Ahead of assembly elections in the state Tamil Nadu Chief Minister Edapaddi K Palaniswami a waiver of loans taken by farmers from co-operative loans. 12,410 crore rupee worth loans taken by 16.43 lakh farmers will be waived off. The announcement was made at the Tamil Nadu assembly.
On the other hand, DMK President has also promised that once their party wins elections all farmer loans will be waived off. CM, Tamil Nadu says that this move has been done in order to help the farmers who have suffered a lot in the pandemic due to the lockdown. This move by the CM of Tamil Nadu is a significant one as it is ahead of the Tamil Nadu elections.