Rajasthan becomes third Congress state to announce farm loan waiver

December 19, 2018 20:31

The Congress government in Rajasthan has announced loan waiver for farmers - a key election promise of the party that has helped to come to power in the three heartland states in the recent round of assembly elections.

In Madhya Pradesh and Chhattisgarh, Chief Ministers Kamal Nath and Bhupesh Baghel have signed off on the waiver hours after taking oath on Monday.

In Rajasthan, the Ashok Gehlot-led government had sought 10 days to announce the waiver, but managed to do it before the week is out.

Under the scheme, loans upto Rs 2 lakh will be waived. It would involve a extra expenditure of Rs 18,000 crore for the state exchequer.

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