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The Hindu

National

Shubhomoy Sikdar

Interest waiver scheme for 11 lakh farmers launched in Madhya Pradesh

Shivraj Singh Chouhan Madhya Pradesh Assembly

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Sunday, launched a farm loan interest waiver scheme that he claimed would benefit over 11 lakh farmers in the State.

He blamed the previous Congress government for “making farmers default on loans”.

Under the Mukhyamantri Krishak Byaaj Maafi Yojana-2023 or the Chief Minister Farmer Loan Waiver Scheme, the State government will compensate the defaulter farmers, who have outstanding loans of up to ₹2 lakh including the principal and interest as on March 31, 2023, from Primary Agricultural Credit Cooperative Societies (PACS).

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