The Punjab government’s farm debt waiver scheme will be rolled out with banks preparing village-wise lists of marginal and small farmers with loan liability of up to Rs 2 lakh, reports Times of India.
As per the scheme, the first priority will be given to cooperative institutions, second to public sector banks and last to commercial banks.
The scheme will cover only institutional crop loans, which have been advanced by commercial and cooperative banking intuitions.
A state level monitoring committee, with the chief secretary as its chairman, will be constituted to monitor the process and ensure smooth implementation of the scheme.