Loan waiver to benefit around 34 lakh farmers

Source: The Hitavada      Date: 18 Dec 2018 12:41:56


Staff Reporter,

Approximately 34 lakh farmers will be benefitted by the decision of the State Government to waive off farmers’ loan. An expenditure between Rs 35,000 to 38,000 crore is estimated on crop loan waiver. Chief Minister Kamal Nath has formed a committee under the chairmanship of Chief Secretary to implement the scheme of agricultural loan waiver with immediate effect.

As far as setting up of four textile parks is concerned then these parks will be set up in Mohna Industrial Area of Dhar district in Indore division, Acharpura Industrial Area of Bhopal district in Bhopal division, Lehgadua Industrial Area in Chhindwara of Jabalpur division and Jaora Industrial Area of Ratlam district in Ujjain division. Chief Minister Kamal Nath has also taken the decision to make amendments in the Industry Promotion Policy 2018 and MSME Development Policy- 2017 with the purpose of making maximum jobs available to the youth of the state. According to the amendment, it will be mandatory to give 70 percent of the jobs in the industrial units taking financial and other facilities from the state government to the permanent residents of Madhya Pradesh.