business 🌾 Tamil Nadu CM announces bigger farm loan waiver
Tamil Nadu Chief Minister C. Joseph Vijay announced a full crop loan waiver of up to ₹75,000 on Monday. This move benefits marginal, small, and other farmers across the state. The total waiver amount is set at ₹6,220 crore for approximately 13.34 lakh farmers. This increases the previous waiver limit from ₹50,000 to a higher amount. The government will incur a financial burden of roughly ₹953.06 crore for this additional relief.