Madras High Court orders loan waivers for all Tamil Nadu farmers
The court thus extended the ambit of the waiver, earlier announced by the state Government for farmers owning upto 5 acres land, and made it for all.
The court also restrained officials from initiating any penal or recovery proceedings against farmers who had defaulted on repayment of crop loans.
The High court order brings some relief for the farmers who have been protesting at Jantar Mantar in Delhi for more than two weeks demanding, among other things, loan waiver.
The ruling will mean an additional financial burden of Rs 1,980 crore to the Tamil Nadu Government. It will benefit 3.01 lakh farmers who fall in the 'other' category.
Image: Wikimedia Commons
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