Article review on loan waiver scheme

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The Jharkhand government has earmarked Rs 2, crore for loan waiver to farmers in the state. Both these initiatives are set to come into effect by the end of this month, as per details that emerged after the fourth day of the review meetings of various departments conducted by Chief Minister Hemant Soren. The biggest challenge remains in implementing the loan waiver. During the Assembly Question and Answer session in March, in a response to a question on loans of farmers, the government had agreed that the farmers owed Rs 7, crore to the banks.
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Loan waiver

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LIC Housing Finance: Pay When You Stay & 6 EMI Waiver Home Loan Schemes | EMI Calculator

Maharashtra Chief Minister Uddhav Thackeray has announced that farm loans upto Rs 2 lakh taken before September 30, will be waived off, on the last day of the winter session state legislature in Nagpur on Saturday. He has announced the farm loan waiver three weeks after the three party alliance, Maharashtra Vikas Aghadi, took over the reigns of Maharashtra. Soon after Uddhav Thackeray came to power, he directed the finance department to review the financial health of the state before announcing the loan waiver. The government realised that the blanket loan waiver to about 89 lakh farmers would need more than Rs crore, hence it has decided to put a cap of Rs 2 lakh for the loan waiver.
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The politics and economics of farm loan waivers

The information within this website has been approved for UK financial advisers only. Using a Loan Trust allows clients access to their original capital at any point and in any amount but the growth will not be included in their estate for IHT purposes. They may not like the idea of giving away, outright, all of their nest egg, so using a Loan Trust allows them to retain control and gives them access to their original capital. With a Loan Trust, the loan can be waived in part or in full at any time. Waiving small amounts at a time allows them to gently give up access to their capital.
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Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors?
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