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Monday, April 07, 2008
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Will Indian Poultry Get a Waiver too?

INDIA - The Indian government is considering to set aside an Rs 60,000-crore farm loan waiver package for poultry and aquaculture farms.

According to finance ministry sources, the government has received requests from four states — Andhra Pradesh, Tamil Nadu, Karnataka and Kerala — seeking a loan waiver to the tune of Rs 4,000-6,000 crore for farmers involved in these sectors.

“It’s not only these fours states, similar proposals have been received from other states, where there are a large number of farmers involved in the allied sectors,” a finance ministry official told ET.

According to the Economic Times, the Union agriculture minister Sharad Pawar had previously clarified that the Rs 60,000-crore farm loan waiver scheme would include farmers in allied sectors such as fisheries and dairy.

However, a senior Tamil Nadu state official raised concerns about how this waiver would be implemented and whether the new announcement would also include the state government’s earlier schemes.

  • View the Economic Times story by clicking here.
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