New Delhi: The Uttar Pradesh government on Tuesday decided to waive off farmer’s agricultural loan up to 1 lakh rupees. The decision was taken in the first cabinet meeting of the new government held in Lucknow. The meeting was chaired by Chief Minister Yogi Adityanath.
About 86 lakh small and marginal farmers of the state will benefit from govt's decision. About 36000 crore rupees of financial burden will be on the public exchequer to implement the decision of waiving off the agri-loans. BJP had promised in its SankalpPatra, released during assembly polls, waving off agri-loans.