Rajasthan CM announces Rs.8,000 crore loan waiver for farmers

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Vasundhara Raje, Chief Minister of Rajasthan, announced a one-time loan waiver for small and marginal farmers of the state for up to Rs.50,000. The announcement was made on Monday while presenting the state budget in the assembly.

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Small and marginal farmers of Rajasthan to get loan waiver for up to Rs.50,000.

The step to provide financial relief to farmers will cost the ex-chequer Rs.8,000 crore. Raje also presented a plan to set up a farmer loan relief commission. Farmers can approach the commission to request for relief by presenting their case. Relief would be approved based on merit.

With long-term and widespread financial suffering of farmers, loan waivers release the pressure on farmers and give room for more development.

There was an uproar in the house by the opposition Congress member led by Rameshwar Dudi when the announcement was made. The opposition stated that a complete loan waiver should be provided to farmers. They felt that this was a betrayal to the farmers.

Raje also announced that people above the age of 80 years can travel for free on state roadway buses. These citizens can take an attendee along for half the fare.

Among other announcements, Raje stated that Anganwadi workers will receive a hike in honorarium, cow shelters will get biogas plants, and an underpass will be built from Ramniwas Garden to Delhi road to improve the traffic management.

Read more: Rs.20,000 crore debt written off by SBI in last fiscal

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