The Hindu Business Line : TN farmers want principal of loans waived

WHILE welcoming the Tamil Nadu Chief Minister's announcement of waiver of more than Rs 600-crore interest on farmers' loans benefiting 7.24 lakh farmers, the Federation of Farmers Associations in Thanjavur, Tiruvarur and Nagapattinam districts have urged the waiver of the principal amount of loans too.

According to the Secretary of the association, Mr Arupathi Kalyanam, the farmers had incurred crop loss of about Rs 10,000 crore due to drought and other natural calamities over the decade.

The Government should create a Cauvery delta farmers special debt relief package to waive the principal of loans, he suggested.

He welcomed the Government fixing a price of Rs 1,014 per tonne for sugarcane and wanted the implementation by private sugar mills to be ensured, the sources said.

The composite Thanjavur District Farmers Association, comprising Thanjavur, Tiruvarur and Nagapattinam , has also expressed a similar view.

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