Budget 2016: Rs 15,000 crore set aside for agriculture loan write off, says FM Arun Jaitely

NEW DELHI: Finance Minister Arun Jaitley announced a relief for the farmers in terms of financing for farming activities. This will be available for loans taken both from public sector and non-public sector banks.

The FM announced setting aside of Rs 15,000 crore for loan subvention for agricultural loans taken by farmers.

This measure is being seen as a major factor in easing farmer distress causing extreme steps such as suicides etc.

FM also announced that every distressed block would be taken up under the Deen Dayal Antodaya Mission for encouraging multiple streams of employment. The mission for Pradhan Mantri Rozgar Mission will also be used for this purpose.