 "Tamil Nadu farmers celebrate at Jantar Mantar in New Delhi on Tuesday as the Madras High Court has directed the State government to waive loans of all farmers in cooperative banks. Photo: PTI")
The Madras High Court has issued an order directing the Tamil Nadu government to waive loans of all the farmers, as against earlier decision to do the same for marginal and small farmers who owns land up to 5 acres.
The decision, which would bring in an additional burden of Rs 1,980.33 crore to the state, which already has an ailing financial situation, is expected to help an additional 3.01 lakh farmers.
The court has also restricted the cooperative societies and officials from recovery proceedings against the farmers who had defaulted repayment. These farmers had conducted protests in Jantar Mantar, New Delhi,
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