General Budget: Farm loan waived off, Arunachal gets 500 crore rupeesFebruary 29th, 2008 - 1:31 pm ICT by admin
New Delhi, Feb 29 (ANI): Union Finance Minister P Chidambaram on Friday announced a complete waiver of loan granted to small farmers saying that all loans granted upto March last year would get the benefit of waiver and the Centre will have to bear a burden of 50, 000 crore rupees due to waiver.
Farmers who have taken loan from the government and co-operative banks will be benefited will now not pay their installments due upto December last year, said Chidambaram.
Chidambaram also announced a special 500 crore rupees package for Arunachal Pradesh.
While tabling the General Budget 2008-09, the Finance Minister said that special provision would be made to develop madrassas. Madarassa development programme will receive over 45 crore rupees. (ANI)