The newly formed Congress government in Punjab looks set to implement the party’s poll promise to waive off all farm loans. The govt has taken a decision to form a cabinet sub -committee to work out details in the matter, reports Financial Express.
The state ministers for finance, agriculture, irrigation and power will be members of the sub-committee, which will be assisted by Chief Principal Secretary to Chief Minister.
“Official sources say ” The cabinet decided to continue free power to farmers and also omit the existing section 67 (A) of the Punjab Cooperative Societies Act, 1961, for which the Department of Cooperation would get an ordinance issued at the earliest,”.
“A new legislation will be brought in to prohibit sale and ‘kurki’ of a farmer’s land by the lending agencies” officials say.