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May 22, 2018, 7:43 pm IST
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Rajasthan loan waiver to cost Rs. 8,000cr 

Rajasthan loan waiver to cost Rs. 8,000cr 

 Feb 12, 2018

The Rajasthan Chief Minister, Vasundhara Raje, has announced a one-time loan waiver of up to Rs 50,000 for small and marginal farmers in the state, which would cost Rs. 8,000 crore to the exchequer. 

Presenting the state budget in the Assembly,  Raje also announced setting up a farmer loan relief commission where farmers can approach and present their side for getting relief on a merit basis. As  Raje, who also holds finance portfolio, announced the loan waiver, opposition Congress members, led by the leader of opposition, Rameshwar Dudi, created uproar in the house. They said it was a betrayal with farmers and complete loan should be waived. 

Raje informed the House that the decision of loan waiver will cost Rs 8,000 crore to the exchequer. She also announced free travel for people above 80 years of age and one attendee on half fare in the state roadways buses. A hike in honorarium to Anganwadi workers, underpass from Ramniwas garden to Delhi road for a better traffic management, biogas plants in cow shelters were among other announcements.



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