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Yogi Adityanath Cabinet Waives Off Farm Loans Of Over 2.15 Crore Farmers

The first cabinet meeting decided to float Kisan Rahat Bonds for raising ₹36,359 crore required for waiving loans of small & marginal farmers.
Hindustan Times via Getty Images

LUCKNOW -- Keeping BJP's poll promise to small and marginal farmers, the Yogi Adityanath government today approved waiver of loans of over 2.15 crore farmers totalling ₹36,359 crore.

The first cabinet meeting presided over by Chief Minister Yogi Adityanath decided to float Kisan Rahat Bonds for raising ₹36,359 crore required for waiving loans of small and marginal farmers who form 92.5 percent of the total 2.30 lakh farmers in the state.

Briefing media persons after a 90-minute meeting of the cabinet, senior minister Siddharth Nath Singh and Srikant Sharma said ₹30,729 crore was required for waiving loans of small and marginal farmers.

Besides, there were about 7 lakh other farmers who had taken loans which turned into non-performing assets (NPAs).

In order to bring them back into the mainstream, their outstanding dues of ₹5,630 crore have also been written off.

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This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.