Haryana CM Khattar proposes Rs 1.89 lakh cr state budget

Haryana Budget 2024: Haryana Chief Minister Manohar Lal Khattar, who also holds the finance portfolio, presented the annual budget for financial year 2024-25 in the state assembly on Friday. He proposed a budget of Rs 1.89 lakh crore for the financial year 2025. One of the significant announcements made by the CM was the waiver of interest and penalties on loans for farmers who will deposit their dues by May 2024. This decision is likely to provide relief to many farmers who have been struggling with loan repayments.

The budget presentation also comes in the backdrop of days-long farmer protests at various locations along the Punjab-Haryana border. One of the key demands of the protesting farmers has been the waiver of farm loans. The CM’s announcement regarding the waiver of interest and penalties can be seen as a response to these demands, aiming to address the concerns of the farming community and alleviate their financial distress.

“Agricultural production has increased at the rate of 8.1 per cent in the year 2023-24, which is one of the highest in the country. Farmers are the backbone of our Indian economy. The Haryana government has taken crucial steps for the benefit of our farmers- The government has deposited a payment of Rs 29,876 crore directly into the accounts of farmers in Kharif and Rabi Season 2023.