Tamil Nadu government announces Rs 12,110 crore farm loan waiver
Targeting the opposition DMK, he said the party had promised two acres of land, but failed to implement.
Stating that there is a need to make cooperatives survive in a competitive environment, the minister said a new cooperative policy will be brought as part of the government's 'Azadi Ka Amrit Mahotsav' initiative to celebrate and commemorate 75 years of progressive India.
Chennai: The Tamil Nadu government on February 5 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 AIADMK 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.
Published: February 5, 2021, 13:40 IST