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Channi announces Rs 1200 Cr debt waiver for loans upto Rs 2 lakh

The state government has already waived off loans of 5.63 lakh such farmers to the tune of Rs 4610 Crore.

SNS | Chandigarh |

Punjab Chief Minister Charanjit Singh Channi on Thursday announced to release the funds amounting to Rs 1200 Crore to clear the loans upto Rs two lakh under the existing debt waiver scheme of about 1.09 lakh small and marginal farmers, having land upto five acres.

The state government has already waived off loans of 5.63 lakh such farmers to the tune of Rs 4610 Crore. Out of these, 1.34 lakh small farmers got relief of Rs 980 Crore while 4.29 lakh marginal farmers were benefitted from a loan waiver of Rs 3630 Crore.

In a bid to eulogise the unprecedented contribution of farmers and in the remembrance of sacrifices made by the hundreds of farmers during the yearlong farm agitation, the CM also announced to construct a state-of-the-art memorial over five acres of land.

Mooting a proposal in this regard, Channi said this upcoming monument exclusively dedicated to farmers’ agitation and their sacrifices would be instrumental in showcasing the relentless battle of farmers in getting these draconian farm laws repealed from the Centre.

He said this memorial is all the more important as it would reflect the supremacy of democracy and shows peaceful conduct of agitating by farmers.

He sought wholehearted support and cooperation from the Sanyukt Kisan Morcha (SKM) to create this memorial as a state of art monument to demonstrate the indomitable spirit of farmers and their peaceful agitation.

Channi also announced to bring small and marginal farmers who have taken loans upto Rs Two lakh with landholding upto five acres from the Punjab State Cooperative Agriculture Development Bank (PSCADB) previously known as Punjab State Cooperative Land Mortgage Bank, within the ambit of debt waiver scheme.

Acceding to another major demand of SKM, the CM also announced to cancel all the FIRs registered by the Punjab Police against the farmers who had been protesting against the black farm laws within the state positively by 31 December 2021.

He directed the Director-General of Police to immediately complete the requisite formalities so as to cancel all the FIRs filed against various farmers including those involved in farm agitation and paddy straw burning cases across the state.

Channi also handed over appointment letters on compassionate grounds to 17 next of kin of the farmers who died during the farm agitation.