Amarinder hopeful of early package on rural indebtedness

Punjab Chief Minister Amarinder Singh on Tuesday said that his government was seriously pursuing the case with the Central government for the early announcement of viable financial package on rural indebtedness to bail out our beleaguered peasantry.

Ropar, Oct 10: Punjab Chief Minister Amarinder Singh
on Tuesday said that his government was seriously pursuing the case
with the Central government for the early announcement of
viable financial package on rural indebtedness to bail out our
beleaguered peasantry.

Addressing a press conference after laying the foundation
stone of 675.04 meter long high level bridge over River Satluj
crossing Nurpur Bedi-Bunga Sahib Link Road at Sarai Ka Pattan
at a cost of Rs 44 crore to be completed within one and half
year, he said that the state government was devising a
workable solution to relieve our farmers from the burden of
debt owing to the outstanding loans of commission agents
(arhtiyas) cooperative and nationalized banks.

He said that out of the total debt 50 per cent was raised
through arhtiyas and out of the remaining 50 per cent it was
raised through the cooperative and nationalized banks in the
ratio of 60: 40.

He said that cooperative banks were within the ambit of
state government while the national banks were under the
control of Central government.

Referring to the loans from arhtiyas, he said the state
government had already constituted a committee under the
chairmanship of Deputy Chief Minister Rajinder Kaur Bhattal to
sort out this issue.

He said that the state government had already taken up
this matter with the centre and was hopeful of positive
outcome.

Bureau Report

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