'Farm loan waiver scheme to be implemented soon'

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Bangalore, June 17, 2008: Finance Minister P Chidambaram said on Monday that the nationalized banks would start implementing the scheme to waive off farmers loan soon. He said that the state-run Canara Bank would implement the scheme by this month end.

Chidambaram earlier proposed a waiver of rupees 600 billion of bank loans to farmers in the fiscal year 2008-09 in his annual budget. He had set June 30 as the deadline for waiving bank loans to small and marginal farmers.

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