Chhattisgarh CM Bhupesh Baghel announces short-term farm loan waiver in first cabinet meet of new Congress govt

Baghel was addressing a press conference after chairing the first cabinet meeting of the newly-formed Congress government in the state. 'Besides, loans of farmers borrowed from commercial banks will also be waived after proper examination,' he said.

Press Trust of India December 18, 2018 00:02:34 IST
Chhattisgarh CM Bhupesh Baghel announces short-term farm loan waiver in first cabinet meet of new Congress govt

Raipur: Chhattisgarh chief minister Bhupesh Baghel Monday announced that his government will waive short-term agricultural loans of farmers, fulfilling a promise made by the Congress ahead of the just concluded state Assembly polls.

Chhattisgarh CM Bhupesh Baghel announces shortterm farm loan waiver in first cabinet meet of new Congress govt

File image of Bhupesh Baghel. Twitter/@Bhupesh_Baghel

"Short-term agriculture loans to the tune of over  Rs 6,100 crore for over 16.65 lakh farmers drawn from cooperative banks and Chhattisgarh Gramin Banks, as on 30 November, 2018, will be completely waived," he said.

Baghel was addressing a press conference after chairing the first cabinet meeting of the newly-formed Congress government in the state. "Besides, loans of farmers borrowed from commercial banks will also be waived after proper examination," he said.

Fulfilling another pre-poll promise, the cabinet decided to hike the Minimum Support Price (MSP) of paddy to Rs 2,500 per quintal, he said.

"Another important decision taken in the Cabinet was that a Special Investigation Team (SIT) will be formed to probe the 2013 Jhiram valley Maoist attack in Bastar district, where 29 people, including senior Congress leaders, were killed," he added.

Two newly-inducted ministers - TS Singh Deo and Tamradhwaj Sahu - were also present at the press conference. Earlier on Monday, Baghel (57) was sworn in as the chief minister of Chhattisgarh.

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