beneficiaries will get eight grams of gold in addition to monetary assistance of Rs 25,000 to Rs 50,000.
The Chief Minister increased free power to handloom weavers to 200 units and for powerlooms to 750 units.
She ordered closure of 500 state-run TASMAC retail liquor outlets and cut short working hours of bars. With effect from tomorrow, the retail outlets and bars would function from noon to 10 pm which currently remain open between 10 am to 10 pm.
All measures are in tune with her electoral promises and she had said she would show her gratitude to the people through her work.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 23 2016 | 3:13 PM IST

Next Story