Power bills, loans waived for farmers ahead of Lok Sabha polls

Written By Unknown on Minggu, 30 Maret 2014 | 22.23

MUMBAI: The relief assistance has been limited to a maximum of two hectares for all farmers restricted to sown areas.

Interestingly, electricity bills of the affected farmers for two quarters (January to June 2014) be borne by the state government (approximately Rs 200 crore ) have been waived off.

Also the time for regular repayment of crop loans for the affected farmers has been extended up to the end of December 2014 and no coercive recovery of crop loans from affected farmers by the bankers till the end of December 2014.

Interest subsidy on crop loans for the affected farmers for the year 2013-14 (approximately Rs 268 crore) is to be paid by the state government. Restructuring of all crop loans for the affected farmers for next three years, that is, 2014-15, 2015-16 and 2016-17 has been suggested under the package.


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