Farm Debt Waiver Scheme

farm loan waiver scheme

Question: The Punjab Government has recently launched the Agricultural Debt Waiver Scheme. How many farmers will be benefitted in the first phase of this scheme?
(a) 4.50 lakhs
(b) 5.25 lakhs
(c) 5.63 lakh
(d) 10.25 lakhs
Answer: (c)
Related Facts:

  • On January 7th, 2018, Punjab Chief Minister Capt Amarinder Singh launched the Farm Debt Waiver scheme in Mansa.
  • On this occasion, he symbolically handed over waiver certificates to 10 farmers from the five districts of Mansa, Bathinda, Faridkot, Muktsar and Moga.
  • Under this scheme, 5.63 lakh farmers will be benefitted in the first phase.
  • As a relief amount Rs 2700 crore will be provided to these farmers.
  • According to the Punjab Government, there are 17.5 lakh farming families in the state.
  • Under this scheme 10.25 lakh farmers will be benefitted.
  • Big farmers are not covered under the scheme.

Reference:
http://www.thehindu.com/news/national/amarinder-singh-launches-farm-debt-waiver-scheme/article22391823.ece
http://www.livemint.com/Politics/jwPSkSOVywJWIpPs74O4DN/Punjab-launches-farm-loan-waiver-scheme-for-47000-farmers.html