Loan waiver to benefit half a million Chhattisgarh farmers

By IANS

Raipur : About half a million small farmers of Chattisgarh are expected to benefit from loan waiver for the farming community in the 2008-09 budget.

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Officials said at least half a million farmers of the state, mostly from Raipur, Durg, Dhamtari, Mahasamund, Bilaspur and Rajnandgaon districts, have outstanding loans for paddy cultivation worth Rs.48.1 million from various cooperative banks.

The loan waiver for Chhattisgarh farmers will be part of Chidambaram’s budget proposals to waive loan of nearly 30 million farmers across the country.

Agriculture department officials said loan waiver for the farmers here would help them to get over a debt trap. Now, they can put more money into adopting new farm technology.