Haryana Chief Minister Manohar Lal Khattar this morning announced a package worth Rs 4,750 crores for farmers at a press conference in Bhiwani district of the state.
He waived off penalty and interest on crop loans in three schemes to give relief to farmers.
"In total, we have announced a package of around Rs 5,000 crore package for farmers. It will be a big relief to farmers. 10 lakh farmers will get benefits," he said.
"In PACS, 13 lakh farmers have taken loans out of which 8.25 lakh have become NPAs. They pay 7 per cent interest in which state government pays 4 per cent and 3 per cent is paid by the central government through a scheme. In case of failure, a 5 per cent penalty is also imposed. We are waiving off 5 per cent penalty of farmers," he said.
"3 per cent amount paid by the central government through a scheme and from now on the government will pay 1.5 per cent and the remaining 1.5 per cent will be borne by PACS. Now, full interest and penalty have been waived off and farmers will have to pay the only original loan amount. They should deposit the money and convert their accounts into normal. Farmers will get the benefit of Rs. 2,500 crore," Mr Khattar added.
He also announced a package of Rs. 1,800 crores to waive penalty on crop loans, which has been taken from District Cooperative Central Banks (DCCB).
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