Yogi Cabinet waives off loans worth Rs 36,359 of 2.15 crore farmers

Vastavam Web: Uttar Pradesh Chief Minister Yogi Adityanath has kept the promise made by Prime Minister Narendra Modi to people of the state during the recently concluded election. Yogi today called the first Cabinet meeting of new Uttar Pradesh government today. The meeting was called after over two weeks of the formation of the Yogi government in the state. All eyes were on CM Yogi Adityanath, who was expected to take some big-ticket decisions for the people of Uttar Pradesh as promised by the PM and the Bharatiya Janata Party during recently-concluded Assembly elections.

The government has waived loans worth Rs 30,729 crore of 2.15 crore small and marginalised farmers who had taken crop loan up to Rs 1 lakh. Along with this Rs 5630 crore of NPA of 7 lakh farmers will be writtern off. This will take the total amount to be borne by the government upto Rs 36,359 crore loan and around 2.5 crores of farmers would be benefited with this decision.