UP government waived loans of farmers upto Rs. 50000

Uttar Pradesh (UP) government, waived loans of farmers who had taken up to Rs.50,000 from cooperative rural development bank, a decision that would benefit 7.2 lakh farmers. The announcement comes on a day when the party is celebrating its chief Mulayam Singh Yadav's 74th birthday here.
"The SP, in its manifesto, had promised to waive off loans of farmers upto Rs.50,000 which is being done today," Chief Minister Akhilesh Yadav told reporters. He said the loan waiver would be given to farmers, who have been sanctioned loan upto Rs.50,000, and have deposited at least 10 per cent of the actual amount by March 31. "There remaining loan, including interest, is being waived off," he said.


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