MP’s Chief Minister Kamal Nath Signs Waiver File on Farmer Loans

The promise of farm loan waiver was made by the Congress during the election campaign in Madhya Pradesh.

Kamal Nath, Chief Minister, Madhya Pradesh

Madhya Pradesh Chief Minister waived off the loans for farmers in his state, two hours after he took oath.

The promise of farm loan waiver was made by the Congress during the election campaign in Madhya Pradesh. This is Mr Nath’s first decision after assuming office.

He signed the papers required for waiving off farm loans up to Rs. 2 lakh from nationalised and co-operative banks til March 31.

The Congress had promised to write off farm loans of up to Rs. 2 lakh and provide a “salary grant” for five years to industries offering jobs to the youth if elected to power in Madhya Pradesh