Soon after he was sworn in as the chief minister of Madhya Pradesh today (Monday, Dec 17), Kamal Nath signed an order to waive off farmers’ loans up to Rs 2 lakh.
Farmers who had taken loans from nationalized and cooperative banks before March 31, 2018 will be eligible for the loan waiver, according to Principal Secretary (Agriculture) Rajesh Rajora.
The order said: Madhya Pradesh government has taken a decision to write off short-term crop loan of eligible farmers up to the limit of Rs 2 lakh, as on March 31, 2018, from nationalised and cooperative banks.
The state government is acting on its pre-poll promise to waive off farmers’ loans within 10 days after the Congress party is elected to power.
After winning the state assembly polls on December 11, Congress president Rahul Gandhi assured that farmers in Chhattisgarh, Rajasthan and Madhya Pradesh will soon get a loan waiver as promised by the party.
Earlier in the day, 72-year-old Kamal Nath was sworn in as the 18th chief minister of Madhya Pradesh after the Congress named the nine-time Lok Sabha member from Chhindwara to head the state Congress Legislature Party, following hours of hectic parleys held by party chief Rahul Gandhi and party leaders.
Nath was administered the oath of office by Governor Anandiben Patel at the Jamboree Maidan in Bhopal. Congress chief Rahul Gandhi, former PM Manmohan Singh were present during the ceremony, along with several opposition leaders.