Puducherry Govt to waive crop loans of farmers

Puducherry, Sep 27: Puducherry government would write off crop loans by farmers to the primary agricultural cooperative societies, totalling about Rs 20 crores.

Talking to reporters here today, Chief Minister V Narayanasamy said the cabinet had approved the proposal of the Cooperative Department to write off crop loans totalling Rs 20 crores due from farmers to the primary agricultural cooperative societies.

This would benefit around 6000 farmers in the union territory, he said.

He said the cabinet had also decided to encourage private players to set up universities in the Union Territory in keeping with the stand of the Central government.

"The government will only be a facilitator and all the logistics to set up the university including acquisition of land would be the responsibility of the private entrepreneurs", he said.

PTI