Good News for Farmers: Soon after Lockdown Farm Loans to be Waived off in Punjab

The global pandemic coronavirus continues to wreak havoc across the world. Many people have died due to Covid19 while many others are seriously infected with it. To control the spread of coronavirus in India, government had imposed all over the country. Today (14 April 2020) the lockdown deadline has been further extended till 3rd May. During this lockdown, people faced many problems but the most affected were farmers in the country.

Though, the Central as well as State Governments have taken several initiatives to provide relief to the farmers in this critical situation, like they were given some relaxations to do farm activities or go to the mandis. In this sequence, after the lockdown, the state government of Punjab has said that agricultural or farm loans of the farmers will be waived off. In fact, Punjab Finance Minister Manpreet Badal told that "A budget of Rs. 2000 crores is ready for loan waiver of farmers, but the time has been extended due to lockdown".

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