Govt to create relief fund to support loan waiver

By Staff

Published: Friday, March 28, 2008, 17:40 [IST]

New Delhi/Hulkoti, Mar 28, 2008 : Indian federal government has decided to create a farmers relief fund with an initial corpus of 100 billion to implement the farmers loan waiver scheme announced in the budget.

Meanwhile, addressing farmers at Hulkoti on the third day of his four-day tour of southern Karnataka, Congress party"s general secretary Rahul Gandhi said that blanket waiver of loans given to the farmers would be against sustainable development.

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