mandi bhav of india

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MP govt announces interest waiver on select farm loans

Bhopal,  Madhya Pradesh Chief Minister Shivraj Singh Chouhan has announced that the state government will deposit in banks the interest accrued on farm loans of cultivators who did not repay their loans due to the write off promise made by the previous Congress administration.

The opposition Congress, however, said the Chouhan government should waive the entire loan and not just interest component on the farm loans.

Chouhan made the announcement on Tuesday while addressing farmers gathered in Bhopal under the aegis of the Bharatiya Kisan Sangh to press for their various demands.