General Budget: Farm loan waived off, Arunachal gets 500 crore rupees

By Staff
|
Google Oneindia News

New Delhi, Feb 29 : 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

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X