"The farmers who have paid 10% of the loan amount till March, 31, 2012, will benefit from the scheme. The remaining loan and interest will be waived," the CM said at a press meet.
Acting on another poll promise, he abolished the auctioning of land farmers had mortgaged for loans.
The CM said a provision of Rs. 500 crore had been made in the budget and an additional Rs. 500 crore would be made available in the supplementary budget to fund the waiver.