Waiving Off KCC Loans Mean Rs 150 Cr for Government

KL Report

SRINAGAR

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.

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