Punjab Cabinet approves bill on Agricultural Indebtedness.
March 22, 2016
In a significant decision , the Punjab Cabinet approved the Bill on "The Punjab Settlement of Agricultural Indebtedness 2016”.
The proposed legislation provides a framework for expeditious determination and settlement of non-institutional agricultural debt.
The bill would be tabled in the ongoing session of Punjab Vidhan Sabha for consideration.
A spokesperson for the Chief Minister’s Office said that the Bill envisages the establishment of District Level Agricultural Debt
Settlement Forums and a State Level Agricultural debt Settlement Forums and a State Level Agricultural Debt Settlement Tribunal to alleviate difficulties of farmers in getting their non-institutional debts reconciled and settled.