Chief Minister V. Narayanasamy on Thursday said his government would “smash to pieces the designs of those against farm loan waiver” and implement the Cabinet decision to write off farm loans taken by farmers from primary agricultural co-operative societies. The farmers were not happy with the proposal given by Ms. Bedi to convert short-term loans to long-term loans. Governor Kiran Bedi, she forwarded it to the Union Ministry of Home Affairs seeking approval to waive off loans taken from commercial banks. The Ministry, nevertheless, permitted the government to write off loans taken from co-operative societies. However, the Ministry made it clear that loans taken from commercial banks could not be written off and it would not be able to provide any financial assistance.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Latest Puducherry headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.