The Assam government has approved debt relief scheme for the farmers of the state. The decision was taken in a cabinet meeting held in Guwahati yesterday headed by Chief Minister Sarbanand Sonowal.
The state cabinet decided to waive 25 percent of loan amount to the farmers. However the maximum relief per farmer would be capped at 25 thousand rupees. The cabinet also decided that a farmer could avail a Kisan Credit Card (KCC) loan at zero percent interest.
The Cabinet also approved a farmers incentive scheme, under which 10 thousand rupees would be given to farmers having bad debts for taking loan under KCC.
