Loan waiver Current Affairs, GK & News

Jharkhand’s Farm Loan Waiver Scheme

The Jharkhand Cabinet recently approved a loan waiver up to Rs 50,000 for 9.07 lakh farmers. The cabinet has earmarked Rs 2,000 crores for the purpose. Key Highlights According to the State Government of Jharkhand, there are 12.93 lakh farmers in the state. They have loan dues amounting to Rs 5,800 crores. Other Approvals The ..

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Weavers Samman Yojana launched by Karnataka

On July 6, 2020, the state Government of Karnataka launched the “Weavers Samman Yojana”. Under the scheme, 19,744 handloom weavers will be assisted financially. Highlights The State Government under the new scheme will transfer Rs 2,000 to the weavers’ accounts through Direct Benefit Transfer. In order implement the scheme, the state government has allocated Rs ..

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RBI proposes setting up of web portal for quick Agri Loans

The report of the RBI Internal Working Group to Review Agricultural Credit has recommended the Indian Banks’ Association to introduce a web portal on the lines of PSB Loans in 59 Minutes to allow quicker credit access for the agriculture sector. The RBI had announced the setting up of committee in February to review the ..

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Haryana Government waivers interest, penalty on crop loans

In a major announcement before the upcoming state elections, the Haryana Government has waived over INR 4750 crores in interests and penalties on crop loans taken by farmers in Haryana. What has happened? The Chief Minister of Haryana announced a one-time waiver of Rs 4750 crores of the interest accrued on and the penalties levied ..

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India Ratings report on state’s finances: Key Facts

A Fitch Group company, India Ratings has released its report on states finances. The important findings of the report are: Loan waiver and other support measures for farmers are expected to raise the aggregate fiscal deficit of states to 3.2 per cent in 2018-19. Further, the fiscal deficit would increase by 40 basis points (100 ..

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