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Punjab To Waive Off Debt Up To ₹2 Lakh For Small And Marginal Farmers

On the 24th of December 2021 Friday, Punjab Chief Minister Charanjit Singh Channi stated that the state's Congress-led administration will forgive up to Rupees 2 lakh in debts for the remainder of 1.09 lakh minor and marginalized farmers who possess up to 5 acres of property.

This step, which will cost the state twelve hundred crores, will be executed within 10 days, according to Punjab's chief minister, who talked with protesting farmers the day before, who failed to budge on their request for full debt forgiveness.

Furthermore, the state administration has indeed waived debts of Rs 4,610 crore for 5.63 lakh, such farmers. 1.34 lakh small farmers received relief worth Rs. 980 crore, whereas 4.29 lakh marginal farmers received a debt waiver worth Rs. 3,630 crore.

Channi told a news briefing in Chandigarh on the 24th of December 2021, Friday that his administration has decided to waive landless workers' debts and has also decided to set up a quota panel for the general category (GC).


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The Punjab chief minister told journalists that the Punjab administration has finally agreed to waive debts of up to 2 lakh for farmers with land up to 5 acres, which will be put in place in ten days. They also have agreed to waive debts of landless workers, and a choice to establish a general category committee has been allowed to pass.

Growers in Punjab are estimated to be in debt to the tune of 90,000 crores. Delegates from as many as 32 peasant groups from throughout the state met with the chief minister on the 23rd of December 2021, Thursday to express their concerns to the government.

Farm loan forgiveness, the rejection of first information reports (FIRs) filed against farmers during the anti-farm law protests, and compensation for land taken for highway construction were among the items on the list.

Channi proposed to discharge the pending Rupees 1,200 crore to settle loans up to Rupees 2,000 under the current debt forgiveness scheme during the meeting. According to him, the administration will include 1.09 lakh small and marginal farmers, and the fee would be refunded in 10-12 days.

The Punjab chapter of the Congress party also announced the news via its official Twitter account. According to the party's Twitter account, the Congress administration will forgive up to 2 lakh rupees in indebtedness for 1.09 lakh small and marginal growers, a total of 1200 crore rupees would be expended.

In response to some other significant request of the Samyukt Kisan Morcha (SKM), Channi declared that by the 31st of December, all FIRs filed by Punjab police against peasants demonstrating against the state's now-repeated agriculture regulations will be cancelled.

He ordered the director-general of police (DGP) to finish the necessary formalities as soon as possible so that all of the FIRs lodged against individual farmers might be cancelled.

As per the Bharatiya Kisan Union (BKU) Ekta Ugrahan Punjab president Joginder Singh, the upcoming meeting between the state administration and the protesting farmers will be held on 29th of December.

Farmer unions affiliated with the SKM have organised demonstrations across Punjab for the past four days, demanding a complete remission of farm loans and compensation for the relatives of those killed in the anti-farm legislation uprising.