States which have earlier waived farm loans are Karnataka, Maharashtra, Uttar Pradesh and Punjab. Due to these schemes there will be an additional burden of Rs 600 crore on the state exchequer this fiscal. The newly formed Congress governments in Chhattisgarh and Madhya Pradesh had waived farm loans within hours of being sworn in. In other decisions, the Assam cabinet enhanced the state Freedom Fighters’ pension from Rs 20,000 to Rs 21,000. The government also sanctioned Rs 32.72 crore loan from National Cooperative Development Corporation for revival of a jute mill at Nagaon, he added.

Source: Mint December 18, 2018 12:45 UTC