Under the Punjab government's farmers' debt relief scheme, Chief Minister Amarinder Singh on Friday gave debt relief against commercial bank loans to the tune of Rs 1,771 crore to 109,730 eligible marginal farmers of four districts.
"The amount is being transferred directly to the accounts of the marginal farmers of commercial banks directly and the process will be completed by tomorrow," the Chief Minister told a function in Baran village in Patiala district, around 70 km from here.
Amarinder Singh also reiterated his commitment to waive off the loans of the landless labourers in the subsequent phases of the implementation of the waiver scheme.
He said a sum of Rs 1,815 crore of 3.18 lakh marginal farmers of Cooperative Banks had been waived off in the first phase, in addition to Rs 1,771 crore of 1.09 lakh marginal farmers of commercial banks in Friday's state-level debt relief function.
It is estimated that farmers in agrarian Punjab are under a debt of Rs 90,000 crore.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)