Finance Minister P Chidambaram said that the Cabinet approved the guidelines for the Farmer Debt Waiver Scheme. The scheme is likely to cost Rs 71,680 crore (unaudited).
Finance Minister P Chidambaram said that the Cabinet approved the guidelines for the Farmer Debt Waiver Scheme. The scheme is likely to cost Rs 71,680 crore (unaudited). He said that 3.69 crore small and medium farmers and 59.75 lakh other farmers will be benefited.
Chidambaram said that the scheme will be implemented by June 30 and that the banks and RRBs have 30 days to implement the scheme. He said there would be a full debt waiver for small and marginal farmers. He added that farmers with over two hectares of land would get OTS relief.
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