Punjab Govt Waives Agri Loans Worth Rs 1,186 Cr, Doubles Old-Age Pension

The Punjab government, in its budget statement on March 8, announced to waive off agricultural loans of 1.13 lakh farmers, amounting to Rs 1,186 crore. Presenting the budget with a total outlay of Rs 1,68,015 crore for the financial year 2021-22, the government has also stated to waive off Rs 526 crore of landless farmers. Besides, State Finance Minister Manpreet Singh Badal has also raised old-age pension from Rs 750 to Rs 1,500.