Government approves farmers’ debt relief fund with Rs10,000-crore initial corpus
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The government has announced the establishment of a fund for debt relief firm with an initial budget of Corpus Rs10, 000 crore to operationalize the farm loan waiver scheme, but he did not mention the amendments to the criteria of Eligibility for small and marginal farmers. This initial corpus of Rs10, 000 crore for the Fund was established additional requirements for grants for 2007-08. This fund is supplemented by another Rs50, 314 crore in the next four years, to compensate for banks and other financial institutions for damage resulting from the lifting of the agricultural loan program. The R-60000-crore denial of debt regulation adopted by Finance Minister P Chidambaram in the Budget for 2008-09, until June 30. Although the union had yesterday of Ministers approves the establishment of the Fund for the implementation of the regulations, the Ministry of Finance is still expanding the scope of the scope of the system tjose possession of more than two hectares of land as a limit value for the eligibility or the terrain, the only reference date 31. March 2007 for the abolition of loans. Critics have argued that the proposed ceiling of two hectares for the waiver of eligibility is not taken into account productivity and land, farmers of large farms and irrigated areas in evil. They also believe that only a cut-off date unfairly penalise farmers in some regions. They had located discussion Cut-Off-go to a greater number of farmers in need deserve to benefit from the exemption. |