Loans up to ₹2 lakh of Madhya Pradesh farmers will be waived, with Kamal Nath on Monday signing a file to this effect soon after he was sworn in as the State’s 18th Chief Minister on December 17.
After Mr. Nath signed the file, Principal Secretary in the Farmers’ Welfare and Agriculture Development Department Rajesh Rajora issued the loan waiver order.
The order said, ”The Madhya Pradesh government has taken a decision to write off short-term crop loan of eligible farmers up to the limit of ₹2 lakh, as on March 31, 2018, from nationalised and cooperative banks.”
The Congress had promised during the poll campaign that if it wins, it would implement farmers’ loan waiver within 10 days of coming to power.