You are here: Home » Current Affairs » News » National
Business Standard

TN govt announces loan waiver for over 1.6 mn farmers worth Rs 12,110 cr

Targeting the opposition DMK, he said the party had promised two acres of land, but failed to implement

Topics
Tamil Nadu | Farm loan waiver | AIADMK

Press Trust of India  |  Chennai 

palaniswami
Tamil Nadu CM Palaniswami

The government in Tamil Nadu

on Friday announced waiver of Rs 12,110 crore farm loans availed by 16.43 lakh farmers from cooperative banks.

Making the announcement in the state assembly, Chief Minister K Palaniswami said the scheme would come into immediate effect and the required financial allocation would be made by his government.

He said the was the only party that fulfills promises and also comes up with fresh welfare measures.

Targeting the opposition DMK, he said the party had promised two acres of land, but failed to implement.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 05 2021. 13:08 IST
RECOMMENDED FOR YOU