After MP, Chhattisgarh waives off farm loans

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Raipur:  Chhattisgarh Chief Minister Bhupesh Baghel has announced to waive off farm loans to the tune of 6,100 crore rupees of more than 16 lakh farmers.

Briefing the media after his first cabinet meeting last night, Baghel said it has been decided to waive off all short-term loans availed by farmers from cooperative and Rural development banks.

The Chief Minister also announced that the government will increase the minimum support price for paddy from Rs 1,700 per quintal to Rs 2,500 a quintal.

Earlier on yesterday, Madhya Pradesh Chief Minister Kamal Nath waived the short term crop loans of farmers up to Rs 2 lakh as on March 31, 2018, taken from nationalised and the cooperative banks.

In the run-up to the state assembly elections, Congress president Rahul Gandhi promised farm loan waivers in Madhya Pradesh, Chhattisgarh and Rajasthan within 10 days of the Congress coming to power.

Also Read: Baghel, Gehlot, Kamal Nath Sworn-In As CMs; Farm Loan Waived Off In MP

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