Ahead of the upcoming assembly election in Tamil Nadu, Chief Minister Edapadi K Palaniswami has announced a major decision to waive Rs 12,110 crore worth of farm loans from cooperative banks to relieve farmers of the state.CM Palaniswami has stated that 16.43 lakh farmers will benefit from the farm loan waiver and added that the decision was taken as farmers suffered huge losses due to Cyclone Nigar and Burevi and also due to the Covid-19 pandemic.

Ahead of the upcoming assembly election in Tamil Nadu, Chief Minister Edapadi K Palaniswami has announced a major decision to waive Rs 12,110 crore worth of farm loans from cooperative banks to relieve farmers of the state.CM Palaniswami has stated that 16.43 lakh farmers will benefit from the farm loan waiver and added that the decision was taken as farmers suffered huge losses due to Cyclone Nigar and Burevi and also due to the Covid-19 pandemic.