Government earmarks Rs 150 crore for KCC loan waiver

Jammu and Kashmir government today said it has earmarked Rs 150 crore during the current financial year for waiver of 50 per cent of Kisan Credit Card (KCC) loans given to the farmers in the state.
Government earmarks Rs 150 crore for KCC loan waiver
Representational Pic

Jammu and Kashmir government today said it has earmarked Rs 150 crore during the current financial year for waiver of 50 per cent of Kisan Credit Card (KCC) loans given to the farmers in the state.

"The government has earmarked Rs 150 crore during current financial year for waiver of 50 per cent of KCC loans for the smallest and most vulnerable farmers who had an outstanding balance of less than Rs one lakh as on March 31, 2015," Minister for Finance Haseeb Drabu informed the Legislative Assembly.

The minister said the bank-wise and district-wise details of such loanees were being examined and relief on account of such waiver would be provided to the farmers very soon.

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