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Loan Waiver Possible for Fish Farmers

INDIA - The government plans to set aside part of the Rs 60,000-crore farm loan waiver package for plantation loans and allied activities such as poultry producers and fish farmers.

 According to finance ministry sources, the government has received requests from four states — Andhra Pradesh, Tamil Nadu, Karnataka and Kerala — seeking a loan waiver to the tune of Rs 4,000-6,000 crore for farmers involved in these sectors.

“It’s not only these fours states, similar proposals have been received from other states, where there are a large number of farmers involved in the allied sectors,” a finance ministry official told india's Economic Times.

Earlier, the Union agriculture minister Sharad Pawar had clarified that the Rs 60,000-crore farm loan waiver scheme would include farmers in allied sectors such as fisheries and dairy.

However, a senior Tamil Nadu state official raised concerns about how this waiver would be implemented and whether the new announcement would also include the state government’s earlier schemes.

View the Economic Times story by clicking here.

Ellen Hardy

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