Economy & Business

    Haryana Budget 2024: CM Khattar announces interest waiver on crop loans amid farmers' protest

    The Hawk
    February23/ 2024
    Last Updated:

    Haryana Chief Minister announces significant budget measures amidst farmer protests, including crop loan waivers and increased support for soldiers, while addressing opposition concerns.

    Punjab-Haryana Shambhu Border in Patiala

    Chandigarh: Haryana Chief Minister Manohar Lal Khattar on Friday announced waiver of interest and penalty on certain crop loans as he presented a Rs 1.89 lakh crore budget for 2024-25 financial year.

    While announcing the budget proposals at a time when farmers have intensified their protests at Punjab-Haryana borders, Khattar asserted that his government has taken many steps for the welfare of the farmers and that Minimum Support Price (MSP) is being given for 14 crops.

    The government has also decided to double the financial compensation to Rs 1 crore for families of soldiers who die in the line of duty.

    "For 2024-25, I propose a budget of Rs 1,89,876.61 crore which is 11.37 per cent more than Rs 1,70,490.84 crore (revised estimates) of 2023-24," Khattar said while presenting the budget in the Haryana Assembly.

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    In a major announcement, he said that interest and penalty will be waived on crop loans taken by farmers form Primary Agriculture Credit Societies (PACS).

    "I announce to waive interest and penalty on the crop loan in case crop loan was availed till September 30, 2023 and the principal amount is paid by May 31, 2024, provided the farmer is registered with MFMB (Meri Fasal Mera Byora)," he said.

    He said that such loans should have been taken by farmers registered on MFMB portal and thereafter, the farmers will be eligible for crop loan from PACS during Kharif season.

    As the chief minister made the announcement, Leader of Opposition Bhupinder Singh Hooda asked him, "you talk of farmers, then why you slap NSA (National Security Act) on farmers. Farmers are protesting on Haryana's borders."

    In response, Khattar said that "as much farmers are dear to you, they are to us also."

    "I am the son of a farmer, I know the pain of farmers. When I have announced a scheme in favour of farmers, either you are not able to digest it or not liking it," he said.

    On Friday, Haryana Police said it was withdrawing the earlier decision to invoke provisions of the NSA against some farmer leaders who are part of the ongoing farmers' agitation.