Tamil Nadu Chief Minister Edappadi K Palaniswami handed out agricultural loan waiver receipts to beneficiaries on Saturday. On February 5, EPS had announced to the assembly that the cooperative agricultural loans of 12,110 crore would be canceled and, as a result, the government order was issued for this announcement.
Rs 12,110 crore loan waiver
On February 5, the AIADMK government headed by Chief Minister Edappadi K Palaniswami in Tamil Nadu announced a waiver of agricultural loans of 12,110 crore rupees of which 16.43 lakh farmers benefited from cooperative banks. Making the announcement at the state assembly, the chief minister said the program would go into effect immediately and the required financial allocation would be made by his government. He said AIADMK was the only party to keep its promises and come up with new social protection measures. Targeting the DMK opposition, he said the party had pledged two acres of land, but failed to implement it.
The mega announcement comes months before Tamil Nadu’s assembly elections. The first day of the final assembly session under the AIDMK government on Tuesday saw great drama with the opposition, led by Stalin MP leader Dravida Munnetra Kazhagam (DMK), arguing with Governor Banwarilal Purohit and outgoing before his usual speech. The DMK will boycott the entire session, Stalin told reporters after leading the walkout. Members of Congress, an ally of the DMK, wore green headgear – in support of agitated farmers outside Delhi – and they too boycotted the governor’s speech.
TN Govt announces relief to farmers
A few weeks ago, the state government said it would provide Rs 1,116.97 crore as relief inputs to about 11.43 lakh farmers, anticipating central assistance, for crop loss. farmers due to the January rains. The relief sum will be credited directly to their bank accounts, the chief minister said in a statement. Meanwhile, farmers and unions in Tamil Nadu have protested against the Centre’s new farm laws as well as to support opposing farmers in Delhi over the past two months. Many protesters staged motorcycle rallies, carried the national flag, as well as placards with slogans condemning agricultural laws in many parts of the state, although police refused permission for the procession. Such processions have taken place in Thanjavur, Coimbatore, Tiruchirappalli and Nagapattinam, among others, in recent days.