In a major relief for the agricultural sector, the government has announced a write-off of crop loans for farmers across the country. The move is aimed at easing the financial burden on farmers, who have been struggling with mounting debts and declining incomes due to poor crop yields and low market prices.
The decision to write off the loans was taken after extensive consultations with farmers’ organizations, agricultural experts, and other stakeholders. The government has stated that it is committed to supporting the agriculture sector and ensuring that farmers have access to the credit they need to sustain their livelihoods.
Under the scheme, eligible farmers will have their crop loans waived off, subject to certain conditions. The government has set up a committee to oversee the implementation of the scheme and ensure that the benefits reach the intended beneficiaries.
The move has been welcomed by farmers’ organizations and agricultural experts, who have praised the government for its proactive approach in addressing the challenges faced by the sector. They have also called for more measures to be taken to improve the overall environment for agriculture in the country.
