New Delhi, Jul 3 (PTI) The Supreme Court today stayed the order of Madras High Court directing the Tamil Nadu government to extend its crop loan waiver scheme to all farmers, including those having land holdings of above five acres. The crop loan waiver scheme for farmers was notified by the Food and Consumer Protection Department in May 2016. The state government which has challenged the High Court order said it would suffer irrepairable loss if the verdict was stayed. It said the new government, in order to fulfill its poll promise, had ordered the waiver of crop loan given to small farmers by cooperative societies and banks. The High Court had also restrained the authorities from initiating any action against the farmers for recovery of crop loan as on March 31, 2016.

Source: India Today July 03, 2017 13:07 UTC