Other States

Rajasthan Cabinet clears loan guarantee to farmers

Rajasthan Chief Minister Vasundhara Raje. File

Rajasthan Chief Minister Vasundhara Raje. File   | Photo Credit: Rohit Jain Paras

In a populist move ahead of the State Assembly elections, the Rajasthan Cabinet has decided to provide a guarantee to the State Apex Cooperative Bank to take a loan worth ₹ 5,000 crore from the National Cooperative Development Corporation (NCDC) for funding the State government’s crop loan waiver scheme for farmers. The Cabinet has also relaxed the two-child norm for government employees.

In its meeting held here on Wednesday, the State Cabinet extended the time for organising camps to give loan waiver certificates to farmers till August 15, and approved 13 proposals for investments in different sectors. The waiving of loans to the tune of ₹ 5,077 crore in the cooperative sector is set to benefit over 16.5 lakh farmers.

Chief Minister Vasundhara Raje presided over the Cabinet meeting. Parliamentary Affairs Minister Rajendra Rathore said the clause in the government employees’ service rules for compulsory retirement on the birth of a third child would be deleted, thereby relaxing the two-child norm introduced in 2002.

Thirteen proposals for investments worth ₹ 6,000 crore in different sectors across the State were approved, said Mr. Rathore, while claiming that the projects would create thousands of jobs. The investments would be made in the sectors such as cement, mining, textiles, agro-processing, plastic manufacturing, business process outsourcing, distilleries and beverages, and auto parts.

Moreover, additional benefits will be extended to individuals and institutions investing money in the State’s backward regions. Among other decisions, land was allotted to six community-based organisations for housing schemes, a proposal for giving houses to the families of martyrs in the Armed Forces was cleared, and a committee was appointed for recruitment to the Home Guards.

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Printable version | Aug 9, 2020 12:32:05 AM | https://www.thehindu.com/news/national/other-states/rajasthan-cabinet-clears-loan-guarantee-to-farmers/article24463634.ece

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