Waiving Off KCC Loans Mean Rs 150 Cr for Government

KL Report


Minister for Agriculture,  Ghulam Nabi Lone said that Rs 150 crore have been earmarked in the budget 2015-16 for waiving off KCC loans for the smallest and most vulnerable farmers who have an outstanding balance of less than Rs 1 lakh.

According to an official statement, the Minister was replying to a question by Showkat Hussain Ganai in Legislative Council on Tuesday.

He said the Finance Minister in his Budget Speech has highlighted and initiatives of 50% waive off of the KCC loans.


Please enter your comment!
Please enter your name here