Chandigarh: The Congress has promised to waive off farm loans in Haryana within six hours of coming to power. Senior party leader Bhupinder Singh Hooda made the announcement after Congress government in Rajasthan, Madhya Pradesh and Chhattisgarh waived off farm loans worth over thousands of crores after coming to power in the respective states.

“The Congress would waive farm loans within six hours of forming a government in Haryana,” said Hooda who was served as the Chief Minister of Haryana twice. Hooda added that after Congress becomes the ruling government in 2019, the electricity bill of the state will be reduced to half within 12 hours and the ageing pension will be increased from Rs 2000 to Rs 3000 per month. The move to forgo the rural electricity bills to the tune of Rs. 650 crore came after the Assam government waived loans of farmers worth nearly Rs 8 lakhs.

Inspired by the farm loan waivers announced by the Congress party, the BJP party in Madhya Pradesh and Chhattisgarh announced to waive off the farm loans within 24 hours. Meanwhile, Chief Minister of Haryana Manohar Lal tweeted saying that crop loans available at a rate of zero per cent from cooperative banks will be orchestrated by the Haryana government to meet the crop requirements of farmers.

Before the end of winter session on January 5, the government is likely to announce relief measures for farmers in the state, a report by NDTV quoted finance ministry sources as saying.