Tamil Nadu Farm Loan Waiver

Farm loans taken by over 16 lakh farmers in Tamil Nadu will be waived, said the AIADMK government in the state where election to the legislative assembly will be held this year. The total amount to be waived is Rs 12,110 crore for farm loans taken from cooperative banks, Chief Minister E Palaniswami told the assembly today.

In an order that would bring relief to thousands of farmers in drought hit Tamil Nadu, the Madras High Court has directed the state government to expand its farm loan waiver scheme to include farmers who own more than five acres.

Farm loans taken by over 16 lakh farmers in Tamil Nadu will be waived, said the AIADMK government in the state where election to the legislative assembly will be held this year. The total amount to be waived is Rs 12,110 crore for farm loans taken from cooperative banks, Chief Minister E Palaniswami told the assembly today.

In an order that would bring relief to thousands of farmers in drought hit Tamil Nadu, the Madras High Court has directed the state government to expand its farm loan waiver scheme to include farmers who own more than five acres.