The Uttar Pradesh government on Wednesday said it has disbursed ₹7,371 crore to waive loans of 11.93 lakh small and marginal farmers in the first phase of implementation of the debt waiver scheme.
The State government has announced a ₹32,000 crore scheme to waive farm loans of up to ₹1 lakh by lending institution as on or before March 31, 2016.
The State government in a release said that farm loans of ₹10,000 and above have been waived benefiting 11,27,890 farmers.