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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

Tamil Nadu | Farm loan waiver | AIADMK

Press Trust of India  |  Chennai 

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.

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