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About 3 lac PACS members to benefit from CM's largess in Punjab


The cheques would be issued in August, officials are quoted saying.
The Punjab Government initiated a Debt Relief Scheme for Farm Labourers and Landless Farming Members of PACS-2019, which will cover only Consumption Loans to the members of PACS advanced by District Central Cooperative Banks of Punjab through PACS.
Finance Minister Manpreet Singh Badal, Cooperation Minister Sukhjinder Singh Randhawa and cooperative officials attended the meeting. ....

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Punjab waives Rs 590 crore loans of labourers, poor farmers | India News


Punjab CM Amarinder Singh (File photo)
CHANDIGARH: The Punjab government on Wednesday announced waiver of Rs 590 crore worth of loans under the farm debt waiver scheme for labourers and the landless farming community.
The cheques would be issued at a state-level function on August 20, said an official spokesperson on Tuesday.
The Punjab government will pay off loans to the tune of Rs 520 crore of 2,85,325 members of the Primary Agricultural Cooperative Societies (PACS), thus ensuring a relief of Rs 20,000 per member, CM Amarinder Singh said.
The Congress-led government had formulated a Debt Relief Scheme for Farm Labourers and Landless Farming Members of PACS-2019, which would cover only consumption loans to the members of the Primary Agricultural Cooperative Societies advanced by district central cooperative banks in Punjab. ....

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