Tamilnadu: Rs 12,110 Cr Worth Farm Loans Waived Ahead Of Polls

Poll-bound Tamilnadu's ruling All India Anna Dravida Munnetra Kazhagam (AIADMK) government on February 5 decided to relieve state farmers by suspending co-operative bank loans worth Rs 12,110 crore. Reportedly, the farm loan waiver will benefit almost 16.3 lakh farmers who were affected by the Cyclones Nigar, Burevi and the COVID-19 pandemic. Besides, CM K Palaniswami guaranteed immediate execution of the scheme after mustering the financial requirements.