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Provide enough funds to banks for loan waiver to 8.6 mn farmers in UP: Yogi

In an apparent bid to pre-empt a Mandsaur-like protest in Uttar Pradesh

Press Trust of India  |  Lucknow 

Yogi Adityanath
Yogi Adityanath

In an apparent bid to pre-empt a Mandsaur-like protest in Uttar Pradesh, Chief Minister today ordered that adequate be provided to for the of 8.6 million soon after the passage of the budget.

The in proportion to the amount of should be provided to soon after the passage of budget for 2017-2018 fiscal and certificates of waiver should be distributed among 8.6 million beneficiaries, he told a high-level meeting for implementing waiver scheme for small and marginal

"As per the constitutional provisions, the scheme of crop for should be implemented by getting the budget passed," he said.

"All the need to be clearly told not to issue any notice to beneficiaries of this scheme till the passage of the budget," the chief minister said.

His directions come against the backdrop of farmers agitation in Madhya Pradesh and Maharashtra with potato and sugarcane growers in keeping a close watch on the developments before embarking on a protest on similar issues.

For facilitating waiver of loans, he suggested setting up committees led by respective DMs for effective implementation of the scheme at the district level.

As per its election promise, the government in its first cabinet meeting had decided to waive crop loans up to Rs 1 lakh of small and marginal farmers till March 31, 2016, with the total amount adding up to Rs 36,000 crore.

First Published: Fri, June 09 2017. 21:55 IST