Punjab state government has set up an expert group to waive loans of farmers in the state.
Dr T Haque, former chairman, Commission for Agricultural Costs and Prices, has been appointed chairman of the group.
The other two members of the group are Dr Pramod Kumar Joshi, Director (South Asia), International Food Policy Research Institute, and Dr BS Dhillon, Vice Chancellor, PAU, Ludhiana.
The panel will assess the quantum of agricultural debt and suggest ways and means for its waiver. The panel has been asked to submit its report within 60 days.
Besides assessing the total amount of credit, both institutional and non-institutional, availed by different categories of farmers, the group will assess the quantum of bad loans or debt and suggest the methodology for the remission of debt. It will also suggest ways and means to raise resources for the debt waiver, The Tribune reported.
According to the notification, the Punjab Mandi Board shall provide both secretariat assistance and financial support.